The world’s largest steel mills arcelormittal company has completed the Indian state of karnataka annual capacity of 6 million tons of steel project feasibility report, is expected soon to complete the land allocation, and began to build.

In June 2010, arcelor mittal and karnataka signed a memorandum of understanding to build a annual capacity of 6 million tons of steel and 750 mw power plant, is expected to cost $6.5 billion. Currently have accepted 2659 acres of private land ownership, another 136 acres of land owned by the state government will soon be assigned.

Arcelor mittal also in the iron ore reserves of karnataka for mining lease, but the Supreme Court banned illegal mining activities and the government’s new mining method, mining lease was delayed.

In addition, arcelormittal in eastern India jharkhand issue of annual production capacity of 3 million tons of steel project is still in land requisition, slow progress so far.