In March 2021, the Gujarat-based ArcelorMittal Nippon Steel India (AM/NS India) had signed a memorandum of understanding (MoU) with the Odisha government for setting the greenfield project in Kendrapara with an investment of Rs 50,000 crore.
The board of Ultratech Cement has approved an investment of Rs 13,000 crores to increase its capacity by an additional 21.9 million tonnes per annum (mtpa) through a combination of brownfield and greenfield projects. Over the past seven years, Ultratech has strategically invested more than INR 50,000 crores to support India's evolving infrastructure landscape.
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The expansion plan will be implemented in a phased manner and in the first phase, a capacity up to 12.2 MTPA would be targeted. It would be scaled up to 20.2 MTPA in the second phase.
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The company said that the copper smelter of 500-kilo tonne per annum (KTPA) will require a footprint of around 1000 acres in proximity to port along with logistics connectivity with conveyor/corridor of rail and road to handle 5 mtpa material movement on both in-bound and out-bound side the EoI statement said.
