Vedanta Group firm Sesa Goa is planning an investment of over Rs 30,000 crore in the steel space in Orissa and Jharkhand and may rope in a global company to jointly run the ventures. It has written to the Orissa government for transferring MoU signed with Vedanta group firm Sterlite Industries to its name, as anything in iron ore and steel space in the group will have to be undertaken by Sesa Goa. The MoU is for a five-million tonne plant in Orissa.
It is looking to complete land acquisition for a 1-1.5-million tonnes steel plant in Jharkhand by the end of this fiscal. For steel plants, it will enter into technical collaboration. However the company did not give a timeframe within which it plans to start the venture. The estimated investment in the Orissa project could be Rs 25,000 crore, while the Jharkhand venture could cost up to Rs 7,500 crore.
Sesa Goa manufactures pig iron at its facility in
