Bhubaneswar: Odisha government and AM/NS India (Arcelor Mittal- Nippon Steel) signed an MOU on Wednesday for setting up of a 12 Millon ton integrated steel plant in Kendrapada district with an investment of Rs 50,000 crores.

Odisha chief minister Naveen patnaik and L N Mittal were present at the ceremony here at New Convention Centre of Lokaseva Bhavan.