3 cos exit projects from Odisha

3 cos exit projects from Odisha

Despite signing MoUs with the state government of Odisha to start steel plants, three companies have exited from the projects.

Speaking in the Assembly, steel and mines minister Prafulla Mallick said, eleven others have not yet started work for setting up steel plants.

He said work on 35 other steel plants were in different stages of production. “The state government had signed MoUs with 49 companies for setting up steel plants,” he said.

He said ArcellorMittal, Maharastra Seamless and Sterlite Iron and Steel Company have withdrawn their projects from the state. The minister said this while replying to a question.

Image credit : jindal.com

Author: Research Desk