Bhubaneswar (PTI) : ArcelorMittal Group is planning to invest Rs 2,000 crore in Odisha, its Group Chairman and CEO LN Mittal said on June 13. Mittal said this while interacting with Odisha Chief Minister Naveen Patnaik through a video conference.
“We already have a Rs 2,000 crore investment plan in Odisha which is already going on with support of your administration, your people and your guidance.
“You have a great experience and you have managed the COVID crisis very well which is a good news,” Mittal told Patnaik during the interaction.
Mittal also said that of these two mines, one mine the company has already got through auction, which was organised in a very transparent manner.
Patnaik assured Mittal of all support from the state government. He said the Chief Ministers Office will interact with the ArcelorMittal office so that your (Mittals) project gets headway very soon.
The chief minister also advised the steel magnate to add value to the mineral resources procured from Odisha in the state itself so that it will help creation of employment opportunities and enhance the development of the state economy.
Meanwhile, a statement released by the Chief Ministers Office said that the company is planning to expand its pellet plant at Paradip and increase its production capacity from 6 MTPA to 12MTPA.
The company is also planning expansion of its iron beneficiation plant at Baduna in Keonjhar district from 5 MTPA to 16 MTPA.