Delhi: Lakshmi Mittal, CEO, Arcelor Mittal, has indicated
an interest in putting up greenfield investments in Jharkand
and Orissa each.
2005 Mittal had signed an initial agreement with the Jharkhand
government to build a $9-billion steel plant, which seems
stuck due to his company''s inability to secure a captive
iron ore mine since state-owned steel maker, Steel Authority
of India Ltd., is also interested in the Jharkhand mines
Arcelor Mittal is seeking.
has also cleared a separate investment proposal from Mittal
for a Rs400-billion project in the mineral-rich Keonjhar
region, prompting speculation that Mittal would opt out
of one proposal.
however, clarified in New Delhi yesterday that his strategy
for India was to start greenfield projects. On whether
he would opt for Orissa or Jharkhand he said, "It
could be both. We don''t know. We have got the land, the
mines identified. But there is a lot of work to be done,"
he told reporters.