Secretary Says Move To Help Fast-Track POSCO, ArcelorMittal & Other Projects
Subhash Narayan NEW DELHI
THE steel ministry has sought powers to grant iron ore mining lease to companies in a bid to fast-track steel projects, including those of steel giants POSCO and Arcelor Mittal, stuck for want of assured long-term raw material supplies, and attract foreign investment.
ArcelorMittal India is yet to submit statutory forest and environment clearances for beginning mining of iron ore and manganese in West Singhbhum, Jharkhand. The company in 2005, announced its plans for opening a $10-billion steel plant in Jharkhand.
Indian steel tycoon Lakshmi Mittal will get a 1 billion pound windfall from a European scheme to curb global warming. His company Arcelor Mittal, the world
A delegation of South Korea's Posco, the world's second largest steel producer, is expected to visit Karnataka next week as a follow-up to its intention to set up a multi-billion dollar integrated steel plant in the mineral-rich State.
Govt Plans To Replicate Success Of Similar Scheme in Power Sector To Boost Steel Capacity
THE government plans to unveil an ultra mega steel project scheme on the lines of a similar initiative in the power sector to accelerate the creation of large steel capacity in the country to meet growing demand.
LN MittalArcelorMittal India has sought approval for a six-million tonne steel plant in Karnataka from the single window clearance committee of the state government, over and above the two 12-million tonne greenfield steel plants in Jharkhand and Orissa already in the pipeline.
