Bhubaneswar, Mar 4: An MoU was signed today between Odisha government and ArcelorMittal Nippon Steel India Ltd (AM/NS India) to set up a 12 million ton integrated steel plant in Kendrapara district with an investment of Rs 50,000 crore.

The MoU was signed in presence of Chief Minister Naveen Patnaik and L N Mittal here at Lokaseva Bhawan.