ArcelorMittal said it has approached the Karnataka government for setting up a steel plant in the state, even as its proposed Rs 1-lakh-crore steel projects in Jharkhand and Orissa have failed to take off amid problems in acquiring land and regulatory bottlenecks.

"ArcelorMittal India has applied for approval of its proposed steel plant in Karnataka to the single window clearance committee of the state Government," the company said in a statement.

However, the NRI billionaire LN Mittal-led company maintained that "setting up an integrated plant in the state would depend on a host of techno-economic factors.

"We would disclose more details on cost, capacity, timeline etc once the technical studies are completed in about three to four months," the source added.

Sources said that the world's largest steel maker is planning to set up a 6-million tonne per annum steel plant in the Southern state involving an estimated investment of Rs 30,000 crore. The company approached the Karnataka government committee with the proposal on Saturday.

The company has been facing problems in acquiring land besides "regulatory hurdles" for setting its 12-MTPA steel plants involving Rs 1-lakh crore investment, one each in Jharkhand and Orissa, and had said that options were open with the company to shift the sites of the proposed plants.