BS reported that ArcelorMittal has clarified that it has not deferred its Orissa plan of setting up a 12 million tonne green field steel plant at Patna in Keonjhar district by two years as speculated in different circles.
As per report, ArcelorMittal has requested the state government to expedite the processing of its application for issue of prospecting license over patches of iron ore bearing area in Keonjhar-Sundergarh belt and has assured that it would submit the detailed project report for the INR 40,000 crore steel projects soon.
Mr Ashok Dalwai secretary, steel and mines department of the Orissa government said “ArcelorMittal has reaffirmed its commitment to the Orissa project and thanked the state government for its support.
Mr Sanak Mishra CEO of Greenfield projects (India) of ArcelorMittal admitted that the progress of the project has been slower than expected due to various procedural reasons. However he added that “The company has requested the state government to proceed with the land acquisition process and approve all formalities. This include issuing notification under 4 (1), 6 (1) and 7 (1) for 8 villages where Gram Sabhas have been conducted successfully.”
Similarly, it has urged the Orissa government to start the formalities for conducting Gram Sabha in the rest villages within the site area. It may be noted, out of the 15 villages where Gram Sabhas are required to be held, the process has been completed in 8 villages and steps are being taken for issue of notification under 4 (1) and 6 (1) of the Land Acquisition Act in these villages. The company requires 7800 acres for its Orissa project.
Sources said, the government has initiated steps for the formation of a JV between the state owned Orissa Mining Corporation and ArcelorMittal for supply of iron ore to the project till it is allotted captive mines. The company had earlier applied to the government for such a joint venture mechanism with OMC. The proposal will be sent to the finance and law department for vetting before the JV is formed.
The company signed a memorandum of understanding with the Orissa government for setting up of a 12 million tonne steel plant at Patna tehsil in Keonjhar district. But the project has not made any progress with the company not filing its DPR yet and the locals opposing the land acquisition process.
(Sourced from http://www.steelguru.com/news/index/2009/10/23/MTE3MTQ3/Orissa_steel_project_not_deferred_-_ArcelorMittal.html)
Thursday, October 22, 2009
Orissa steel project not deferred - ArcelorMittal
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