Tuesday, 11 December 2012
Indian steel industry is going from hot to cold
The investment envisaged in the new capacity was a whopping Rs 630,000 crore, bulk of it from private steel producers. A large chunk of that is unlikely to happen in the foreseeable future. All told, 222 memoranda of understanding were signed by steel companies, which included the likes of ArcelorMittal, Posco, Tata Steel, JSW Steel, Bhushan Steel and many others, with the mineral-rich states of Jharkhand, Odisha and Chhattisgarh, starting from 2005. But, seven years later, wrangles over land
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