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Ishita Ayan Dutt / Kolkata October 9, 2009, 0:54 IST

Land, and not mines, has emerged as the biggest stumbling block for steel projects, threatening to derail the government

BHUBANESWAR: The drive for industrialisation, launched by the State Government, has suffered a severe jolt with ArcelorMittal threatening to abandon the 12 mt steel plant project, estimated at Rs 40,000 crore, in Keonjhar district.

ArcelorMittal

Dillip Satapathy / Bhubaneswar October 6, 2009, 0:47 IST

Land buy delays prompt steel-maker to search for other sites

L Mittal After a long wait of four years for land in Jharkhand and Orissa, the world

The government has threatened to cancel the coal block alloted jointly to ArcelorMittal and GVK Power in Jharkhand for the inordinate delay in developing the property.

The coal ministry served notices on September 23 to both the companies and sought their replies within 15 days, seeking reasons for the delay in developing the mines allotted for captive use.

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Faced with resistance over land acquisition for its proposed projects in Torpa-Kamdara, steel behemoth ArcelorMittal is exploring possibilities outside Khunti district.

Ranchi/ Jamshedpur: The steel giant ArcelorMittal is all set to do what the Tatas did in Singur. Sources said the company was considering shifting its proposed Rs 40,000 crore greenfield integrated steel plant project from Torpa in Khunti district to another location within the state following stiff resistance by anti-displacement groups.