ArcelorMittal And Nippon Steel To Invest Rs.1.4 Lakh Crore In AP Steel Plant

The TDP said via Twitter that ArcelorMittal Nippon Steel is set to establish a large-scale steel plant in Andhra Pradesh, with an investment of Rs.1.4 lakh crore. This joint venture between ArcelorMittal and Japan’s Nippon Steel aims to build a steel plant in Anakapalle district. The agreement was finalized during a Zoom call between IT Minister Lokesh and ArcelorMittal’s CEO.