The ArcelorMittal group on Saturday committed to investing ₹2,000 crore on expanding the Odisha-based facilites of Essar Steel, which it acquired last year.
“The company will augment capacity of Paradip Pellet Plant from 6 million tonne per annum to 12 MTPA while capacity of beneficiation plant in Dabuna will be increased from 5 MTPA to 16 MTPA,” Odisha Chief Minister Naveen Patnaik’s office said in a release, following a video conference held by Mr. Patnaik with ArcelorMittal group Chairman and CEO Lakshmi Niwas Mittal to discuss the steel maker’s investment plans.
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