ArcelorMittal Begins Land Acquisition In AP

New Delhi: ArcelorMittal Nippon Steel India (AMNS India) on Friday started the process to acquire a land parcel in Andhra Pradesh for its proposed steel manufacturing facility.

The initial payment for acquiring the land has been made, and possession is expected soon, paving the way for the company to commence work on the Greenfield project, AMNS India said in a statement. The company announced the beginning of the acquisition of a land parcel in Anakapalli district in Andhra Pradesh, as part of its plans to set up a state-of-the-art integrated steel plant in Rajayapeta. The project will be set up with an initial capacity of 7.3 MTPA.

However, AMNS India did not provide any further details related to the investment and the overall capacity of planned project. Lakshmi Mittal, Executive Chairman, ArcelorMittal, said: “This investment in Andhra Pradesh deepens and broadens our presence in Indian steelmaking and takes us all closer to Viksit Bharat.”