Sign In / Register
Make This My Home Page | Feedback |RSS
You are here: IE »   Story

ArcelorMittal, Posco pulled up for delays in Orissa projects

  • Print
  • Mail This Article
  • Comments
  • Add to favorites
  • ArcelorMittal, was on Friday pulled up by the Orissa government for the inordinate delay in its proposed projects in the state. The world’s largest steel maker had proposed to set up a 12 MTPA capacity Greenfield steel plant in Keonjhar district in the state at an investment of Rs 40,000 crore. The company is yet to conduct a socio-economic survey in the area to identify the people who are going to be displaced due to the mega project. “The company is yet to submit the Detailed Project Report and the Environment Impact Assessment,” said an industry department note. Of the proposed investment of Rs 40,000 crore, the company was found to have invested only Rs 25 crore. The government pulled up ArcelorMittal officials, questioning its “actual intentions”.

    A high-level review, conducted by state industries and steel and mines minister Raghunath Mohanty and two senior bureaucrats, has revealed that of 14 mega-industrial projects that have been in the pipeline for the past 3-4 years, barring a handful, almost every project has missed its deadline.

    Ads by Google

    Korean steel major Posco has acquired a mere 506 acres of the required 6,000 acres for its proposed 12 MT steel plant in Orissa’s Jagatsinghpur district. Tata Steel and Sterlite — allocated 3,040 and 3,400 acres respectively — have not taken possession of a single inch of land. Only Vedanta Alumina Refinery at Lanjigarh and Jindal and Steel Power Limited at Angul were found to have completed their projects.

    Comments
    Post comment

    Be the first to comment.

    Post a Comment
    Name:
    Email:
    Title:
    Maximum characters allowed     
    Comment:
    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.