DJ reported that Indian plans for steel capacity addition in India would get delayed.

Mr Atul Chaturvedi steel secretary told Dow Jones Newswires that that delays in land acquisition for two projects of TATA Steel and Essar Steel in the eastern state of Orissa will result in India missing its target to nearly double steel output capacity to 124 million tonnes by December 2012.

He said that "At best, our steel capacity will be 115 million tonnes by December 2012, while the rest 9 million tonnes may be staggered over the next six months to one year.”

(Sourced from Dow Jones)