ArcelorMittal Nippon Steel India has laid the foundation for a ₹70,000 crore integrated steel plant at Anakapalli, marking one of India’s first major greenfield steel investments in nearly a decade. The first phase will deliver 8.2 MTPA capacity, with steelmaking operations targeted to begin by Q1 2029 and subsequent units commissioned in phases.
Backed by ArcelorMittal and Nippon Steel, the project strengthens India’s push toward 300 million tonnes of steel capacity by 2030–31. The coastal location, combined with slurry pipeline connectivity to Odisha’s iron-ore belt, positions the facility among the country’s most cost-competitive plants.
The plant will produce high-quality, value-added steel grades to reduce imports and support infrastructure growth. It is also expected to generate over 100,000 direct and indirect jobs, reinforcing regional industrialisation.
The development builds on AM/NS India’s expansion at Hazira and signals long-term confidence in India’s steel demand, driven by urbanisation, logistics, and large-scale infrastructure investment.
