Thursady, October 07,
The world’s largest steel maker ArcelorMittal is understood to be jointly working with its domestic partner Uttam Galva for setting up an Rs 15,000-crore steel plant in Maharashtra.
ArcelorMittal and Uttam Galva are in the process of setting up a 3 million tonnes per annum (MTPA) steel plant at Satarda in Maharashtra.
The source said the proposed plant, which can cost the companies Rs 15,000 crore, will come up in two phases of 1.5 MTPA each.
Meanwhile, Uttam Galva recently started the trial runs at its 0.5 million tonnes unit in Wardha, Maharashtra. Going forward, it plans to set up a downstream mill there to manufacture long steel products– used mainly by infrastructure and construction companies.
Source: The Financial Express
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