ArcelorMittal shifts plant to Bokaro

  • 18/03/2010

  • Economic Times (New Delhi)

Drops Plan To Set Up Project In Khunti-Gumla After Tribals Refused To Part With Land ARCELORMITTAL has finally called it quits at Khunti-Gumla in Jharkhand where it had originally decided to set up a 12-mtpa greenfield steel project at an estimated cost of Rs 50,000 crore. The MoU for the same was signed way back in 2005 and the site selected a year later. Unfortunately, the selection of the site ran into rough weather as tribals in the area refused to part with land. The company had come up against a wall of protests, so much so that its representatives couldn