Sesa Goa has sought renewal of its MoU with the Jharkhand Government.
The MoU signed in 2003-04 was cancelled recently. The state government had signed 75 MoUs for steel sector during last eight years, among them Sesa Goa was the 27th companies whose agreement was cancelled due to two reasons – the company failed to start groundworks, namely selection of site for its proposed project and changing of promoters following merger of Sesa Goa with Sterlite Industries. In 2004, a prospecting licence for a small chunk of iron ore mines in West Singhbhum was also awarded to Sesa Goa for local value addition.