January 7, 2010 7:04 PM

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LN Mittal proposes to set up 30K crore steel plant in Karnataka

Steel magnate L N Mittal is believed to have proposed on Thursday setting up a 30,000 crore rupees integrated steel plant in Karnataka when he called on the Chief Minister B S Yeddyyurappa. Mittal, who leads the world's largest steel maker ArcelorMittal, has shortlisted different sites near the iron ore rich-belt of the state for the estimated six million tonne per annum plant. A Karnataka government official said that the project would also include a 750 MW captive power generation plant. Iron ore mines are located at Bagalkot, Bijapur, Bellary and Kopal. The company requires 4,000 acres of land, which will be allotted by the Karnataka Industrial Area Development Corporation, the official said, adding that about 10,000 people would be employed in the proposed plant.

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