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SHIFTING PLACES: ArceloMittal chairman Lakshmi Mittal redraws project plans in India.

SHIFTING PLACES: ArceloMittal chairman Lakshmi Mittal redraws project plans in India.

ArcelorMittal may shift projects within India: chief

No. 1 global steelmaker ArcelorMittal may consider shifting the location of its steel projects within India, said company chairman Lakshmi Mittal on Thursday. When asked whether the company may consider shifting its project in Orissa to some other place such as Karnataka, Mittal said: "Which is possible."

STEELY OPPOSITION: Villagers had refused to hand over land, staged frequent protests against POSCO in the mineral rich area of Jagatsingpur.

POSCO to start work in 2010 on Orissa plant

Posco plant needs 20 mn tonnes/year of iron ore over 30 years for steel production at full capacity.

http://www.ibnlive.com/news/posco-to-start-work-in-2010-on-orissa-plant/100057-7.html

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