ArcelorMittal to give DPR for Jharkhand project by 2008 Dec
Targeting to start production by early 2012 ArcelorMittal will submit land feasibility report for its Rs 40,000-crore project in Jharkhand before July.
By PTI |
RANCHI: Targeting to start production by early 2012, world's biggest steelmaker ArcelorMittal will submit land feasibility report for its Rs 40,000-crore project in Jharkhand before July.
"We have set a timeframe for production of steel by the end of 2011 or early 2012," ArcelorMittal Chief Technology Officer Pierre Gugliermina said.
"The land feasibility report would be submitted to the Jharkhand government by June whereas the detailed project report by the end of this year," he said.
He said the company is willing to commence work on the plant as soon as the required land, iron ore and coal mines were allocated by the state government.
Gugliermina is heading the 22-member high-level team formed to finalise the technology to be adopted for the proposed projects in Orissa and Jharkhand.
The company has made it clear that it will require 600 million metric tons of iron ore for its mega plant in the state and was keen on securing ore from the Chiria mines, whose ownership is being battled out by SAIL and the state government in Jharkhand High Court.
Gugliermina, along with ArcelorMittal India CEO Sanak Mishra, toured Torpa-Tamdara, the site for the company's mega steel project in the Khunti district and said the area was chosen to minimise logistic cost.
Pointing out that the company would require about 12,000 acre of land for the greenfield steel plant along with a township and a power plant, the CTO said that ArcelorMittal was averse to acquiring it in bits and pieces.
"We have set a timeframe for production of steel by the end of 2011 or early 2012," ArcelorMittal Chief Technology Officer Pierre Gugliermina said.
"The land feasibility report would be submitted to the Jharkhand government by June whereas the detailed project report by the end of this year," he said.
He said the company is willing to commence work on the plant as soon as the required land, iron ore and coal mines were allocated by the state government.
Gugliermina is heading the 22-member high-level team formed to finalise the technology to be adopted for the proposed projects in Orissa and Jharkhand.
The company has made it clear that it will require 600 million metric tons of iron ore for its mega plant in the state and was keen on securing ore from the Chiria mines, whose ownership is being battled out by SAIL and the state government in Jharkhand High Court.
ADVERTISEMENT
Gugliermina, along with ArcelorMittal India CEO Sanak Mishra, toured Torpa-Tamdara, the site for the company's mega steel project in the Khunti district and said the area was chosen to minimise logistic cost.
Pointing out that the company would require about 12,000 acre of land for the greenfield steel plant along with a township and a power plant, the CTO said that ArcelorMittal was averse to acquiring it in bits and pieces.
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
