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Sesa Goa plans steel plants in Orissa, J'khand

Vedanta Group firm Sesa Goa on Tuesday said it is looking at setting up small steel plants of 1-1.5 million tonnes capacity in Orissa and Jharkhand.

twitter-logoPTI | April 26, 2011 | Updated 21:05 IST

Vedanta Group firm Sesa Goa on Tuesday said it is looking at setting up small steel plants of 1-1.5 million tonnes capacity in Orissa and Jharkhand.

"We have started looking at Orissa, where one of our group companies has an MoU for setting up a steel plant. We have started pursuing it with the state government," Sesa Goa MD and CEO P K Mukherjee said.

He said the company is also mulling a steel plant in Jharkhand, where it has a prospecting license for carrying out mining operations.

"Mining is definite (in the state) and having a steel plant is also in our plans there. We are seriously looking at acquiring about 800 acres of land by the end of this year. That will show our intent that we are serious," he said.

When asked about the size of the plants, he said it could be of 1-1.5 million tonnes.

Talking about Jharkhand plant, Mukherjee said that a decision on this can be expected after land acquisition there.

"Having about 500 acres of land is the minimum requirement setting up a steel plant," he noted.

He said the company will require about two months time to conduct a feasibility study for setting up a steel plant there, if it gets the decision in its favour.

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