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Global steel giant Arcelor Mittal & Nippon Steel to invest around Rs 2000 crore in Odisha

Bhubaneswar: 13/6/20: Global steel giant ArcelorMittal & Nippon Steel on Saturday expressed its willingness to invest around Rs 2000 crore in Odisha. The CEO of ArcelorMittal group Laxmi Mittal informed about the investment proposal while holding discussions with Odisha Chief Minister Naveen Patnaik via video conferencing today. During the online discussion, Laxmi Mittal informed that his company is planning to expand the pellet plant at Paradip and increase its production capacity from 6 MTPA to 12 MTPA. He further said that expansion of his iron beneficiation facility at Dabuna in Keonjhar from 5 MTPA to 16 MTPA is also on the cards making it a total of investment proposals worth around Rs 2000 crore

.Patnaik advised the steel magnate to add value to the mineral resources procured from Odisha in the State itself so that it will help spur creation of more employment opportunities and enhance the development of the State economy. The office of the Chief Minister will interact with the authorities of the ArcelorMittal so that the proposed projects make the headway very soon.

About Ashok Palit

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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