ArcelorMittal to shift Rs 50k-cr project to Bokaro

ArcelorMittal to shift Rs 50k-cr project to Bokaro: "New Delhi: Disappointed over delays in the launch of its Rs 50,000-crore steel project in Jharkhand, global steel giant ArcelorMittal is set to relocate its plant proposed at Khunti-Gumla to Bokaro district in the state mainly on account of land acquisition problems. The steelmaker had entered into a pact with the Jharkhand government for setting up a 12 million tonne per annum (mtpa) steel plant in 2005 but has been facing delays in land acquisition amid regulatory hurdles."