Arcerlor-Mittal group steel tycoon L.N. Mittal has sought more land for its 12-million integrated steel project in Orissa. The company which had asked for 8,000 acres of land in the memorandum of understanding, has asked for an additional 750 acres, sources in the revenue department said.
"The state government has received a letter from the company seeking more land even after Arcelor-Mittal’s executives assured they would go by the MoU on land requirement," a revenue official said. As per the MoU, the company requires 6,000 acres of land for the steel plant, 1,000 acres for its captive power plant and rest 1,000 acres for township and rehabilitation.
"We are prepared to provide 7,000 acres of land for the steel plant and captive power plant in the first phase and the remaining 1,000 acres for township and rehabilitation later," the managing director of the state-owned Industrial Promotion and Investment Corporation of Orissa Limited Mr A.K. Meena said. He also said that IPICOL cannot take any decision regarding fresh demand for allotment of extra land.
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Thursday, September 6, 2007
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