Mittal to spend Rs 1,200 cr on Orissa rehab
Global steel major ArcelorMittal, who is proposing to set up a 12 million tonne greenfield steel plant at Patna tehsil in Keonjhar district of Orissa, plans to spend about $300 million (about Rs 1,200 crore) on rehabilitation and resettlement (R&R). Only a couple of weeks ago, the company had announced an identical R&R packages for its project in Jharkhand, where it intends to set up an equal-capacity steel plant.