Contrary to perception, Laxmi Mittal has not given up plans to set up a greenfield unit in the state."We have not closed our plan in Jharkhand," sources close to Mittal said.The state appeared to have lost out to Orissa, which signed a memorandum of understanding (MoU) with the Mittals for a 12 million tonne integrated steel project in December 2006.More than a year before the MoU with Orissa, Mittal had signed a MoU with Jharkhand, in October 2005, to set up a plant in the state to take advantage of the vast iron ore reserves at Chiria.Since no follow-up action was taken by the Jharkhand government, the project remained a paper dream while Orissa is expected to take a call on the Mittal project some time this year.(PTI)
