The Videocon Group on Tuesday said it would not be able to start the proposed steel and power plants in West Bengal immediately owing to lack of raw material.
The proposed three mt steel plant and 1,200 MW power plant were slated to come up at Jamuria in Burdwan district. The company had signed a memorandum of understanding with the erstwhile Left Front Government in this regard and planned to acquire about 3,000 acres of land.
“Currently, we don’t have coal and iron ore for the proposed plants. The projects are not going to happen (in the near future),” Rajkumar Dhoot, Managing Director of Videocon Industries told presspersons during a press conference organised by Assocham. He is also the President of Assocham.
The company has not received coal linkage for the projects from Coal India, he added.
Dhoot, however, pointed out his company would start acquiring land as soon as it got coal linkage.