March 29, Mumbai, Maharashtra, and Amaravati, Andhra Pradesh, India: As part of its intentions to establish a cutting-edge integrated steel factory in Rajayapeta, ArcelorMittal Nippon Steel India (AM/NS India) today announced the start of the purchase of a land parcel in the Anakapalli district of Andhra Pradesh. The firm may now start working on the greenfield project since the first payment for the land acquisition has been received and ownership is anticipated shortly.

With an initial capacity of 7.3 MTPA, the project reaffirms AM/NS India’s commitment to supporting local manufacturing in accordance with the ‘Atmanirbhar Bharat’ plan and helping India achieve its national goal of reaching 300 MTPA crude steel capacity by 2030.

“We welcome ArcelorMittal Nippon Steel India to Andhra Pradesh and are committed to providing all requisite support to ensure its success,” said N. Chandrababu Naidu, the state’s chief minister. In addition to providing a significant number of job possibilities, this massive steel factory will promote socioeconomic growth in the surrounding areas. Our goal of making Andhra Pradesh a major industrial center is in line with this initiative.

“This investment in Andhra Pradesh brings us all closer to Viksit Bharat and expands our presence in Indian steelmaking,” said Lakshmi Mittal, Executive Chairman of ArcelorMittal. All of us at AM/NS India and Andhra Pradesh are proud of this occasion, and we work together to contribute significantly to India’s rising prominence as a major player in the world of manufacturing.”

“Our investment today is the first step in an exciting plan to build a world-class steel plant in Andhra Pradesh that strengthens our contribution to India’s long-term steel manufacturing ambitions,” said Aditya Mittal, CEO of ArcelorMittal and Chairman of ArcelorMittal Nippon Steel India. We express our gratitude to the Andhra Pradesh government for its unwavering leadership and unwavering dedication to a project that will benefit local people, the state, and India by generating employment and long-term economic and social benefits.

Nara Lokesh, the Minister of IT and HRD and the chairman of the task group tasked with creating 20 lakh employment in Andhra Pradesh, praised the action and reaffirmed the government’s commitment to expediting commercial transactions and easing AM/NS’s entrance into the state.

“AM/NS India’s proposed plant in Andhra Pradesh demonstrates our unwavering ambition to expand Indian steelmaking capacity to support the country’s development,” stated Takahiro Mori, Representative Director, Vice Chairman, and Executive Vice President, Nippon Steel, and Member, Board of Directors, ArcelorMittal Nippon Steel India. We are appreciative of the Andhra Pradesh government’s assistance and pledge to carry out this project responsibly in order to boost the regional economy and establish India as a major center for the world’s steel production.”

AM/NS India is persistently seeking expansion prospects around the nation, expanding its presence and propelling the nation’s infrastructure development. Its main facility at Hazira, Gujarat, is expanding from its present 9 MTPA to 15 MTPA, and this growth is going smoothly. Plans are in the works to establish an integrated steel facility in Odisha, where the corporation already has a sizable presence.

ArcelorMittal and Nippon Steel, two of the top steel production companies in the world, have partnered to become ArcelorMittal Nippon Steel India (AM/NS India). With cutting-edge downstream facilities and an annual crude steel capacity of 9 million tonnes, the firm is one of India’s top integrated flat carbon steel producers. It has a 20 million-ton pellet capacity and produces a wide variety of flat steel products, including value-added steel.