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Odisha govt wants ArcelorMittal Nippon to revive dormant Paradip steel plant

Updated : February 17, 2020 06:24 AM IST

The erstwhile promoter of Essar Steel in 2005 had signed an MoU with the Odisha state for building a steel plant in Paradip with a capacity of 3 MTPA, which may require about Rs 12,000 crore investment.
ArcelorMittal Nippon made an initial payment of Rs 42,000 crore for the acquisition of Essar Steel under Insolvency and Bankruptcy Code in December 2019.
Odisha govt wants ArcelorMittal Nippon to revive dormant Paradip steel plant

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