Friday, July 27, 2007

ArcelorMittal reaffirms commitment to Orissa steel project

- 27 Jul 2007

Mr LN Mittal president & CEO of ArcelorMittal reaffirmed his commitment to set up a 12 million tonne steel project in Orissa during his recent visit of the state.
Mr Mittal after holding discussion with Mr Naveen Patnaik chief minister of Orissa told media that "We have made a detailed review of the proposed project and satisfied over the progress. The Orissa project is making faster progress.”
Mr Mittal added that "We discussed the mining lease, water, land allotment, power and other issues and a lot of work has to be done in this regard. The Orissa chief minister is keen on the Keonjhar project and has assured all support. With the assured support and cooperation of the chief minister, the project would take a highway speed."
He said that the proposed Greenfield venture in mineral rich Keonjhar district with an estimated USD 9 billion would be the first in the world by the ArcelorMittal. Mr Mittal said the detail project report for the plant would be ready by the middle of 2008. It would be set up in two phases of 6 million tonnes each.
Mittal Steel had signed a MoU with the Orissa government in December 2006 to set up the mega steel plant over the next 5 years to 7 years.


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