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 …
J. Balaji NEW DELHI: Karnataka Chief Minister B.S. Yeddyurappa and steel giant Lakshmi Mittal held a meeting here on Thursday to discuss about the latter
Two steel giants, ArcelorMittal and POSCO, were granted the green signal on Tuesday, with the High Level Clearance Committee headed by Chief Minister B S Yeddyurappa according an in-principle approval for implementing their mega steel manufacturing projects. Chief Minister B S Yeddyurappa with ministers Umesh Katti, Murgesh Nirani, Katta Subramanya …
Secretary Says Move To Help Fast-Track POSCO, ArcelorMittal & Other Projects Subhash Narayan NEW DELHI THE steel ministry has sought powers to grant iron ore mining lease to companies in a bid to fast-track steel projects, including those of steel giants POSCO and Arcelor Mittal, stuck for want of assured …
MK VENU, KG Narendranath New Delhi: Steel minister Virbhadra Singh has advised the promoters of ArcelorMittal and Posco to offer annuities (long-term income stream) to the indigenous people who will need to be rehabilitated from the steel majors
ArcelorMittal India is yet to submit statutory forest and environment clearances for beginning mining of iron ore and manganese in West Singhbhum, Jharkhand. The company in 2005, announced its plans for opening a $10-billion steel plant in Jharkhand. However, after little progress since 2005, ArcelorMittal announced last month that it …
Indian steel tycoon Lakshmi Mittal will get a 1 billion pound windfall from a European scheme to curb global warming. His company Arcelor Mittal, the world
A delegation of South Korea's Posco, the world's second largest steel producer, is expected to visit Karnataka next week as a follow-up to its intention to set up a multi-billion dollar integrated steel plant in the mineral-rich State. "Intent (by Posco on setting up of the plant) has already been …
Govt Plans To Replicate Success Of Similar Scheme in Power Sector To Boost Steel Capacity THE government plans to unveil an ultra mega steel project scheme on the lines of a similar initiative in the power sector to accelerate the creation of large steel capacity in the country to meet …
State Expects Major Employment Boost From Steel Plant, Works Out Incentives For Co KARNATAKA CM BS Yeddyurappa is likely to chair a meeting with ArcelorMittal on October 27, to take forward the latter
Investment likely to be Rs 30,000 crore. LN MittalArcelorMittal India has sought approval for a six-million tonne steel plant in Karnataka from the single window clearance committee of the state government, over and above the two 12-million tonne greenfield steel plants in Jharkhand and Orissa already in the pipeline. Sources …
BHUBANESWAR: The State Government is contemplating to set up a special economic zone (SEZ) at Gopalpur in Ganjam district to create employment opportunities for 30,000 youths. Official sources said that the SEZ would boost the chances of industrialisation of the district. The district has not attracted many investors though the …
Global steel major ArcelorMittal, which has lined up Rs 1 lakh crore investments for India, said today it is in the race for a chunk of the mineral-rich Chiria mines in Jharkhand.
THE government is exploring the option of creating a fund through contribution from steel companies, the annuity from which would help meet the livelihood requirement of those affected by projects. The government hopes that through this measure it would be able to acquire land more easily for steel projects while …
BHUBANESWAR: Minister for Steel and Mines Raghunath Mohanty reiterated that ArcelorMittal has assured the State Government that the company will establish the proposed steel plant in Keonjhar district. Doubts were expressed about the company going ahead with the project because of land acquisition problems. There were reports that the company …
