Bhubaneswar: Two of the world's leading steel-makers, ArcelorMittal and Posco, had proposed to invest Rs 91,000 crore for setting up mega steel units in Odisha, but their actual investment was negligible even about half a decade after signing MoUs with the state government.
While ArcelorMittal had proposed to invest Rs 40,000 crore on its proposed 12-mtpa greenfield steel mill in Keonjhar distr
The 12 million tonne per annum project, proposed in Orissa and billed as the largest FDI in India, does not encroach forest land and should be given go ahead at the earliest."
Kim Jong-Hoon South Korean trade minister South Korea on Thursday urged India not to "disregard" the importance of the proposed $12 billion Posco steel project, in view of the development it is set to bring in the country b
NEW DELHI: The Central Government on Monday said it would decide next month the fate of captive coal blocks lying idle with 82 companies, including ArcelorMittal, Tata Steel and NTPC, which have been issued notices for not developing them within the stipulated time.
ArcelorMittal, Tata Group & JSW Group Among 1,000 Applicants
P P Thimmaya BANGALORE
The Karnataka government, which recently took steps to restrict the export of iron ore, has received over 1,000 applications including from top steelmakers such as ArcelorMittal India, the Tata Group and the JSW Group, to mine for iron ore in the one of the state's largest resource blocks.
Global steel major ArcelorMittal will build smaller plants, each of three-million tonne capacity, in Jharkhand, Orissa and Karnataka, as per the company
BHUBANESWAR: In tune with its new strategy for India, ArcelorMittal has decided to go ahead with its steel plant project in Orissa in phases of three million tonne capacity each.
With the fate of all the big ticket projects in the State, including Posco
THEY were once held up as the three core projects that would catapult Orissa into the big league and as one of the most favoured business destinations globally.
