The Odisha government said that there is no difficulty in renewing its MoU with ArcelorMittal, which had proposed to set up a 12 million tonnes per annum steel facility in Keonjhar district at an investment of INR 40,000 crore.

Odisha’s steel and mines minister Mr Raghunath Mohanty told reporters that "We are now working on renewing the MoU with ArcelorMittal. The MoU will remain effective for five years.”

Stating that public hearings have been held in five villages so far, the minister said a notification for land acquisition had already been made.

ArcelorMittal had signed MoU with the Odisha state government on December 21st 2006, which expired on December 22nd 2011. The company had applied for renewal of the MoU on December 8th 2011.

(Sourced from Orissadiary.com)