Tue Jan 21 12:31:40 IST 2025: ## Andhra Pradesh Secures Massive Steel Investment

**Vijayawada, January 21, 2025** – Andhra Pradesh Chief Minister N. Chandrababu Naidu announced a landmark investment in the state’s economy following a meeting with ArcelorMittal executives at the Davos summit. ArcelorMittal/Nippon Steel will invest ₹1.4 lakh crore (approximately $17 billion USD) in a new 17.8-million-ton integrated steel project in Anakapalli. This greenfield project is touted as one of the largest of its kind in recent history. The announcement was made via a post on X (formerly Twitter) by Mr. Naidu.

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