ArcelorMittal Nippon Steel starts buying land to build plant in Andhra

ArcelorMittal Nippon Steel India has started acquiring land in Rajayapeta, Andhra Pradesh for a new 17.8 million tonne steel plant. The project, costing ₹1.40 lakh crore, will begin with an initial capacity of 7.3 million tonne, funded by ₹80,000 crore. This is the first major greenfield steel plant in India since 2016.