Japan-based Nippon Steel Corporation (NSC) has announced its plans to establish a modern steel plant in Odisha, India, reported The New Indian Express.
NSC president Eiji Hashimoto announced this plan during a meeting with Odisha chief minister Naveen Patnaik in Tokyo, Japan.
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With a capacity of 30 million tonnes per annum (mtpa), the facility is expected to become the largest and most advanced steel plant in the world.
Talking to the high-level delegation, Hashimoto said: “We want to build a steel plant with a production capacity of 30mtpa.”
Patnaik also discussed the opportunities for collaboration between NSC and the Odisha state government.
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Patnaik said: “The 30mtpa greenfield project that the company intends to set up in Odisha will be beneficial for a large number of people in Kendrapara, Jagatsinghpur, Keonjhar, Jajpur and Bhadrak districts.”
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By GlobalDataThe AMNS India joint venture (JV) between multinational steel manufacturer Arcelor Mittal and NSC signed an agreement in 2021 with the Odisha government for a 12mtpa integrated steel plant with a $6bn investment in the Kendrapara district.
This JV has also received approval for an additional 7mtpa steel plant with an investment of $46m in Odisha’s Jagatsinghpur district.
