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An expert committee of the Union Ministry for Environment, Forest and Climate Change has recommended environmental clearance for Greenfield land worth Rs 1.5 lakh crore for ArcelorMittal Nippon Steel’s (AM/NS) plant in Anakapalli, Andhra Pradesh.
The AM/NS plant will be developed over multiple phases, with the first phase targeting an 8.2 million tons per annum (MTPA) integrated steel capacity and the ultimate expansion planned to reach 24 MTPA.
“We are all very impressed with the speed with which the Andhra Pradesh government allotted land to us, handed it over and supported us in obtaining the resource linkages and permits required to set up this world-class project. Our vision is to create not just a steel plant but a hub for innovation, sustainability and new employment in India’s steel sector,’’ ArcelorMittal CEO Aditya Mittal said in a statement on November 1.
This project is a reflection of what Andhra Pradesh represents today — speed, transparency and efficiency in governance,” Andhra IT minister Nara Lokesh said. The foundation stone for the AM/NS plant will be laid during the CII Partnership Summit (November 14 and 15) in Visakhapatnam.
According to an Economic Times report, the deal was finalised between Nara Lokesh and Aditya Mittal in November 2024. ArcelorMittal had been scouting for locations to set up their steel manufacturing plant in coastal states like Andhra Pradesh and Odisha. Aditya Mittal chose Andhra Pradesh after a meeting with Nara Lokesh.