The Hindu : Other States / Orissa News : Steel major to spend Rs. 1,200 cr. for rehabilitation

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Steel major to spend Rs. 1,200 cr. for rehabilitation

Special Correspondent

BHUBANESWAR: Steel major ArcelorMittal will spend about Rs. 1,200 crore for the purpose of rehabilitation and resettlement in its proposed 12 million tonne capacity steel project in Keonjhar district of the State.

Top company officials informed about it to Chief Minister Naveen Patnaik during a meeting at the State Secretariat here on Friday.

The company officials who informed the Chief Minister about the details of the rehabilitation and resettlement measures said that the amount would be spent over a period of five years.

Talking to presspersons after the meeting, Chief Executive officer of ArcelorMittal India Sanak Mishra said that the company had decided to build self-sufficient rehabilitation colonies for the families that would be displaced to make space for the mega steel mill.

Mr. Mishra said each displaced family would be provided a dwelling unit in the rehabilitation colony which would have all common facilities.

The company had signed a Memorandum of Understanding with the State Government in December 2006 for setting up the steel plant at an investment of about Rs. 40,000 crore.

The company, however, has not submitted the detailed project report to the State government so far.

The DPR is likely to be submitted by June this year.

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