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Business News/ Companies / ArcelorMittal applies for 11,000 acres in Jharkhand


New Delhi: The world’s largest steel producer, ArcelorMittal, has requisitioned over 11,000 acres of land from the Jharkhand government for setting up its proposed steel plant and resettlement colony in the State.

The move comes within days of the Jharkhand government announcing its much-awaited Rehabilitation and Resettlement Policy.

ArcelorMittal, which has proposed setting up a 12-million tonne integrated steel plant at an investment of Rs40,000 crore, has applied for 8,800 acres for its steel plant and over 2,400 acres for the resettlement colony.

Official sources said nearly 75% of the land requisitioned belongs to private owners spanned across 14 villages, while the rest is owned by the government.

Interestingly, the Lakshmi Mittal-led steel company has managed to skip the entire forest area falling in the vicinity of its proposed project site.

Ranchi-based agency Sigma had surveyed about 20,000 acres in Torpa-Kamdara blocks of Gumla and Khunti districts for ArcelorMittal’s steel plant and resettlement colony.

Of the total land surveyed, ArcelorMittal has zeroed in on over 11,000 acres with the help of its consultant M N Dastur and Co., which has been entrusted with the job of preparing the company’s detailed project report.

ArcelorMittal has roped in Kolkata-based agency Shape to carry out the socio-economic survey of the project site. The survey would help the company assess the exact number of families likely to be displaced by the steel project.

The Centre has already allocated Karampada mines in Jharkhand to ArcelorMittal for meeting iron ore requirements of the proposed steel plant. The mine has an estimated iron ore reserves of 65 million tonnes.

ArcelorMittal’s total iron ore requirement would be pegged at 600 million tonnes over 30 years, once it reaches optimum production capacity of 12 million tonnes.

The steel major was allocated 83.33 million tonnes of steam coal in Jharkhand’s Sereghara block on a sharing basis with companies including GMR.

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Updated: 29 Jul 2008, 04:33 PM IST
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