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

POSCO, Mittal re-assure to set up steel plants in Orissa

  • Print
  • Mail This Article
  • Comments
  • Add to favorites
  • Ahead of proposed meeting on October 23 to review progress of two mega steel projects involving investment of about Rs one lakh crore, Orissa government claimed on Wednesday that both ArcelorMittal and Posco had re-assured they would go ahead with their projects in the state.

    "Both Mittal and Posco had given written commitment to state government re-assuring implementation of their plan in Orissa", Steel and Mines Secretary, Ashok Dalwai told newsmen.

    Stating that land acquisition for greenfield projects was a problem worldwide, Dalwai said according to law, gram sabha meetings were being held in proposed sites of Mittal and Posco in Keonjhar and Jagatsinghpur districts respectively.

    Asked what prompted the government to seek written assurance from the steel majors, he said they came up with the idea because of confusing media reports on possible pullout from Orissa.

    Ads by Google

    Though both the companies had signed MoUs with the state government for over three years, they had been unable to acquire land for the purpose. While Posco-India signed MoU on June 22, 2005, ArcellotMittal India Ltd inked it to set up a 12mtpa steel mill on December 22, 2006.

    While POSCO project proposed to be set up at an investment of Rs 51,000 crore investent over 4004 acres of land in Jagatsinghpur, the Rs 40,000 crore ArcelorMittal project required 8,000 acres in Keonjhar district.

    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.