Mittal to set up 12 MT steel plant in Orissa

Bhubaneswar, July 7 (UNI) After winning a major corporate battle against the Luxumbourg-based Arcelor, Mittal Steel Chairman Laxmi Niwas Mittal today proposed to set up a 12 million tonnes steel plant in two phases in Orissa with an expected investment of Rs 40,000 crore.

''I have indicated that after the merger with Arcelor, the Arcelor-Mittal group would like to have a 12 million tonne steel plant in Orissa,'' the steel tycoon said here.

The plant, he said, would be set up in two phases with a capacity of six million tonnes each.

Mr Mittal, who arrived from London this morning, held a one-hour long meeting with the state Chief Minister Naveen Patnaik.

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