The world''s largest steel maker Mittal Steel is expected
to sign an agreement with the Orissa government for setting
up a steel plant at an investment of Rs32,200 crore ($7
billion), within the next two months.
MoU would be through once Mittal Steel acquires 3,000
acres of land it has sought from the state government,"
Orissa minister for steel and mines Padmanabha Behara
said, adding that Mittal Steel is likely to use the upcoming
port in Gopalpur being built by the Orissa government.
tycoon L N Mittal had in July said that his company would
set up a 12-million tonne steel plant in Orissa.
Orissa government had identified Khallikot in Ganjam,
Basudevpur in Bhadrak, Balgopalpur in Balasore and Patna
in Keonjhar among seven possible sites for an Arcelor
Mittal expert team
to speed up the project.
is assisting the global steel giant to select a site for