September 08, 2008

ArcelorMittal DPR for Jharkhand to be ready by 2008 end

PTI reported that ArcelorMittal will submit land feasibility report for its INR 40,000 crore project in Jharkhand in the next two months.

Mr Pierre Gugliermina CTO of ArcelorMittal, who is heading the team formed to finalize the technology to be adopted for the proposed projects in Orissa and Jharkhand, told PTI that “We have set a timeframe for production of steel by the end of 2011 or early 2012.”

He said that “The land feasibility report would be submitted to the Jharkhand government by June and the detailed project report by the end of this year,”

He added that ArcelorMittal is willing to commence work on the plant as soon as the required land, iron ore and coal mines were allocated.