Zee news reports that Arcelor-Mittal’s project in Orissa on schedule. Following is an excerpt from that report.

Announcing that the company has already acquired space at the fortune tower for opening its Orissa office, the CEO said that the Dasturco would prepare reports for its steel mill, rehabilitation colony and an environment management plan (EMP).

“Since the Orissa government has been pressing for an EMP, we have also asked the Dasturco to look into this aspect”, Mishra said, adding that the company would proceed further after getting the reports.

Sources said the company expected the DPR from Dasturco within the next 12-18 months. Mittal Steel had signed an MoU with the Orissa government in December 2006.

The world’s number one steel company plans to set up its 12-mtpa steel unit in two phases. It has sought 8,000 acre of land in Keonjhar district to house its steel plant, a 7,500 mw captive power plant and a township.