CM meets Arcelor Mittal’s CEO,steel giant’s greenfield project turns live

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DSC_4079Arcelor Mittal’s Acting CEO,India and China,Sanjay Sharma met Jharkhand Chief Minister Raghubar Das inside his office at Project Bhawan in Ranchi today.

On this occasion,Sharma delivered Arcelor Mittal’s owner LN Mittal’s good wishes tp Das and said that his government has created a new environment which can give boost to industrial development in Jharkhand.

In response,Das thanked them and assured his government’s positive role in backing the growth of industry in Jharkhand.

In fact,ArcelorMittal,world’s leading steel and mining company,is guided by a philosophy to produce safe, sustainable steel.It is the leading supplier of quality steel products in all major markets including automotive, construction, household appliances and packaging. ArcelorMittal is present in more than 60 countries and has an industrial footprint in over 20 countries.

Agrawal said Arcelor Mittal is keen to make investment.”It is committed to set up steel plant in this state.Toward this end,positive talks were held with Forest Secretary”,he said and gave details of the project undertaken by his company which aims to build

In fact,launching its maiden venture in India in 2005, Mittal Steel Company had signed an MoU with the Jharkhand government, committing to invest Rs 40,000 crore to enter mining and steel making operations in the state.
The MoU includes setting up of a 12 million tonne greenfield steel plant.

Mittal,who had come to Ranchi with his family had said the project would be developed in two phases of six million tonnes each with the first phase expected to be completed within 48 months of the agreement of the detailed project report and the second within further 54 months after completion of phase one.

The steel baron had also signed two additional MoUs committing to work closely with the mineral-rich state to achieve improvement in technical skills and education to sustain the pace of industrialisation in the state.

DSC_4076The company would also study the possibility of setting up of a 2,500 mw power plant and a township for its employees as part of the project. Mittal, however, would not commit the amount to be invested in the power plant.

Later,the company opened its office in Ranchi.Subsequently,while it started exploring the site and the land for setting up the plant, Jharkhand and the Central government allotted the iron ore and coal mines to the company.

Though no body knows the status of these mines today,its office no longer exists.The step motherly treatment accorded by the state government and non availability of the land needed to set up the plant were the main reasons for the mega project turning dead.

Now,the BJP governnment led by Das has generated hope among the Mittal Steel Company’s top brass.”We hope we are in a position to set up the plant”,he said

Picture shows Arcelor-Mittal’s Acting CEO,India and China,Sanjay Sharma meeting Jharkhand Chief Minister Raghubar Das inside CM’s office at Project Bhawan,Ranchi,today

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