The Andhra Pradesh cabinet chaired by chief minister N Chandrababu Naidu on Thursday approved ArcelorMittal Nippon Steel India Limited’s (AMNSL) proposal to establish a steel plant in Anakapalli district with a production capacity of 17.8 million tonnes per annum in two phases, with an investment of around ₹1.35 lakh crore. Andhra Pradesh chief minister N Chandrababu Naidu chairs a cabinet meeting, at the State Secretariat in Amaravati on Thursday. State Deputy CM Pawan Kalyan is also seen. (ANI) “In the first phase, a steel plant with a production capacity of 7.3 million tonnes per year will be set up with an investment of ₹55,964 crore, and production is targeted to commence by January 2029. This phase is expected to create 20,000 jobs,” state information and public relations minister K Parthasarathy told reporters after the cabinet meeting. He said that the second phase aims to establish an additional steel plant with a production capacity of 10.5 million tonnes per year with an investment of ₹80,000 crore, expected to be completed by 2033, creating 35,000 jobs. Parthasarathy …