Calcutta, Feb. 8: Sajjan Jindal today provided steam to the proposed Salboni steel project that could bring Bengal its biggest private investment yet, but hived off a power plant from its original plan.

His company now plans to build the power plant near its coal reserves in Burdwan

SAJJAN Jindal

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.

ArcelorMittal, the world

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.

In a move that is likely to hit the miners hard, the Steel Ministry has asked the government to heavily disincentivise iron ore exports. If the ministry has its way then the Finance Ministry could double the export duty on high-grade ore (to 20 per cent) in the coming Budget.

BHUBANESWAR: The JSL Limited today signed a memorandum of understanding (MoU) with the State Government for setting up a steel park at Kalinga Nagar in Jajpur district with an investment of Rs 704 crore.

A major fire broke out at the Bhilai Steel Plant (BSP) in the wee hours today, severely hitting the hot metal production at the flagship entity of the Steel Authority of India Ltd (SAIL).

Unfazed by ArcelorMittal