ArcelorMittal, which has been facing land acquisition problem, now has been given partial possession of land acquired by the government in Bellary.

The government will give the steel major about 1800 acres of land in Bellary for the plant in the next 3 to 4 weeks.

Speaking exclusively to Bloomberg UTV sources said that the company has acquired around 4,865 acres of land for plant. They said that out of the mentioned figure, only 2,500 acres of land will get compensation.

The company has already got a compensation of INR 178 crore. They said that the compensation disbursement is still on.

(Sourced from Bloomberg UTV)