Mittal plans 10 mt steel plants each in Jharkhand, Orissa

Mittal plans 10 mt steel plants each in Jharkhand, Orissa
PTI
Comment E-mail Print Share
First Published: Wed, Jul 25 2007. 03 45 PM IST
Updated: Wed, Jul 25 2007. 03 45 PM IST
New Delhi: L N Mittal on 25 July said Arcelor Mittal was committed to setting up 10 million tonne capacity steels plants each in Jharkhand and Orissa, for which the government has assured him the allocation of iron ore mines.
Mittal said he has also got an assurance for allocation of coal mines for setting up captive power plants for the projects.
“Yes we are 100% committed to the two projects,” Mittal told reporters.
Asked about the delays in securing iron ore and coal mines for the project, he said, “this is the first time after Vizag steel plant that such a large investment has been announced... government was not geared up for such large investments and the concessions needed thereof”.
“It has been a learning experience for them and they are now fully committed to supporting these projects,” he said.
Mittal said he is meeting Orissa and Jharkhand chief ministers and is expecting full support from them in allocation of iron ore mines, coal mines and land for the projects.
Asked when the projects are expected to be completed he said, “I don’t know that”.
Comment E-mail Print Share
First Published: Wed, Jul 25 2007. 03 45 PM IST