IANS reported that the foundation stone laying ceremony of JSW Steel Limited proposed 10 million tonnes steel plant in Salboni in West Bengal will be held November 2nd as scheduled.

Mr Biswadip Gupta MD of JSW Steel said that “The Bengal project is right on track and we are sticking to our earlier announced schedule. It is our expansion project at Bellary that might get delayed following recent developments in the financial markets.”

Mr Gupta said that “Mr Pranab Mukherjee External Affairs minister and Mr Buddhadeb Bhattacharjee CM of West Bengal will attend the foundation stone laying program.”

Earlier there had been some apprehension about a possible delay in executing the West Bengal project following the recent comment of Sajjan Jindal about the non completion of the financial closure of the project.