Mittal, UG may build steel plant

Jul 19, 2010 |

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The world’s largest steel maker ArcelorMittal is understood to be jointly working with its domestic partner Uttam Galva for setting up a Rs 15,000-crore steel plant in Maharashtra. “Arcelor-Mittal and Uttam Galva are in the process of setting up a 3 million tonnes per annum (MTPA) steel plant at Satarda in Maharashtra. They had recently asked Mecon to prepare the feasibility report for the project,” a person in the know of the development said. However, when contacted Uttam Galva director (commercial), Mr Ankit Miglani, denied any such move. “No. At present, the plan (to set up an integrated steel project in Satarda) is on hold,” he said.

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