World’s largest steelmaker ArcelorMittal may set up a solar farm on land alloted to it for a steel plant in Ballari district of Karnataka, in view of excess global steel capacity and delays in securing raw materials. The company had entered into a pact with Karnataka government for setting up …
Dilip Bisoi Bhubaneswar: Orissa will emerge as a major steel hub in the country by 2015-16 with a total production capacity of 35-40 million tonne per annum.
Steel giant ArcelorMittal has deposited Rs 268 crore with the State Government to acquire land for its proposed steel plant in Bellary district, Industries Minister Murugesh Nirani said on Wednesday. ArcelorMittal, which has come up with a project to invest Rs 32,000 crore for setting up a six million tonne …
Dialogue on for a possible collaboration with Korean steel giant Posco Industry should address environment, energy issues KOLKATA: Steel Authority of India Ltd (SAIL) is in talks with Arcelor Mittal and Tata Steel for exploring the possibility of striking a joint venture, SAIL Chairman S. K. Roongta said. He also …
Unperturbed by its rival Posco's joint venture with state-run Steel Authority of India (SAIL), the world's number one steel maker, ArcelorMittal, today said it too was in talks with the public sector company but that it was not in a race.
STUNG by inordinate delays in getting greenfield projects off the ground, global steel majors Posco and ArcelorMittal appear to be shifting gears in their India strategy. The two companies are forging new alliances to widen their footprint and establish a manufacturing presence in the steel turf, while retaining their plans …
A 0.6 MTPA wire rod mill set up by Jindal Steel and Power Limited (JSPL) will be inaugurated by Union steel minister Virbhadra Singh at Patratu on April 24, making it the first steel plant to come up in Jharkhand in the last six years that has seen 50 other …
The government is considering a proposal to make it mandatory for companies like Vedanta Resources and ArcelorMittal to offer shares to those displaced by their future mining projects. But the move is being opposed by the industry. Mining body, the Federation of Indian Mineral Industry (Fimi), described the proposal as …
Expressing serious concern that in the absence of any regulatory legal mechanism, very few Memoranda of Understanding (MoUs) signed by steel companies with mineral-rich states were translating on the ground, the high-level Inter-Ministerial Group has pitched for
The deadliest attack on Indian security forces in four decades of left-wing conflict underscores the challenge companies including ArcelorMittal, Posco and NMDC Ltd face in investing in mineral-rich states. Maoist rebels killed 76 officers in an ambush on Tuesday in Chhattisgarh, where NMDC operates its biggest iron-ore mine. In neighboring …
Stung by the holding up of large steel and iron ore projects by the states and various central agencies, the Union steel ministry has proposed the creation of an empowered national regulator that can single-handedly decide on these projects
Ranchi, April 5: ArcelorMittal has been granted another iron ore mining lease in Jharkhand where the company has proposed to invest over Rs 40,000 crore for setting up a Greenfield steel project. The Union mines ministry has given a much-awaited nod to a proposal sent by the state government awarding …
The central government today said it had granted a licence to ArcelorMittal for prospecting iron ore in the Karampada region of Jharkhand, a move that would boost the steel giant
The Centre has sought certain clarifications from Jharkhand on its recommendation to grant an iron ore mining licence to ArcelorMittal, a move that will further delay the steel giant's Rs 50,000-crore proposed steel plant in the mineral-rich state. "Yes, we have sought some clarifications from Jharkhand on one of its …
Ishita Ayan Dutt / Petarwar (jharkhand) March 29, 2010, 0:16 IST 90% of villagers at new site are willing to swap property for jobs. If you thought the willing land losers
Move proposed on account of land acquisition problems Disappointed over delays in the launch of its Rs 50,000-crore steel project in Jharkhand, global steel giant ArcelorMittal is set to relocate its plant proposed in Khunti-Gumla to Bokaro district in the state, mainly on account of land acquisition problems. The world's …
As Karnataka seeks investments from neighbouring States and countries, it is hoping that the upcoming Global Investors Meet will provide the perfect platform to showcase the State's
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 …
Jaishankar Jayaramiah Bangalore: Even as Orissa keeps dragging its feet over land acquisition for mega steel plant project, the Karnataka government has agreed to grant ArcelorMittal and Posco the required land for setting up steel plants on a 10-year lease. Talking to FE, principal secretary for commerce and industries department …
