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Arcelor Mittal to set up steel plant at Bellary in Karnataka

Project Location : Kudithini, Bellary district, Karnataka

Arcelor Mittal has decided on Kudithini and Torangal in Bellary district in Karnataka to set up an integrated steel plant. The company will invest around Rs.300,000 million and has requested 4000 acres to set up the project. Karnataka government is identifying land near the Bellary power plant and due notification is in progress.

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Arcelor Mittal has firmed up its plans to locate its proposed integrated steel plant in Karnataka. The project involves setting up a 6 million tpa integrated steel plant with an investment of Rs.300000 million . Karnataka Government has reportedly identified three sites for the project. Among the locations suggested to the company include the iron-ore belt of Bellary-Koppal in North Karnataka. However, the other two locations have not been revealed by the state government. An MoU in this regard is expected to be signed by May 2010. The investment details are still being worked out and the company has also proposed setting up a 750 MW power plant in the vicinity of the steel plant. The company has sought 4,000 acre for setting up the steel plant and the power plant. The proposal is expected to be taken to the state government's high-powered committee. The project will be commissioned in 4 to 5 years.

The company has acquired 1827 acres in possession and is hoping to get another 927 acres by May 2012.

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