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Odisha Restarts Talks with ArcelorMittal for Steel Plant in Paradip-2020 China(Guangzhou) Int’l Laser Equipment and Sheet Metal Industry Exhibition
3/2/2020  钣金展-激光展- Laser expo, Sheet Metal Industry expo
    Business Line reported that the Odisha government has begun talks with ArcelorMittal, asking the company to set up a 3 million tonnes per annum steel plant in the State. The INR 12,000 crore project was originally meant to be set up by Essar Steel. Now, with ArcelorMittal taking over Essar Steel under the Insolvency and Bankruptcy Code, the Odisha government wants the new promoter to honour the commitment and revive the project. Government of Odisha Principal Secretary Industry Mr Hemant Sharma told BusinessLine. “MoU signed in 2005 signed with the Odisha government in 2005. Now, we have started talks with ArcelorMittal to set this project up in Paradip. The talks are preliminary but we have got a positive response.”

The state gave Essar Steel 676.61 acres of land to build a 3 million tonne greenfield steel mill for INR 116.27 crore. Instead of a steel plant, Essar developed the pellet plant, utilising 200 acres of the allotted land. Essar Steel had earlier set up a 6 million tonne per annum pellet complex in Paradip. The pellet plant is backed by a 12 million tonne per annum beneficiation plant at Dabuna inKeonjhar, the two facilities are connected by a slurry pipeline. 钣金展-激光展-2020年第二十一届广州国际激光设备及钣金工业展 -2020 China(Guangzhou) Int’l Laser Equipment and Sheet Metal Industry Exhibition -Sheet metal exhibition, Sheet metal expo, 2020 Sheet metal exhibition, 2020 Sheet metal expo, China Sheet metal exhibition, China Sheet metal expo, Laser Equipment exhibition, Laser Equipment expo, 2020 Laser Equipment exhibition, 2020 Laser Equipment  expo, Laser exhibition, Laser expo
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