October 08, 2008

ArcelorMittal chooses Topra Kamdara for Jharkhand plant

It is reported that ArcelorMittal has chosen the Torpa Kamdara blocks of Khunti and Gumla districts of Jharkhand as the site for its 12 million tonne integrated Greenfield steel project.

The report cited Mr KK Khandelwal industry secretary of Jharkhand as confirming the development by saying that Mr Sudhir Maheshwari VP of ArcelorMittal informed the state official that “It has zeroed in on Torpa due to availability of water for industrial purposes, its thin population density and the potential for infrastructure development.”

Mittal Steel had inked a memorandum of understanding with Jharkhand Government on October 8th 2005 for setting up a 12 million tonnes steel plant involving a cumulative investment of approximately INR 40,000 crores.