Andhra Cabinet approves Rs 1.35 lakh cr ArcelorMittal Nippon steel plant

The Andhra Pradesh Cabinet has approved a proposal for the establishment of a 17.8-million-tonne ArcelorMittal Nippon Steel India (AM/NS India) steel plant worth Rs 1.35 lakh crore. The project will be executed in two phases, generating employment for 20,000 people by 2029. The Cabinet also sanctioned multiple measures to support Vizag Steel Plant and promote the hospitality sector.