Arcelor gets nod for land acquisitions in Orissa

Agencies
Posted: 2008-02-11 15:20:14+05:30 IST
Updated: Feb 11, 2008 at 1538 hrs IST

Font Size

Feedback

Discuss

Corus to bring down production by 35%Corus to bring down production by 35%Corus to bring down production by 35%Essar Steel Holdings to invest $4 bn in N America

Steel major Arcelor Mittal India on Monday said it has got provisional approval from the Orissa government to acquire 7,750 acres of land to set up a 12-million-ton steel plant and a township in the state.

“We will set up a plant on 6,000 acres of land while 1,000 acres would be used to set up a power plant. The township will be established over the remaining 750 acres,” Arcelor Mittal India Chief Executive Officer (CEO) Sanak Mishra said in Mumbai.

The company is planning to put up a 12-million ton per annum plant in Orissa along with a 1,500 MW thermal power plant.

To fuel the power plant, the company has got a coal mine on lease with a total reserve of 650 million tons along with four other entities.

The company is also on a look-out for additional land to rehabilitate those people who might need to be relocated from the plant site, Mishra said.

Post Comments

Comments: (Limit 3,000 characters)

Name		Message
Email ID
Subject

TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).

I agree to the terms of use.

Latest News

Print Edition

Events

Arcelor gets nod for land acquisitions in Orissa

Post Comments