• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Bhubaneswar, July 26 The Chief Executive of ArcelorMittal, Mr Lakshmi Nivas Mittal, on Thursday said his company’s proposed 12-million tonne per annum capacity steel plant project in Orissa was progressing fast.

After holding a two-hour-long meeting with the Orissa Chief Minister, Mr Naveen Patnaik, here, Mr Mittal observed that his Orissa project was progressing faster than the Jharkhand project.

Mr Mittal told presspersons the State Government assured all support for the project that would be implemented in two phases of six million tonnes each with a total investment of Rs 40,000 crore.

“I am very happy over the progress achieved on the project since signing of the memorandum of understanding with the Orissa Government in December last year and confident that it would come up as planned,” he said.

Mr Mittal informed that the meeting which was attended by top officials of the State Government that discussed all aspects of the proposed plant, including availability of land, iron ore and water. The detailed project report would be ready by the middle of next year, Mr Mittal said.

More Stories on : New Projects | Steel

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Usha Martin turns to captive sources for ‘cost competitiveness’

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line