The plant, to be built by the joint venture between ArcelorMittal SA and Nippon Steel Corp, will have annual production capacity of 7 million tonnes, Odisha's government said.
"(The project) is expected to churn employment opportunities for more than 11,000 people in the state," the statement said.
($1 = 81.2420 Indian rupees)
(Reporting by Shivam Patel and Jatindra Dash; Editing by David Goodman)