Featured

ArcelorMittal Inks MoU For 12 MTPA Steel Plant In Odisha’s Kendrapada

By
OB Bureau

Bhubaneswar: A memorandum of understanding to set up a mega steel plant in Kendrapada district was signed between ArcelorMittal and Odisha Government on Thursday.

The MoU was signed in the presence of Chief Minister Naveen Patnaik at the Lok Sabha Bhawan.

According to the MoU, the steel major will invest Rs 50,000 crore to set up the steel plant with an annual production of 12 million tonne.

Prior to the signing of MoU, the steel tycoon Laxmi Niwas Mittal had a meeting with the Chief Minister at Naveen Nivas. He also had a meeting with Union Minister Dharmendra Pradhan in New Delhi two days back.

It may be mentioned that ArcelorMittal had proposed to set up a mega steel plant in Keonjhar district in 2017. However, it withdrew the proposal later.

 

OB Bureau

Recent Posts

Man Stabs Brother-In-Law To Death In Odisha’s Sundargarh

Sundargarh: Police arrested a man for allegedly killing his brother-in-law for torturing his sister in…

March 28, 2024

Heavyweight Collaboration: In A First, Reliance Picks Up 26% Stake In Adani Power Project

Mumbai: This is what you call a heavyweight collaboration. In a first-of-its-kind collaboration between rival…

March 28, 2024

PDS Queues Longer, Market Price Of Rice Higher As Kashmir Ditches Paddy For Apple Crop, Urbanisation

Mohammad Aatif Ammad Kanth Anantnag (Jammu & Kashmir): On a chilly winter morning, Irshad Bhat…

March 28, 2024

Odisha Polls: Former Chitrakonda MLA Dambaru Sisa Resigns From BJD

Bhubaneswar: The former MLA of BJD from Chitrakonda in Odisha's Malkangiri district, Dambaru Sisa, on…

March 28, 2024

LS Polls: JMM Nominates Anjani Soren For Odisha’s Mayurbhanj Seat

Bhubaneswar: The Jharkhand Mukti Morcha (JMM) has announced Anjani Soren as its candidate for Lok…

March 28, 2024

IESA Signs MoU With Bhubaneswar’s BCKIC To Work In Critical Minerals & Energy Sector

Bhubaneswar: India Energy Storage Alliance (IESA) signed a Memorandum of Understanding with Bhubaneswar City Knowledge…

March 28, 2024

Vigilance Nabs OSD In Odisha’s Nuapada Collectorate While Taking Bribe Of Rs 30,000

Bhubaneswar: Odisha Vigilance on Thursday apprehended an officer in the collectorate of Nuapada district while…

March 28, 2024

Odisha Javelin Star Kishore Jena Set For Diamond League Debut; Neeraj Chopra Among Strong Field

Bhubaneswar: Odisha’s star javelin thrower Kishore Jena had a stellar season in 2023. And he’s…

March 28, 2024