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ArcelorMittal SA Requests Memorandum of Understanding for Steel Plant in Keonjhar


Wednesday, 17 Jul 2013 09:36am EDT 

ArcelorMittal SA announced that it has decided not to progress with its planned construction of an integrated steel plant and a captive power plant in the district of Keonjhar. The Company initially planned to construct a 12 million tonne integrated steel plant in Keonjhar and signed a Memorandum of Understanding (MoU) with the Government of Odisha in December 2006. This decision is due to the fact, that the Company has not been able to acquire the requisite land for the steel plant, nor to ensure captive iron ore security. 

Company Quote

9.123
0.332 +3.78%
11:37am EST