Jharkhand may Scrap MoUs with Sluggish Steel Firms

摘要

Worried over the tardy progress made by the steel makers, the Jharkhand government is considering to cancel the MoUs it entered with Ispat (now JSW Ispat) and Bhushan Steel for setting up steel projects in the state. In the last couple of years the government has cancelled 27 of its 75 MoUs—the most recent being that of Sesa Goa. Next in line are the MoUs of Prakash Ispat, BM Salgaocar, Sunflag Iron and Steel, Contisteel (promoted by Rathi Super steel and Orissa Sponge Iron) and Vini Iron & Steel Udyog, AP Singh, state industry secretory, said.