ArcelorMittal seeks new sites in India after land delays
Published on Wed, Nov 04, 2009 at 14:35 | Source : Reuters
Updated at Wed, Nov 04, 2009 at 17:00
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ArcelorMittal seeks new sites in India after land delays
ArcelorMittal, the world's largest steelmaker, is looking for alternative sites to set up a steel plant in India, after delays in getting land at existing locations, the chief executive of its Indian operations told reporters.
ArcelorMittal, the world's largest steelmaker, is looking for alternative sites to set up a steel plant in India, after delays in getting land at existing locations, the chief executive of its Indian operations told reporters.
"We are looking at opportunities in India. We may look at alternate sites. It could be within the states," Vijay Bhatnagar said at an industry conference.
The group has faced delays for its USD 20 billion plan to build two large steel plants in the states of Jharkand and Orissa, to give it a presence in one of the few steel markets in the world still seeing demand growth.
Earlier, India's Junior Steel Minister said the southern Karnataka state was one that was offering an alternative site for the company's steel project.
(Reporting by C.J. Kuncheria; editing by Ian Geoghegan)
ArcelorMittal, the world's largest steelmaker, is looking for alternative sites to set up a steel plant in India, after delays in getting land at existing locations, the chief executive of its Indian operations told reporters.
