Arcelor Mittal to set up two 10-million-tonne steel plants in Orissa, Jharkhand

25 July 2007

Mumbai: Arcelor Mittal is looking to build two steel plants of 10 million tonne capacity each in Orissa and Jharkhand, its president and chief executive Lakshmi Mittal said.

"We have appointed consultants for the projects. Once the detailed feasibility report is ready, we will decide the capacity," Mittal said.

"Today we want infrastructure for 10 million tonnes capacity each." Earlier, he said the steel plants would need 600 million tonnes of coal reserves each.

The steel plants that Arcelor Mittal plans to build in India will each need 600 million tonnes of coal, Mittal said.

Mittal said he would meet the chief ministers of the two states to discuss issues like allotment of land and coal mining rights.

"I see the progress is excellent," he said.