Online edition of India's National Newspaper
Friday, Oct 07, 2005
Google



Business
News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Classifieds | Employment | Obituary |

Business Printer Friendly Page   Send this Article to a Friend

Mittal Steel to sign MoU with Jharkhand

Special Correspondent

$10 b investment envisaged

KOLKATA: Global steel industry leader, Mittal Steel Company, will sign the much-awaited memorandum of understanding with the Jharkhand government on Saturday. Talking to The Hindu, Sudhir Maheshwari, Executive Vice President, Finance, Mittal Steel, said the Jharkhand project would mark the group's entry into the Indian steel sector. The London-based steel major has stated its preference for the Chiria mines for its iron ore supplies. It had earlier dropped the export clause on iron ore.

As per current plans, the 12 million tonne project would be split in phases getting completed in ten years. An investment of $10 billion is slated which includes finishing mills, mine development and a 1,000 MW power plant.

Printer friendly page  
Send this article to Friends by E-Mail



Business

News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Classifieds | Employment | Obituary | Updates: Breaking News |


News Update


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu