Karnataka govt to allot 1,500 acre to ArcelorMittal

The Karnataka government on Tuesday said it will allot 1,500 acres land to world's largest steel maker ArcelorMittal within a month to set up a 6 million tonne per annum (MTPA) steel plant.

"Within one month, we will allot about 1,500 acres of land to ArcelorMittal. They will start work within two months," Karnataka Chief MInister B S Yeddyurappa told reporters in Bangalore.

In June, 2010, ArcelorMittal had inked a pact with the Karnataka government for setting up a 6 MTPA steel making facility, along with a 750 MW captive power plant at an estimated investment of Rs 30,000 crore.