1. Home
  2. >

Built to inform

Sign up for the daily newsletters

No, Thank you

ArcelorMittal plans may face delay

The global financial downturn may delay ArcelorMittal’s India plans of setting up two greenfield steel projects with an investment of about Rs80,000 crore.

The LN Mittal-led company planned to set up steel plants of a 12 mt capacity each in Jharkhand and Orissa, for which it had inked MoUs with the state governments.

The company had envisaged commencing the first phase of production at its Jharkhand plant by 2012. In Jharkhand, the company has got mines, but no land as yet. In Orissa it is better placed in terms of land.

Most Popular

Awards

Olympia Group announces to build up 1.1mn sq-ft greenfield it park in Guindy
The project will have a total investment of about Rs 750 crore

Conferences

Vital pre-monsoon building works resume in Maharashtra
The state government has permitted pre-monsoon work by BMC and other agencies

Latest Issue

June 2020
10 Jun 2020