ArcelorMittal says plans a new steel plant in Karnataka
MUMBAI (Reuters) - ArcelorMittal's Indian unit has sought approval from the Karnataka government to set up a steel plant, the company said in a statement on Monday.
The Karnataka project will be in addition to ArcelorMittal's existing plans to build steel plants in Orissa and Jharkhand, the company said.
Earlier ET Now television reported the Karnataka steel plant would have a capacity of 6 million tonnes a year. The company statement did not mention the plant's capacity.
ArcelorMittal said it would disclose more details on cost, capacity and a timeline after it completes technical studies in three to four months.
(Reporting by Devidutta Tripathy; Editing by John Mair)
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