The LN Mittal Group is expected to soon sign an MoU with the Jharkhand government for its proposed 10 million tpa integrated steel plant in that state.

Mr Lakshmi N Mittal, Chairman and CEO of the Mittal Group, who met the Union steel minister, Mr Ram Vilas Paswan, on 23 July 2005 has reportedly stated that negotiations with the Jharkhand government were in progress and the MoU was likely to be signed in a couple of weeks.

The Mittal Group has already had discussions with the Jharkhand government. The Union steel ministry has reportedly agreed to provide some portion of the Chiria iron ores mines to the proposed steel plant.

The Mittals have shortlisted three sites -- Manoharpur, Chandi and Chaukra Kandra -- all in the vicinity of state capital Ranchi for the project. However, no final decision about the location and investment outlay has been arrived at.

The Jharkhand mega steel project was first proposed in May 2005.

Also See:

Mittals shortlists locations for Jharkhand steel plant (08-Jun-05)