ArcelorMittal Nippon Steel India is awaiting forest and environment clearances to take forward the process to set up a 12 million tonne greenfield steel plant in Odisha, CEO Dilip Oommen has said.
The Gujarat-based company had in March 2021 signed a memorandum of understanding with the Odisha government for setting up the project in Kendrapara at an investment of Rs 50,000 crore.
"We have (already) applied for the necessary approvals (like) forest and environment clearances and waiting for it," Oommen told the Press Trust of India at the Hyderabad Airport in reply to a question on the progress of plans for the proposed plant. When asked by when the company expects to get the clearances, Oommen said, "We have applied, such processes take time."
AMNS India is a 60:40 joint venture of Laxmi Niwas Mittal's Luxembourg-based ArcelorMittal and Nippon Steel of Japan.
In May 2021, AMNS India had informed about initiating a feasibility study for the Odisha project. "The company has initiated -- in coordination with Government of Odisha -- a feasibility study, securing relevant permissions, land acquisition, developing logistics infrastructure and other enabling conditions to plan for the project construction," it had said. The report was submitted to the Odisha government in the December quarter of 2021.
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