ArcelorMittal Nippon to build mega steel plant

05 Mar 2021 Editorial Team

Steelmaker ArcelorMittal Nippon Steel India (AM/NS India) on Thursday signed an MoU with the Odisha government for setting up a 12 million tonnes per annum (MTPA) greenfield integrated steel plant in Kendrapara district with an investment of Rs 50,000 crore.

Odisha鈥檚 Chief Minister, Naveen Patnaik and steelmaking tycoon Lakshmi N Mittal were present during the signing of the Memorandum of Understanding (MoU) at the state secretariat, Lokaseva Bhavan.

Kendrapara on the east coast provides ideal prospects for an Integrated Steel Complex, Patnaik said. The state government will provide the required support and facilitation for the setting up of this mega project.

According to official data, land acquisition and other work for grounding the project are set to start soon. In addition to this, other investments of AM/NS in Odisha include the 6 MPTA pelletisation plant in Paradip which will now be expanded to 12 MTPA. The beneficiation complex in Keonjhar and the slurry pipeline are already operational.

The Chief Minister advised Mittal to add value to the mineral resources procured from Odisha in the state itself to aid the creation of more employment opportunities.

AM/NS India has now acquired the Paradip pellet plant and Dabuna beneficiation plant of Essar in Odisha. The company has also bagged two mines called Sagasahi and Thakurani iron ore blocks in Odisha.

Odisha produces close to 110 MT of iron ore a year, which is nearly 25% of the country鈥檚 total steel. From 2014 to 2018 the state鈥檚 crude steel output went from 8.8 MTPA to 23 MTPA.

Real Estate

18 Jun 2025

Swamiraj Rebrands as House of Swamiraj, Announces Rs 210 Cr Project

In a strategic shift marking its evolution from a reputed builder to a lifestyle-focused brand, Swamiraj Constructions has rebranded as House of Swamiraj. With a two-decade legacy and over 1,700 homes delivered across the Mumbai Metropolitan Region (MMR), the company is embracing a new phase centred on community-driven, wellness-oriented living. The rebranding was unveiled via a digital campaign titled #BeyondDimensions, executed in three phases鈥攖easer, engagement, and launch. The campaign spotlighted the brand鈥檚 renewed commitment to designing homes that go beyond function to foster ..

Resources

18 Jun 2025

Morpho Dimensions Set to Cross Rs 1 billion Revenue in FY 25鈥�26

Morpho Dimensions, a venture of acclaimed architecture and design firm Morphogenesis, is transforming India鈥檚 office interiors landscape with a technology-first, design-led approach. With a secured orderbook of Rs 700 million and additional projects in the pipeline, the firm is confidently on track to cross Rs 1 billion in revenue in FY 2025鈥�26.聽By combining Artificial Intelligence (AI), Building Information Modelling (BIM), and Virtual Reality (VR), Morpho Dimensions enables clients to visualise and step into immersive, ready-to-operate workspaces within 90 days鈥攗shering in a new bench..

Real Estate

18 Jun 2025

TOTO鈥檚 NEOREST Surpasses 4 Million Global Shipments

TOTO has announced that its flagship smart toilet, NEOREST, has surpassed 4 million global shipments as of March 2025, marking a major milestone in the evolution of luxury sanitation and setting a new global benchmark in design-led hygiene innovation. Launched in 1993 with the aim to redefine conventional toilets, NEOREST has consistently merged cutting-edge technology with minimalist design. Over three decades, it has become a category-defining product, earning global acclaim with prestigious honours including the iF Design Award, Red Dot, and Green Good Design Awards. The integrate..