Land acquired for Karnataka plant: Tata Steel

KOLKATA: The Karnataka government has completed land acquisition for Tata Steel and Tata Metaliks integrated project at Haveri district, an official of the company said today.

"The Karnataka government has acquired 2500 acre at Haveri for the integrated plant of Tata Steel and Tata Metaliks," Vice-President Partha Sengupta told reporters here.

He said a 3 million-tonne steel plant would be set up and work would start in two years time.

The entire land was acquired by the government and the company would give compensation to landowners when asked, Sengupta said on the sidelines of Global Investors' Meet, 2012 roadshow of Karnataka industry and tourism ministries.

Sengupta said coal for the plant would be imported while iron ore would be sourced locally.

According to him, the Karnataka government acquired land needed to set up industries.