The world’s largest steelmaker ArcelorMittal has renewed its efforts for setting up 12 million tonne per annum (MTPA) green field steel plant in Jharkhand. Company’s Chief Executive Officer (CEO) Sanjay Sharma, who is in-charge of its India and China operations, met Chief Minister Raghubar Das in this regard on Wednesday.
The top official of ArcelorMittal in his meeting with the CM has expressed company’s commitment to go ahead with its investment made in the State and apprised him about his fruitful meetings with Forest and Mining Secretaries along with the progress made so far. Moreover, sources said that the steel major had retuned to the State with new strategies.
Inputs suggest that the company would not pursue for Seregarha coal block in Bokaro district which it was originally allocated to it.
“There were lots of issues relating to statuary clearances and also recent decision of the Centre to go for auction route for the coal blocks is there. We are not eagerly bidding and as far as our steel plant in Jharkhand is concerned coal needs can be met with imported supply. Our total focus here is for iron ore mine of Karampada,” a senior official told The Pioneer requesting anonymity.
ArcelorMittal at an estimated investment of Rs50,000 crore had signed MoU with Jharkhand Government in 2005 for setting up a 12 MTPA (4x3) steel plant.