- Joined
- May 29, 2009
- Messages
- 14,104
- Likes
- 63,370
ArcelorMittal scraps Rs. 40,000 crore steel project in Odisha: report
ArcelorMittal scraps Rs 40,000 crore steel project in Odisha: report - NDTVProfit.com
ArcelorMittal scraps Rs 40,000 crore steel project in Odisha: report - NDTVProfit.com
A day after South Korean steel maker scrapped its Rs. 30,000 crore steel mill project in Karnataka, (was this news on any channel ?)UK-based steel company ArcelorMittal has said it is scrapping its 12 mn tonnes per year Odisha project. The company had said it would invest Rs. 40,000 crore in the project.
According to reports, Arcelor is exiting the project since it was unable to get the land and mines necessary.
The company will continue with its projects in Jharkhand and Karnataka.
ArcelorMittal had planned to construct the integrated steel plant in Keonjhar and had signed an MoU with the state government in December 2006.