ArcelorMittal Nippon Steel's Mega Project Takes Root in Andhra Pradesh

ArcelorMittal Nippon Steel India (AM/NS India) has initiated land acquisition for its massive ₹1.47 lakh crore integrated steel plant in Anakapalli district, Andhra Pradesh. The project, set to be India's largest steel plant, will be developed in two phases with a total capacity of 17.8 million tonnes per annum. The company has sought 4,600 acres, with 2,600 acres for the first phase. The Andhra Pradesh Industrial Infrastructure Corporation has already acquired about 4,313 acres in the Nakkapalli Cluster. This landmark investment is expected to create approximately 100,000 jobs and significantly boost the state's industrial landscape. The project aligns with India's National Steel Policy 2030 target and reinforces the country's position in the global steel market.

 

Source: The Economic Times, New Indian Express