ArcelorMittal shifts plant to Bokaro
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18/03/2010
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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