You are here: Home » Companies » News
Business Standard

ArcelorMittal among three steel firms to back out of Odisha projects

Eleven others have not yet started work for setting up steel plants

Press Trust of India  |  Bhubaneswar 

steel

Altogether three that had signed MoUs with the government for setting up steel plants have withdrawn their projects from the state, the Assembly was informed today.

Eleven others have not yet started work for setting up steel plants, steel and mines minister Prafulla Mallick told the Assembly.



Stating that work on 35 other steel plants were in different stages of production, the minister told the House that the state government had signed MoUs with 49 for setting up steel plants.

Replying to a question, the minister said ArcelorMittal, and Company have withdrawn their projects from the state.

While ArcellorMittal had signed a MoU with the state government to set up a mega greenfield steel plant in Keonjhar district, Maharastra Seamless had proposed to set up a steel plant at Duburi in Jajpur district. Company Limited had also proposed to set up a steel plant at Palaspanga in Keonjhar district, the minister said.

On the project, the minister said the South Korean steel major had declined to pay its dues for land to the Industrial Infrastructure Development Corporation (Idco) and had not utilised the land allotted to it within the stipulated period.

The 11 that have not begun work were Artha Mines, Posco, Pradhan Steel and Power, Konark Ispat, Deo Mines and Mineral, Monnet Ispat and Energy, SSL Energy, Tecton Ispat, (Uttam Utkal Steel), and Welspun Power and Steel, the minister said.

RECOMMENDED FOR YOU

ArcelorMittal among three steel firms to back out of Odisha projects

Eleven others have not yet started work for setting up steel plants

Eleven others have not yet started work for setting up steel plants Altogether three that had signed MoUs with the government for setting up steel plants have withdrawn their projects from the state, the Assembly was informed today.

Eleven others have not yet started work for setting up steel plants, steel and mines minister Prafulla Mallick told the Assembly.

Stating that work on 35 other steel plants were in different stages of production, the minister told the House that the state government had signed MoUs with 49 for setting up steel plants.

Replying to a question, the minister said ArcelorMittal, and Company have withdrawn their projects from the state.

While ArcellorMittal had signed a MoU with the state government to set up a mega greenfield steel plant in Keonjhar district, Maharastra Seamless had proposed to set up a steel plant at Duburi in Jajpur district. Company Limited had also proposed to set up a steel plant at Palaspanga in Keonjhar district, the minister said.

On the project, the minister said the South Korean steel major had declined to pay its dues for land to the Industrial Infrastructure Development Corporation (Idco) and had not utilised the land allotted to it within the stipulated period.

The 11 that have not begun work were Artha Mines, Posco, Pradhan Steel and Power, Konark Ispat, Deo Mines and Mineral, Monnet Ispat and Energy, SSL Energy, Tecton Ispat, (Uttam Utkal Steel), and Welspun Power and Steel, the minister said.
image
Business Standard
177 22

ArcelorMittal among three steel firms to back out of Odisha projects

Eleven others have not yet started work for setting up steel plants

Altogether three that had signed MoUs with the government for setting up steel plants have withdrawn their projects from the state, the Assembly was informed today.

Eleven others have not yet started work for setting up steel plants, steel and mines minister Prafulla Mallick told the Assembly.

Stating that work on 35 other steel plants were in different stages of production, the minister told the House that the state government had signed MoUs with 49 for setting up steel plants.

Replying to a question, the minister said ArcelorMittal, and Company have withdrawn their projects from the state.

While ArcellorMittal had signed a MoU with the state government to set up a mega greenfield steel plant in Keonjhar district, Maharastra Seamless had proposed to set up a steel plant at Duburi in Jajpur district. Company Limited had also proposed to set up a steel plant at Palaspanga in Keonjhar district, the minister said.

On the project, the minister said the South Korean steel major had declined to pay its dues for land to the Industrial Infrastructure Development Corporation (Idco) and had not utilised the land allotted to it within the stipulated period.

The 11 that have not begun work were Artha Mines, Posco, Pradhan Steel and Power, Konark Ispat, Deo Mines and Mineral, Monnet Ispat and Energy, SSL Energy, Tecton Ispat, (Uttam Utkal Steel), and Welspun Power and Steel, the minister said.

image
Business Standard
177 22