08-11-2006, 11:59 PM
<!--emo&:bcow--><img src='style_emoticons/<#EMO_DIR#>/b_cowboy.gif' border='0' style='vertical-align:middle' alt='b_cowboy.gif' /><!--endemo--> Jharkhand project alive: Mittal Steel
[ 11 Aug, 2006 2153hrs ISTIANS ]
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KOLKATA: Putting an end to speculation over Mittal Steel's investment plans in India, a top company executive on Friday said it was moving in right earnest to set up greenfield projects both in Jharkhand and Orissa.
"We have shortlisted three probable sites for our 12-million-tonne plant in Jharkhand. We are seriously pursuing the projects in both Jharkhand and Orissa. We will begin work in the state which fulfils our requirements first," Mittal Steel India Chief Executive Officer (Jharkhand project) Sanak Mishra said here.
Out of six probable sites in Jharkhand, the company has shortlisted three - Saraikela, Galudi and Torpa - and a final decision would be taken in four weeks, he said.
Asked about how much land the company required for the project, Mishra said: "We are assessing the land requirement. Roughly, we need about 10,000 acres.
"We are also planning to create a green belt around the plant and put up a residential complex," he said.
Mishra thus sets at rest speculation that it might abandon the Jharkhand project in the wake of its chief, Indian-born London-based steel baron L N Mittal announcing plans for an identical 12 MT project in Orissa in July.
[ 11 Aug, 2006 2153hrs ISTIANS ]
RSS Feeds| SMS NEWS to 8888 for latest updates
KOLKATA: Putting an end to speculation over Mittal Steel's investment plans in India, a top company executive on Friday said it was moving in right earnest to set up greenfield projects both in Jharkhand and Orissa.
"We have shortlisted three probable sites for our 12-million-tonne plant in Jharkhand. We are seriously pursuing the projects in both Jharkhand and Orissa. We will begin work in the state which fulfils our requirements first," Mittal Steel India Chief Executive Officer (Jharkhand project) Sanak Mishra said here.
Out of six probable sites in Jharkhand, the company has shortlisted three - Saraikela, Galudi and Torpa - and a final decision would be taken in four weeks, he said.
Asked about how much land the company required for the project, Mishra said: "We are assessing the land requirement. Roughly, we need about 10,000 acres.
"We are also planning to create a green belt around the plant and put up a residential complex," he said.
Mishra thus sets at rest speculation that it might abandon the Jharkhand project in the wake of its chief, Indian-born London-based steel baron L N Mittal announcing plans for an identical 12 MT project in Orissa in July.