Steeling the Spotlight: AP Lands ₹1.5 Lakh Cr Mega Project!

Andhra Pradesh Chief Minister N. Chandrababu Naidu is set to lay the foundation stone for ArcelorMittal Nippon Steel India’s (AM/NS India) integrated steel plant at Nakkapalli in Anakapalli district on March 23, 2026, marking a major milestone in the state’s industrial growth journey.

The mega project, with an estimated investment of nearly ₹1.5 lakh crore, will have a planned production capacity of 17.8 million tonnes per annum (MTPA). It is expected to create around one lakh employment opportunities, significantly boosting economic activity and industrial development in the region.

The project will be executed in two phases, with the first phase involving an investment of approximately ₹70,000 crore, according to officials.

News by Rahul Yelligetti.