LAND ACQUSITION PROBLEMS STYMIE BHUSHAN STEEL WEST BENGAL EXPANSION PLANS
February 1st, 2012
BHUSHAN Steel, India's third largest secondary steel producer, has told Metal Bulletin why it has decided to shelve its proposed USD4 billion (six million tonnes annual capacity) steel plant in the state of West Bengal. Land acquisition troubles are to blame: "We have not made any headway in land acquisition so we decided for the time being to put it on hold," said the company's director of finance, Nittin Johari. He said that many other companies have also been facing problems in terms of land acquisition, and that large projects such as Bhushan ...
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