ArcelorMittal allotted 7,750 acres for Orissa steel project; company wins licence in Egypt

Mumbai: The Orissa government has allotted ArcelorMittal, the world's largest steel producer, 7,750 acres of land to build a steel project in the state. The company also secured a licence to build a steel mill in Egypt.

Arcelor Mittal India said it has got provisional approval from the Orissa government to acquire 7,750 acres of land to set up a 12-million-tonne steel plant and a township in the state.

"We will set up a plant on 6,000 acres of land while 1,000 acres would be used to set up a power plant. The township will be established over the remaining 750 acres," Arcelor Mittal India CEO Sanak Mishra said in Mumbai.

The state government has earmarked 6,000 acres for the 12-million tonnes steel plant and a further 1,000 acres for a 1,500-megawatt power plant, Mishra, said.

The company is also planning to set up a 1,500 MW coal-fired thermal power plant along with the project.

The company has already got a coal mine on lease with a total reserve of 650 million tonnes along with four other entities.