State Govt to renew MoU with ArcelorMittal soon
"We are now working on renewing the MoU with ArcelorMittal. The MoU will remain effective for five years," Steel and Mines Minister Raghunath Mohanty told reporters. Stating that `gram sabha` (public hearings) have been held in five villages so far, the minister said a notification for land acquisition had already been made.
ArcelorMittal had signed an MoU with the state government on December 21, 2006, which expired on December 22, 2011. The company had applied for renewal of the MoU on December 8, 2011.