Essar to set up steel plant in Chhattisgarh

By Our Corporate Bureau | 05 Jul 2005

New Delhi: The Essar group is setting up a 3.2-million-tonne greenfield steel plant in Chhattisgarh''s Bastar district in two phases of 1.6-million tonne each. The detailed project proposal would be submitted to the state government within three months of the signing of the MoU.

The total investment would be in excess of Rs6,000 crore, sources said and added that the state government has already assured the company that it will be treated on a priority basis. The company has also been assured of full quantity of iron ore from the Bastar region known for its high iron containing ore.

This would be the fourth greenfield steel plant announced by the group during the past few months. The company has already committed to set up green field plants in Orissa (Rs10,271crore), Andhra Pradesh (Rs15,000 crore), Jharkhand (Rs10,000 crore).