BUSINESS

Mittal plans solar farm in Karnataka

The world’s largest steelmaker ArcelorMittal may set up a solar farm on land allotted to it for the proposed 6 MT Karnataka project in view of excess global steel capacity and delays in securing raw materials.

It had entered into a pact with Karnataka government for setting up a 6 million tonne steel plant with a captive 750 MW power plant at an investment of Rs. 6.5 billion.

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