VIJAYAWADA: Andhra Pradesh is set to witness a major industrial push as Chief Minister N. Chandrababu Naidu, along with Union Ministers, will lay the foundation stone for the ArcelorMittal Nippon Steel India (AMNS India) project on March 23 at Rajayyapeta in Nakkapalli mandal of Anakapalli district.
The company plans to establish a greenfield integrated steel plant with a capacity of 17.8 million metric tonnes per annum, involving an investment of Rs 1,35,964 crore and expected to generate around one lakh jobs, both directly and indirectly.Spread across 5,465 acres, the project will be executed in two phases — 7.3 million metric tonnes capacity in the first phase and 10.5 million metric tonnes in the second. In addition to the steel plant, AMNS India will set up a captive port with a capacity of 50 million metric tonnes over 316 acres, with an extra investment of Rs 11,198 crore, creating about 6,000 more jobs.
The project is expected to transform the Visakhapatnam Economic Region into a major industrial hub and help meet the rising demand in India’s steel market. The state government is extending full support for its swift execution, including the development of a four-lane road connecting the plant to NH-16.Several dignitaries from the Centre and the state, including Chief Minister Chandrababu Naidu, Union Minister for Steel and Heavy Industries H.D.
Kumaraswamy, Minister of State Bhupathiraju Srinivasa Varma, Deputy Chief Minister Pawan Kalyan, and IT & HR Minister Nara Lokesh, will attend the event. AP Assembly Speaker Chintakayala Ayyannapatrudu, ministers Anitha and T.G. Bharath, and MP C.M. Ramesh will be present as distinguished guests.ArcelorMittal Executive Chairman Lakshmi Mittal and AMNS India Chairman Aditya Mittal are also expected to participate. As per the schedule, Naidu will arrive by helicopter, visit the experience zone, review the plant model, unveil the foundation plaque alongside Union Ministers, and take part in MoU signings before returning to Amaravati.
