ArcelorMittal to finalise blueprint for India

India is emerging as a hot spot for almost everything. Tata introduced India's smallest car - NANO, Land Rover & Jaguar will come under the Indian umbrella, Vijay Mallya's Force India will race this year alongwith the likes of Ferrari and now..

World's biggest steel maker ArcelorMittal is formulating a 15-member team to finalise the blueprint for setting up the 12-million-tonne integrated plants in Jharkhand and Orissa at a cost of about Rs 80,000 crore. ArcelorMittal is said to have identified Torpa and Kamdara blocks in Khunti and Gumla districts of Jharkhand as prospective sites for its proposed plant.
The company would provide adequate employment to the people of the project sites besides providing indirect employment to thousands of locals in due course of time, he said. The designs of these plants envisage that the iron and steel making would be done through integrated blast furnace route.

ArcelorMittal is still expecting iron ore block for meeting its captive requirements from the state governments. However, the company along with GVK Power has been granted Seregarha Coal Block for generating power of about 750 Megawatts.

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