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Monday, March 23, 2026

Arcelor-Nippon to pump Rs 70k cr in Andhra plant

Lakshmi Mittal has launched his most ambitious greenfield project in India, breaking ground on an 8.2 million-tonne steel plant in Anakapalli, Andhra Pradesh. ArcelorMittal will invest over Rs 70,000 crore in the facility, expected to begin operations by early 2029. This marks a significant renewed push into India for the steel magnate, following earlier unmaterialized greenfield plans.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/MsVPvCq

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