KOLKATA: Tata Steel will stay put in Chhattisgarh, where it has planned a Rs. 20,000-crore steel plant.
It signed the memorandum of understanding with the State government in 2005.
The delay in execution sparked questions whether India's largest private sector steel-maker had dropped the project after the escalation in Maoist violence in the State.
The company said on Monday that it was keen on launching a social audit to find out the difference industrialisation could make to the lives of the project-affected people.
Tata Steel managing director H.M. Nerurkar told journalists: “We are not dropping the project on account of the naxal problem. We worry about the safety of our people, though.”
Mr. Nerurkar said Tata Steel did not suffer in any way from the Maoist problem in any of its present or proposed locations.