The Jharkhand Government will soon hand over 1,000 acre government land to ArcelorMittal to set up its proposed Rs. 40,000 crore steel project in the state.

The State Government has asked the steel major to deposit Rs.12.5 crore to Gumla district administration to get the government land. The Gumla district administration had already given a demand note to the company in this regard. The State government has also asked the Khuti administration to expedite the land survey work. The company has urged the government officials to fast track land acquisition.

The steel major had identified land in Khuti and Gumla districts for the project that includes a 12 million tonne greenfield steel plant and a township. The company needs around 8,800 acre for the plant and 2,400 acre for the township. ArcelorMittal has already got coal blocks and iron ore mines on lease in Jharkhand.

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