ArcelorMittal pays up to acquire land in Bellary

ArcelorMittal, which has come up with a project to invest Rs 32,000 crore for setting up a six million tonne per annum capacity steel plant, recently deposited Rs 208 crore with the KIADB. The company had initially deposited Rs 60 crore for acquiring 4,800 acre at Kudathini in Bellary district, he added.

Nirani also said the Government has promised to grant mining leases to the company to meet nearly 50 per cent of its iron ore requirement, besides ensuring water and other facilities.