Andhra Pradesh CM Lays Foundation for Rs 1.36 Lakh-Crore ArcelorMittal Nippon Steel India Plant
Rajayyapeta (Andhra Pradesh), March 23 – Andhra Pradesh Chief Minister N Chandrababu Naidu laid the foundation stone for the Rs 1.36 lakh-crore ArcelorMittal Nippon Steel India (AM/NS India) steel plant in Nakkapalli mandal, Anakapalli district on Monday.Project Details
- Plant Capacity: 17.8 million tons per annum (MTPA) over 5,465 acres in two phases:
- Phase 1: 7.3 MTPA
- Phase 2: 10.5 MTPA
- Employment: Expected to create 1 lakh direct and indirect jobs.
Port Development
- AM/NS India will build a 50-million-ton capacity captive port on 316 acres, linked to the steel plant.
- Investment for the port: Rs 11,198 crore, generating 6,000 jobs.
Infrastructure Support
- The state government will facilitate faster construction of the steel plant.
- A four-lane road extension is planned to connect the steel plant to National Highway 16.
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