SEATTLE (Scrap Monster): ArcelorMittal Nippon Steel India (AM/NS India)- the joint venture steel project between Luxembourg-based ArcelorMittal and Japanese Nippon Steel announced commissioning of a new pellet production facility. The plant is being set up at an investment of around INR 1,000 crore.
The 6 million tonnes per annum (MTPA) plant at its Paradip, Odisha facility is the JV’s second pellet plant. The additional plant will double the pellet production capacity at Paradip complex to 12 MTPA, thus boosting its total pelletisation capacity to 20 MTPA. It must be noted that AM/NS India already runs an 8 MTPA pellet production facility at Visakhapatnam in the Southern state of Andhra Pradesh.
The setting up of the pellet plant will support AM/NS India’s long-term plan to have an overall 30 MTPA installed steel production capacity in the country.
According to Dilip Oommen, CEO, AM/NS India, the joint venture considers Odisha as a promising hub for Indian steel production. Reiterating its commitment for continued investments in the state, he noted that it is progressing well on plans to set up a greenfield steel plant. It must be noted that an agreement was signed in the month of March this year towards setting up of an integrated steel plant in Kendrapada dirstict.