Mittal Ropes In Hatch For Jharkhand ProjectPublished by MAC on 2006-02-24
Source: The Telegraph (Calcutta)
Mittal ropes in Hatch for Jharkhand project
by Rajesh Roy, The Telegraph (Calcutta)
24th February 2006
The Mittal steel on Friday appointed England based Hatch Associates Limited to provide consultancy and engineering services for the preparation of a project concept study, in support of a detailed project report(DPR), for its proposed mega steel plant in Jharkhand.
The move is sure to go a long way in dispelling doubts over the most global producer of steel's Jharkhand plant. In a recent interview to a private news channel, steel magnet LN Mittal had claimed that his company's steel project in Jharkhand was gradually taking shape.
Hatch will provide professional services for the analysis of the market for steel products in India, and prepare a concept and design basis for the proposed 12 million tone per year steel plant.
Commenting on the appointment of Hatch Associates, Dr. Sanak Mishra,CEO, Mittal Steel's Jharkhand Greenfield project said, "The appointment of Hatch is a major step forward in the plans of Mittal Steel to set up a world class steel plant in Jharkhand."
Globally acclaimed company, Hatch provides consultancy, engineering and project delivery services for mining and metals, energy and infrastructure projects. Hatch was selected on the basis of its world wide network of expertise in iron and steel making markets, technologies and major capabilities.
Mittal steel had signed a memorandum of understanding with the Jharkhand Government in October last year for setting up an integrated steel plant of 12 million tone capacity. The project is expected to entail an investment of approximately Rs 40,000 crore.
As per the Agreement, the project would be developed in two phases of a 6 million MT each. It is expected that the first phase would be completed within 48 months after agreement of the DPR and the second phase within a further 54 months after completion of the phase one.With operations in 16 countries and four continents, Mittal Steel Company encompasses all aspects of modern steel making to produce a comprehensive portfolio of both flat and long steel products to meet a wide range of customer needs. The company's unit in Jharkhand is expected to cater to the requirements of the major steel consuming sectors, including automotive, appliance, machinery and construction.