CM Naidu Lays Foundation For Rs 1.36 Lakh Cr Steel Plant

Andhra Pradesh Chief Minister N Chandrababu Naidu on Monday laid the foundation for Rs 1.36 lakh-crore ArcelorMittal Nippon Steel (AM/NS) India steel plant at Rajayyapeta in Nakkapalli mandal of Anakapalli district. 

With a capacity of 17.8 million tons per annum, the plant will be set up in 5,465 acres in two phases and will create one lakh direct and



indirect jobs, according to the government.

Union Minister of Steel & Heavy Industries H.D. Kumaraswamy, and AP Deputy Chief Minister of Andhra Pradesh K. Pawan Kalyan attended the ceremony along with Lakshmi Mittal, chairman, ArcelorMittal, Aditya Mittal, chairman, AMNS India and CEO, ArcelorMittal, and Dilip Oommen, chief executive officer, AMNS India.