New Delhi: No. 1 global steelmaker ArcelorMittal may consider shifting the location of its steel projects within India, said company chairman Lakshmi Mittal on Thursday.
When asked whether the company may consider shifting its project in Orissa to some other place such as Karnataka, Mittal said: "Which is possible."
"Steel plants cannot be built in a day. Depending on the progress, and depending on various approvals, land acquisition, mining approvals, the priorities can change," he said.
The company's Indian unit has sought approval from the Karnataka government to set up a steel plant, which will be in addition to its plans to build steel plants in the states of Orissa and Jharkhand.
The company has faced delays for its $20 billion plan to build the Jharkhand and Orissa plants, which would give it a presence in one of the few steel markets in the world still seeing demand growth.
In September last year, ArcelorMittal said it would acquire a one-third stake in Indian re-roller Uttam Galva, making its first investment in the country.
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