SAIL inaugurates Representative Office in Dubai (See 'Corp Brief') Union Minister releases Aluminium Vision Document to drive Green Manufacturing (See 'Corp Brief') Reddy releases Copper Vision Document to strengthen India's Clean Energy Infra (See 'Corp Brief') Chouhan visits SKUAST-K Horticulture Gardens (See 'Corp Brief') 'Handloom Hackathon 2025' launched (See 'Corp Brief') MSME Minister visits KVIC in Mumbai (See 'Corp Brief') Construction of roads to begin soon under Phase IV of PMGSY: Chouhan (See 'Corp Brief') IPR - Permanent injunction issued against Defendant, prohibiting him from using 'VIVO' mark or any similar marks that could cause confusion and prevent any misrepresentation: HC (See 'Legal Desk') SAKSHAM-3000 switch cum router with 25.6 Tera bit per second launched (See 'Corp Brief') APEDA organizes 'Indian Mango Mania 2025' in Abu Dhabi (See 'Corp Brief') IPR - Superlative injunction opens up additional route for plaintiffs to avail grant of real-time reliefs against infringing activities of 'rogue' defendants, irrespective of mode thereof: HC (See 'Legal Desk') Need of strengthening SHG-led FNHW interventions Stressed (See 'Corp Brief') Santosh Kumar Takhele takes addl charge as Regional Executive Director, NTPC (See 'Corp Brief') IPR - Franchise India can't be allowed to pass off their products as that of Rasna's, since it may confuse members of trade and also of general public involved: HC (See 'Legal Desk') Scindia interacts with Postal and Sorting Assistants for spirit of 'Dak Sewa, Jan Sewa' (See 'Corp Brief') ESIC launches SPREE 2025 to expand Social Security Coverage (See 'Corp Brief') FERA - No penalty can be levied if therre is no default in realization of export proceeds: SAFEMA (See 'Legal Desk') CCI again penalises Federation of Publishers' and Booksellers' Association (See 'Corp Brief') CCI approves acquisition of equity in NACL Industries by Coromandel International (See 'Corp Brief') Hardeep Puri highlights LPG Connections and Oil & Gas Reforms (See 'Corp Brief') Arbitration and Conciliation Act 1996 - 613-day delay in filing appeal can be condoned where no valid explanation is given for this inordinate delay: HC (See 'Legal Desk') CCI nod for investment by British International in ReNew Photovoltaics (See 'Corp Brief') CCI okays acquisition of shares of Billionbrains Garage Ventures by Viggo Investment (See 'Corp Brief') IBC - Request for timeline for disbursal of claim in form of query, rather than request for information u/s 2(f) of RTI Act, is not permitted: IBBI (See 'Legal Desk') Pondicherry Univ launches Governance Cell to inspire Next-Gen Public Leaders (See 'Corp Brief') MoS discusses Coastal Action Plan, Deep Ocean Prospects in Puducherry (See 'Corp Brief') IPR - Controller of Patents must clearly specify in hearing notice 'known substance' against which claimed invention of applicant is being assessed: HC (See 'Legal Desk') MoU signed to develop MY Bharat 2.0 Platform (See 'Corp Brief') 8th National Level Steering Committee meeting of Atal Bhujal Yojana held (See 'Corp Brief') SARFAESI - If borrowers have already availed remedy u/s 17 and secured creditor has no other alternative remedy, then creditor can avail remedy of petition under Article 227: HC (See 'Legal Desk') Centre issues Model Rules to States to aid Ease of Doing Business in Agroforestry (See 'Corp Brief') We have to make cycling trend in this modern generation: Mandaviya (See 'Corp Brief') Arbitration & Conciliation Act - Commercial Court not justified in refusing to release 25% of arbitral award to petitioner-company solely due to its change of name: HC (See 'Legal Desk') Sonowal hails Brahma Kumaris for 50 years of spiritual service and human upliftment (See 'Corp Brief') CEA organises All-India Electrical Safety awareness programme (See 'Corp Brief') SEBI - Delay in filing appeal not condonable where facts reflect that appellant was clearly aware of proceedings commenced by SEBI but did not prosecute appeal: SAT (See 'Legal Desk') Why Family Businesses in India Are Losing Their Own Bloodline (See CORP EINSICHT)

ArcelorMittal Nippon Steel India to set up Rs 50,000Cr steel plant in Odisha

Published: Mar 05, 2021

By TIOLCORPLAWS News Service

BHUBANESWAR, MAR 05, 2021: STEELMAKER ArcelorMittal Nippon Steel India (AM/NS India) on Thursday inked a deal with the Odisha government for setting up a 12 million tonne integrated steel plant in the Kendrapapda district of the State with an investment of Rs. 50,000 crore.

Chief Minister Mr Naveen Patnaik and steel tycoon Mr Lakshmi Niwas Mittal were present during the signing of the Memorandum of Understanding (MoU) for the mega investment project.

AM/NS India is one of the largest steel makers in the world, combining the financial might of the LN Mittal Group and the technological prowess of Japan's Nippon Steel.

Minister of Steel Mr Dharmendra Pradhan extended his congratulations to the signatories of the MoU.

"This mega steel plant in Kendrapada will bring a new wave of economic development and employment generation in Odisha and will give boost to Prime Minister Mr Narendra Modi's vision of Purvodaya and Aatmanirbhar Bharat [self-reliant India]," said the minister.

The development comes days after Mr Pradhan discussed several issues, including the developments in eastern India, with Mr Mittal and the group's CEO Mr Aditya Mittal.

The upcoming steel plant will benefit from massive infrastructure developments in the region over the past six years, such as the expansion of Paradip port and setting up of Mahanadi riverine port, key freight and passenger rail corridors such as the Paradip-Haridaspur new line, and fast-track construction of highways, said the Ministry of Steel.

TIOL CORP SEARCH

TIOL GROUP WEBSITES