ArcelorMittal Nippon Steel’s ₹1.47 Lakh Cr Mega Plant in AP

The ambitious ArcelorMittal Nippon Steel plant proposal in Andhra Pradesh has almost made it past the public engagements, which ended last weekend.

This ₹1.47 lakh crore project will be one of the largest industrial investments made in the State. The project will be executed in two phases, each with a production capacity of 10.5 million tonnes per year combined.

The first phase will come online in January 2029, with a total production of 7.3 million tonnes per year. The second phase will follow, and will deliver a facility of 10.5 million tonnes by 2033.

The plant in question will be in the Bucchirajupeta, Chandanada, DL Puram, Rajayyapeta, and Vempadu lands, producing massive employment opportunities. Government and revenue officials estimate approximately 61,000 jobs resulting from the project.

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An important aspect of the proposal is the use of a captive port for both raw material import and steel exportation. The company sought out a total of 128 hectares of coastal land in order to develop the port.  The port will consist of five berths in phase 1, followed by an additional 12 in phase 2, over a total distance of 3.8 km. Total investment to the port will be ₹11,199 crore, with an expected 8,000 jobs produced.

For the second phase of the steel plant and the port, the state government is preparing to acquire around 4,000 acres. While locals welcomed the project, they demanded fairer compensation and improved facilities for displaced families, emphasizing employment generation as a priority.