H D Kumaraswamy holds discussions with Andhra Pradesh delegation on setting up ArcelorMittal Nippon steel plant

New Delhi: Union Minister for Heavy Industries and Steel H D Kumaraswamy held a meeting with a delegation from Andhra Pradesh at the Ministry of Steel office here to discuss the establishment of a new steel plant by ArcelorMittal Nippon Steel Corporation in the state. 

The meeting was attended by Andhra Pradesh Industries Minister T G Bharat, senior state officials, Amitava Mukherjee, Chairman and Managing Director of NMDC, and Dilip Oommen, CEO of ArcelorMittal Nippon Steel Corporation. Discussions revolved around the establishment of the new steel plant, said the minister. 

“Promoting new investments in the steel sector is essential for achieving self-reliance in domestic steel production, reducing dependence on imported steel, and realizing Prime Minister Narendra Modi’s vision of producing 300 million tonnes of steel annually by 2030. In line with this vision, ArcelorMittal Nippon Steel Corporation has stepped forward to invest in Andhra Pradesh, and the central government has responded positively,” said H D Kumaraswamy.  

The meeting covered several critical aspects, including the scale of capital investment, job creation, and steel production capacity. The minister also sought additional inputs from senior officials, a statement said. 

Kumaraswamy mentioned that he had previously held multiple discussions with Andhra Pradesh Chief Minister Chandrababu Naidu regarding the new steel plant. ArcelorMittal Nippon Steel Corporation has proposed constructing an integrated steel plant with an annual production capacity of 17.8 million tonnes in the Anakapalli district of Andhra Pradesh, the statement said.