NEW DELHI (Reuters) – India’s eastern state of Odisha on Thursday approved ArcelorMittal Nippon Steel India’s $4.68 billion steel plant project, a government statement said.
The plant, to be built by the joint venture between ArcelorMittal SA and Nippon Steel Corp, will have annual production capacity of 7 million tonnes, Odisha’s government said.
“(The project) is expected to churn employment opportunities for more than 11,000 people in the state,” the statement said.
($1 = 81.2420 Indian rupees)
(Reporting by Shivam Patel and Jatindra Dash; Editing by David Goodman)
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