Intensifying its efforts to secure a global footprint, state-run mineral giant National Mineral Development Corporation (NMDC) is understood to have signed a confidentiality agreement with ArcelorMittal for jointly developing the latter
SUMITOMO Metal and Bhushan Steel, which had recently agreed to build a steel project jointly in West Bengal, are now understood to be looking at Karnataka as a second destination, as the southern state is increasingly seen as being easier to operate compared to other traditional steelmaking states.
Karnataka will set in motion today the process of acquiring 4,800 acres in Bellary for the mega steel plant being set up by ArcelorMittal, a top official said.
BANGALORE: The Karnataka government on Friday issued the preliminary notification to acquire 4,800 acres of land in Kudutini in Bellary district for a six-million-tonne steel plant worth Rs. 30,000 crore to be set up by the global giant ArcelorMittal.
Bangalore: A team of officials from South Korean steel major Posco would visit Karnataka in mid-February to appraise the land parcels available in the state in order to set up their proposed integrated steel plant, a top Karnataka government official said.
STEEL giant ArcelorMittal, after facing stiff resistance at Khunti-Gumla area of Jharkhand for the proposed 12 mtpa greenfield project, is now contemplating to shift its site to some other location.
SCOTCHING all rumours, ArcelorMittal on Friday made it clear that it had no plans to abandon or scale down its multi-billion dollar Jharkhand and Orissa steel ventures, which have been hanging fire for months.
