Sesa Goa plans more than Rs 30,000 Cr investments in Orissa and Jharkhand

New Delhi 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.


The company has asked the Orissa government for transferring an MoU signed with Vedanta group firm Sterlite Industries to our 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.
The company is looking to complete land acquisition for a 1-1.5 million tonnes steel plant in Jharkhand by the end of this fiscal.


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.


Besides, Sesa Goa has also planned to double its iron ore production capacity to 50 million tonnes by 2012.