Financial Daily from THE HINDU group of publications
Tuesday, May 30, 2006
Financial Daily from THE HINDU group of publications Tuesday, May 30, 2006 |
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Corporate
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Announcements Sajjan Jindal keen to invest in Bengal Our Bureau
Kolkata , May 29 Mr Sajjan Jindal, Vice-Chairman of the Sajjan Jindal Group, today met the West Bengal Chief Minister, Mr Buddhadeb Bhattacharjee, here and expressed his desire to invest in power generation, road infrastructure and allied steels sectors in the State. Speaking to newspersons after meeting the Chief Minister, Mr Jindal said the group had formed a core team that would interact with officials of the State Government before zeroing in on specific projects in which investments would be made. This process could well take six months to culminate and the quantum of investment could be in the Rs 5,000 crore-Rs10,000 crore range. Mr Jindal said his group's plans to set up an integrated steel plant in West Bengal had been put on hold since there was a question mark on sourcing iron ore from the nearby state of Jharkhand. Some time ago, the Jharkhand Chief Minister, Mr Arjun Munda, had said that Jharkhand would consider supplying iron ore to steel plants located outside the state only after the requirements of steel plants located within Jharkhand were met.
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