Karnataka Steel & Mineral Industry

[sharifyaseen]

BANGALORE: Rejecting Karnataka government's plea, the Centre today ruled out the possibility of banning iron ore exports, saying such move would result in massive unemployment, revenue losses and social tensions.

Union Commerce and Industry Minister Anand Sharma said Indian mines produced close to 230-235 million tonnes annually and the domestic consumption was 85- 90 million tonnes, leaving an exportable surplus of over 140 million tonnes.

He said this surplus could not be stored because it was environmentally hazardous.

Sharma pointed out that mining was done in poor, backward areas of the country and the mining industry contributed substantially to the country's economy. "This industry employs tens of thousands, may be millions. If the export is stopped, it would lead to massive unemployment leading to social tensions", he said.

The Minister questioned the Karnataka government's move to ban export of iron ore from 10 minor ports of the State.

"I don't think that when you allow illegal mining....just stopping movement from minor ports is going to help", Sharma told reporters here.

Stressing that legal and illegal mining were different issues, he said: "It would be better for the Government of Karnataka, for the Chief Minister of Karnataka (B S Yeddyurappa) not to confuse the issue.

"They should check illegal mining. That's the real issue, that's the core", Sharma said, adding, "those enaged in legal mining cannot be punished along with those who are into illegal mining."

He noted that what India exported primarily was the iron ore fines and not the lumps because the lumps were consumed by the domestic steel industry.

Karnataka in recent weeks has repeatedly pleaded with the Centre to ban export of iron ore, to help curb illegal mining.


it would lead to massive unemployment
This is what happening in bellary region

http://expressbuzz.com/states/karnat...rt/205946.html

[engineer.akash]

KIOCL unveils multi prong expansion plans
Wednesday, 15 Sep 2010

FE reported that Kudremukh Iron Ore Company Limited has chalked out multiple programs to expand its presence in various business sectors. The company is in the process making major investments as part of its diversification exercise while increasing the efficiency of its pellet manufacturing facility.

The company would utilize its entire cash reserves of INR 1,200 crore for the programs. Besides, it plans to raise some debt as it has identified at least four projects including one to set up a mega integrated steel plant in north Karnataka. While investing in Brownfield projects, the company has also finalized a few Greenfield projects through JV.

Mr K Ranganath CMD of KIOCL said that the company would modernize its existing pellet plant and set up a ductile iron spun pipe plant at its blast furnace unit in Mangalore. It would also establish coke oven battery and captive power plant in the same BFU complex. The integrated steel plant project is also taking shape as the company has identified the JV partner.

Mr Ranganath said that the company would invest around INR 120 crore this financial year to modernize its pellet plant by installing horizontal pressure filters to increase output and quality. The pellet production level would increase to 3.5 million tonnes from the current 1.5 million tonnes to 2.5 million tonnes.

He said that the company would set up INR 330 crore DISP plant as part of its diversification program. The plant would be set up as JV with another PSU, Rashtriya Ispat Nigam Limited, the flagship company of Visakhapatnam Steel Plant. The capacity of the plant will be around 0.1 million tonnes per annum. It would be 50:50 ventures between KIOCL and RINL. Further, the company is in the process of establishing INR 300 crore COB and CPP projects. All these projects would come up in the company's blast furnace unit in Mangalore.

Currently, the company is trying to fix an agency for valuation of BFU assets in this connection. Another major investment would be for its INR 9,000 crore proposed integrated steel plant to be set up in JV with URSIPL. KIOCL will pick up 26% equity stake in the JV while the remaining stake will be owned by URSIPL. For the 26% stake, KIOCL should invest around INR 2,250 crore to INR 2,600 crore.

FE
Source

(Sourced from Financial Express)

[Krishnamoorthy K]

India's KIOCL, RINL continue talks for ductile iron pipes

Panama Group has plan for a 5000 tons per day steel plant in Karnataka


A delayed comment

Originally Posted by sharifyaseen

it would lead to massive unemployment
This is what happening in bellary region

http://expressbuzz.com/states/karnat...rt/205946.html

Media is reporting two problems as a consequence of export ban namely unemployment and illegal mining. If there is massive illegal mining then there can not be massive unemployment problem as people are still employed by illegal miners. To me it seems only one of these problem can occur in massive scale. The unemployment problem I have already discussed in my previous posts and some additional unemployment problems are discussed below.

BANGALORE: Rejecting Karnataka government's plea, the Centre today ruled out the possibility of banning iron ore exports, saying such move would result in massive unemployment, revenue losses and social tensions.

From jobloss point of view we have to not only worry about unemployment due to stoppage of mining but also unemployment, revenue losses and social tensions generated due to unavailability of mines to public sector companies like KIOCL also. Note that KIOCL pellet production plant was shut for a long time due to unavailability of mines.

Any idea how many public sectors companies and their employees are suffering due to preference given to mining by private sector companies?

And also we have to consider how many tribal families have become homeless and jobless due to mining in their zones.

He said this surplus could not be stored because it was environmentally hazardous.

On one hand people and media are worried about environmental problems caused by excessive mining. This is the other aspect of environmental problem caused by storing ore.

If mining is stopped completely then where is the issue of storing iron ore to cause environmental hazard? (Of course, there is problem of unemployment if mining is stopped). Whatever in store already could be handed over to public sector companies which are running short of ore.

He noted that what India exported primarily was the iron ore fines and not the lumps because the lumps were consumed by the domestic steel industry.

Karnataka in recent weeks has repeatedly pleaded with the Centre to ban export of iron ore, to help curb illegal mining.

I have a question here. If export ban on low-grade iron ore result in illegal mining then why export ban on high-grade iron ore does not result in illegal mining and export of high-grade iron ore?

Originally Posted by sharifyaseen

As many as 25 of the 90 operational mining companies in the state export over 10 million tonnes of low-grade iron ore from these two districts for which there is no market in the country. These companies have collectively invested over Rs 200 crore in the last couple of years on setting up support infrastructure like cranes, sheds for storing ore, railway sidings and port equipment for exports. In addition to this, companies like Sesa Goa, MSPL, Bharat Mines and S K Modi have also invested Rs 100 crore to buy railway rakes to transport ore to the ports.

Any public sector company can easily invest Rs.200 to 300 crores and take over these assets. In this way revenue generated by export will be with the government itself. Once the steel plants start functioning either mines can be handed over to them or iron ore can be sold to them.


By looking at various media reports it appears that there are differences between Union Commerce and Industry Ministry & Mining ministry, Environment Ministry and Steel Ministry. I just hope that Union government will come up with just one cohesive view so that our industries and employment will grow and at the same time environment is not polluted.

OK. There is some good news on converting low-grade iron ore to high-grade iron
Mangalore youth will show WEF a way to make ore export more profitable

If we look globally China (having almost our population) is consuming about 10 times steel compared to India. So we require more steel plants and ore to grow to the level of China. Hope that innovations like benefaction plants can help India to use its iron resources for its own growth. Also if China can export finished steel products India can also do that...

[engineer.akash]

Thursday, September 16, 2010 8:23:54 PM by IANS ( Leave a comment )

ArcelorMittal London, Sep 16 (IANS) Facing delays in land acquisition and protests by tribals in India for its proposed units, top global steel producer AreclorMittal has revised its strategy and will now focus on smaller plants with annual production capacities of 1.5-3 million tonnes.
The $65-billion group led by London-based industrialist L.N. Mittal, which had proposed two mega steel units in India of 12 million tonnes each in Jharkhand and Orissa, now views Karnataka as the state with the least implementation risk.

“For Karnataka greenfield project, land acquisition is expected to be completed by the end of this year. We are also expecting to get some mining leases in Karnataka,” the group’s chief financial officer Aditya Mittal told an investor conference Thursday.

He said the group will consider factors beyond iron ore deposits for future projects like logistics, proximity to markets, infrastructure, execution time, social factors, business friendliness and a downstream presence which could supply to its global network of mills.

“Our strategy in India has changed. We are now on the ground selling branded steel. Our first domestic production is expected by 2013,” Mittal, who is also member of the group management board, told the conference simultaneously from here and New York.

ArcelorMittal has a 34 percent stake in Indian steel producer Uttam Galva and is a co-promoter of the firm.

After becoming the market leader in South America, Central Asia and Africa, and establishing joint venture projects in the Middle East and China, India and Brazil will be the company’s focus markets.

AreclorMittal expects India's steel demand to triple to 150 million tonnes by 2020 and feels the its portfolio can be balanced by establishing a presence in the country, which it called one of the most growth-oriented markets in the world.

Mittal said even though progress had been been made in getting licenses for mines and land in Jharkhand and Orissa, the plans had been slowed due to what he described as “high tribal influence”.

He said progress on land acquisition had been especially slow in Orissa.

According to the presentation, the stake in Uttam Galva has given the group not just access to a large downstream network but also a partner for a potential greenfield project in western India.

Mittal did not did not mention the state in which it proposes to set up a unit, but said: “The project locations will be well spread across east, west and south India. There will be a mix of captive and partially bought-out iron ore projects.”

There were reports of a possible stake sale by steel company Ispat Industries to ArcelorMittal.

Ispat is incidentally owned by L.N. Mittal’s younger brothers Pramod and Vinod and has a huge Rs.6,700 crore of long-term debt with 15 creditors, including banks and other financial institutions.

Ispat Thursday announced a strategic sale of 10 percent of its equity to Stemcor, the world’s largest independent steel trader, for an undisclosed amount.

Source

Krishnamoorthy I feel its good if they ban export of iron ore and instead set up steel mills in India itself.We need to grow in the coming decades--Steel for a country is like what protein is for a body.Steel-Cement-Oil basic Vitamins/Minerals for any country to develop.

[sharifyaseen]

What India is doing with its steel is the same what gulf countries are doing with their oil...

[Krishnamoorthy K]

Golf countries may not face much problem as they are thinking of constructing huge solar plants and selling power to other countries in future.

[sharifyaseen]

China,Japan and USA are doing a good job by increasing the stockpile which they have in abundant....

[sharifyaseen]

BANGALORE: The High Court on Thursday issued notice to the State, Centre and few mining companies on a petition seeking the nationalisation of iron ore in the state.

While hearing the public interest litigation (PIL) flied by Arun Kumar Agarwal, a citybased advocate, the division bench comprising Chief Justice J S Khehar and Justice S A Nazir issued notice to the state and the Centre. The bench also asked mining companies to file their reply on the matter.

The petitioner sought the Centre's direction to regulate the use of iron ore for national interest and also the quashing of the provisions of the Mines and Minerals Development and Regulation Act which gave limited power to the state, to regulate illegal mining.

The petitioner pointed that the present method of allotting mining lease was discriminatory as it provides a token of royalty to the state government and results in making the rich, super rich.

"The MMDR Act permits the foray of public assets by selected private persons and so, it violates the fundamental rights of the Constitution. The private profiteers engaged in legal mining have not declared their profits honestly," the petitioner argued.

In the past ten years, the profit of iron ore has shot up from Rs 50 per tonne to `5,000 per tonne but the royalty remained fixed to less than 0.5 per cent per tonne. Despite the large scale illegal mining prevalent in the state for several years, the state government has failed to keep check, the petitioner said.

Meanwhile, the same bench granted permission to Arun Kumar Agarwal to make ArcelorMittal and Posco as respondents in another PIL, challenging the action of the state in granting principle approval to both companies, to start steel plants in Bellary.

The petitioner contended that the state had given mining lease to outsiders, instead of giving the same to public sector units.

http://expressbuzz.com/states/karnat...te/207469.html

[sharifyaseen]

BANGALORE: The state government on Friday finally came up with a proposal to settle the disputes with mining owners regarding the issuance of mineral despatch permits.

In a proposal submitted to the High Court, the state refused to issue bulk permits, but it agreed to issue one permit for one vehicle for a bulk quantity to a single applicant.

After High Court suggestions, the state had a discussion with mine owners regarding the issuance of mineral despatch permits and to clarify the Karnataka Mineral Regulation of Transport Rules 2008, regarding issuance of mineral dispatch permits and validity period of said permits.

The proposal was placed before a division bench comprising Chief Justice JS Khehar and Justice SA Nazir, which is hearing a batch of petitions challenging the 2008 rules.

The state has allowed a maximum of eight days of validity period for mineral despatch permits and the forest way permits after calculating for a distance of 100 kilometres per day and a total distance of 500 kilometres for a vehicle for transporting iron ore.

In respect of transport of the entire iron ore by way of railways, from the loading point to the destination, mineral despatch permits will be issued for a period of 15 days, the state submitted before the High Court.

The mines and geology department will issue an order of release of permits after due verification and ensuring that the royalty has been paid for the quantity of ore.

The forest department has agreed to complete all the necessary enquiries within a period of three days from the date of issue of release order of the department of mines, the state said.

The mineral despatch permits and forest way permits are issued simultaneously at the mine head and permits will clearly show details like mining lease number, details of lessee, vehicle number, actual quantity loaded into the vehicle, duration of validity, destination and other details, the state said.

One permit will be issued for railway transportation of ore of quantity of 3,800 metric tonnes. It would be issued with a validity period of 15 days, the state said.

Transportation of mineral would be regulated by an authorised officer who would collect permits and ensure the quantity of mineral transported is legal, the state submitted in the HC.

For this proposal, the petitioners have taken time to reply. The division bench adjourned the hearing to next Friday.

Meanwhile, the state has submitted the lists of mining companies which are facing cases. Many cases have been filed against VS Lad and Sons company.

The entire mining industry is indulging in illegal activities. It is difficult for the state to differentiate between legal and illegal mining. So the ban order on export of ore, the advocate general submitted.

http://expressbuzz.com/states/karnat...ts/207857.html

[Krishnamoorthy K]

* Modernisation of VISL will help in meeting present requirements

SHIMOGA: Shimoga MP B.Y. Raghavendra said that there was a proposal to modernise the Visvesvaraya Iron and Steel Limited (VISL), a unit of the Steel Authority of India Ltd (SAIL), at a cost of Rs. 2,000 crore.

Speaking after commencing the crushing of sugarcane for the year 2010-11 at the MPM Sugar Factory in Bhadravati on Sunday, he said that a discussion was held with the SAIL authorities in this regard.

He said that the modernisation of the VISL would help in meeting the present requirements.

The Hindu

[Krishnamoorthy K]

Bangalore: South Korea-based Posco, the world’s fifth largest steel maker, has deposited an initial instalment of Rs 60 crore with the state government of Karnataka, thereby committing itself to the Rs 32,336-crore integrated steel plant in the state.

The state government will use the fund to compensate the farmers, who are offering their lands for the project. With this, Posco has joined the list of companies including ArcelorMittal, which have deposited funds, showing the green signal for the state government to proceed further with the land acquisition process.

Talking to FE, Karnataka minister for large and medium scale industries Murugesh Nirani said, “Posco has deposited Rs 60 crore with the state government as first instalment to initiate preliminary land acquisition procedure.”

They have seen sites in three districts in the state namely Bagalkot, Koppal and Gadag. In a week, he said the official team from Posco will visit Karnataka to finalise the site location, after which the state government will notify the land for acquisition. “We have asked Posco to choose the site in districts other than Bellary,” he said. This is to avoid pollution in the mining district of Bellary and expand industrial activities in other districts, he added.

However, these three districts are located adjoining Bellary, which has rich iron-ore content. Already JSW has 7-mtpa capacity steel plant in Bellary district, where ArcelorMittal will also set up their greenfield Rs 30,000-crore steel facility. KIADB would acquire 5,000 acres for Posco, which would build 6 mtpa integrated steel plant with 400 mega watt (mw) captive power generation station with an investment of Rs 32,336 crore. The proposed steel facility would require power of 2.30 lakh kilovolt-amphere (kVA) and 2-lakh kilo litre per day of water, said an official attached to Karnataka Udyog Mitra, the state-owned single window agency involved in industrial promotions in Karnataka.

Earlier in January, the steel giant has agreed to its steel manufacturing facility in Karnataka. But the company had put a condition on the government to sanction captive mines before setting up the plant. The state government has not accepted for it, resulting in the company withdrawing its investment proposal within a month. However, the company has singed an MoU with the government in the Global Investors Meet (GIM) held in June to invest in Karnataka. Already, ArcelorMittal has deposited Rs 267 crore with the Karnataka Industrial Area Development Board (KIADB) for acquiring.

4,000 acres from the farmers in Kudithini village in Bellary district. The total compensation to be paid by Arcelor Mittal is estimated at Rs 350 crore.

FE

[sharifyaseen]

HALIYAL: Western Ghats Task Force (WGTF) chairman Anant Hegde Ashisara asserted that mining activities would not be encouraged in the Western Ghats region and that there was no proposal for any major project in the region.

He was speaking after inaugurating the coordination meeting of EcoDevelopment Committees (EDC) at the Kulagi Nature Camp, near here on Wednesday. The programme was held under the joint auspices of the Department of Forest and the WGTF. He said that the implementation of the Project Elephant programme would reduce the incidents of manelephant conflict in the region. He said the 24 ECDs formed in the DandeliAnshi Tiger Reserve territory would strive for development of ecotourism in the area.

To minimise the dependence of forest dwellers on firewood, solar energy and the Astra (smokeless) chullahs were made available at subsidised rates, he said. He claimed that an expert committee is studying the exact causes of landslides in the region. The paper mill in Dandeli has been asked to take steps to avoid pollution and to fulfil its social obligations.

Ashisara handed over compensation cheques worth `42,000 for the loss of crops and cattle due to wild animals to 14 beneficiaries. He also gave cheques worth `2 lakh to ECDs as assistance.

Deputy Conservator of Forests Sunil Panwar disclosed that the state government had sanctioned `5 lakh for creation of facilities of solar energy and gobar gas for farmers and forest dwellers.

Tiger Conservation Foundation member Nandu Teli, EDC members Shridha Desai and Krishna Desai and ACF BG Nayak were present.

http://expressbuzz.com/states/karnat...html..:cheers:

[engineer.akash]

Capacity Expansion

JSW Steel plans to double capacity to 16 million metric tons by 2015, Rao said. It aims to spend 145 billion rupees in the next five years to add 2 million tons of capacity at its Vijayanagar plant in the southern state of Karnataka and build a 3 million ton plant in the eastern state of West Bengal.

Source

[sharifyaseen]

...

[engineer.akash]

2010-09-24 22:50:00


Kolkata, Sep 24 (IANS) Steel major Tata Steel is likely to implement the three million tonne steel project of Tata Metaliks (TML) in Karnataka, a senior TML official said here Friday.

'If you look at the balance steel size, the project has to be done by someone with financial muscle,' TML's chief financial officer Koushik Chatterjee said on the sidelines of its annual general meeting.

TML is an associate company of Tata Steel with the later holding 46.66 percent in the company.

This decision has been taken as the parent company has better financial strength.

Tata Metaliks in June signed a pact with Karnataka government for an integrated 3 million tonne steel project at Haveri district during the Global Investors Meet.

'The final configuration of the project and its size would be decided after carrying out a feasibility study,' Chatterjee said.

Sify

[sharifyaseen]

NEW DELHI: Iron ore exports in August fell by 35.55 per cent to 4.38 million tonnes mainly due to the ban imposed by mineralrich state Karnataka on iron ore shipments and the prevalent monsoon season.

“The decline is mainly due to the Karnataka ban and the monsoon,” Federation of Indian Mineral Industries (FIMI) secretary general RK Sharma said.

According to the data compiled by FIMI, the country shipped 6.8 million tonnes of iron ore in the same period last year.

India, the world’s third largest iron ore exporter, had produced 218 million tonnes of iron ore in the last fiscal and exported almost half of it.

Of the total exports, more than 80 per cent was channelised to China, the world’s largest steel producer. Iron ore is a vital steel making raw material.

Karnataka had, during the last quarter, announced banning exports of iron ore from some of its ports in an attempt to curb illegal mining of the mineral.

On the outlook, Sharma said the demand has improved and so the prices.

“It is hard to predict the demand and price scenario which is mainly dependent on China. But for last few weeks demand and prices of iron ore have improved,” he said.

The prices are hovering at $145-150 a tonne at present, which has fallen from this year’s high of about $180 a tonne to s80 a tonne, Sharma said.

Indian Express

[engineer.akash]

10 Oct, 2010, 10.17AM IST,PTI

MUMBAI: Surya Roshni, the flagship company of Surya Group, has earmarked an investment of Rs 100 crore to produce both pipes and lighting products at Shimoga in Karnataka .

"As part of our ambitious growth plan, we are investing Rs 100 crore to produce both pipes and lighting products at Shimoga in Karnataka. Production is set to begin by the start of the next financial year," Surya Group's executive director, Utkarsh Dwivedi said in Mumbai.

Surya Roshni as the biggest G I pipes producer in the country has steel pipe manufacturing units spread across a number of locations such as Bahadurgarh in Haryana, Gwalior in Madhya Pradesh, Bhuj in Gujarat and the new one in Shimoga.

Surya Roshni has recently set up a new pipe manufacturing unit at Kutch in Gujarat involving an investment of Rs 450 crore, Dwivedi said.

The company's quest for expansion of its production facilities for steel pipes is an ongoing process to meet rising demand. The plants at Bahadurgarh will augment G I capacity to meet increasing demand and it has installed a gas generator set from the UK to ensure continuous electricity supply.

ET

[SSCaddict]

K'taka begins acquiring land for ArcelorMittal steel project

Acquisition of land for the mega steel plant of ArcelorMittal, the world’s largest steel maker, has commenced in Kuditini village of Bellary district in north Karnataka. With the farmers accepting the cash compensation package fixed by the state government, the Karnataka Industrial Area Development Board (KIADB) has started taking possession of the land.

The farmers had been asking for a higher cash compensation. They have since accepted the Rs 8-16 lakh per acre decided by the land fixation committee, headed by the deputy commissioner of the district.

The committee has fixed Rs 8 lakh per acre for land in the interior, Rs 12 lakh per acre if adjacent to the main road and Rs 16 lakh per acre for converted land. The prices are double the prevailing market value. Presently, an acre of land in the interior costs Rs 3-4 lakh and near the national highway, Rs 6-7 lakh an acre.

source

[engineer.akash]

Karnataka rich in platinum deposits

New Delhi, Oct 19, DHNS:

Huge deposits of minerals of precious Platinum Group of Elements (PGE) such as platinum, palladium and nickel have been found in Davangere and Uttar Kannada districts of Karnataka, a Union Mines Ministry statement said on Tuesday.

The PGE ore was found in Hanumalapura, Tavaregere, Mesanikere and Magyathahalli in Davangere district and Kaiga, Mothimakki, Biroligudda and Suryakalyanigudda areas in Uttara Kannada district.

In Hanumalapura area alone, the Geological Survey of India (GSI) has estimated 0.84 million tonne of resources of PGE ore with an average grade of 1.79 gram per tonne. The GSI is the nodal agency under the ministry to regulate the minerals.

Another region in India where high PGE deposits were found was in Baula–Nuasahi region in Orissa, which had around 14.2 million tonne of PGE ore.

Reconnaissance permits

The Centre has granted 114 reconnaissance permits (RPs) to explore minerals like PGE, gold, silver, iron ore, cobalt and copper in 1.31 lakh square kilometres of the country for the
last three years.

This is as per a government policy to encourage private companies for exploration of PGE minerals. In Karnataka, the Centre has granted RPs to five companies to explore 5,031 sq km area.

The State Government had recently invited companies to invest in mining of the precious minerals at the Global Investors Meet in Bangalore. No investors have, however, come forward for exploration of the ore.

DHNS

[SSCaddict]

ArcelorMittal's Bellary steel project passes farmers' test

BANGALORE: Arcelormittal’s plans to set up a six million tonne per annum (mtpa) steel plant in Bellary district of Karnataka is on track, with farmers coming forward to accept the compensation package for land acquisition.

The world’s largest steel producer had zeroed in on Kuditini in Bellary district to set up its plant and laid out a land requirement of around 4,000 acres. However, these plans were opposed by some farmer groups who were seeking a compensation higher than what was fixed by the government.

According to a senior state government official, a few farmers have already accepted the compensation amount and more are expected to join them in the coming days. The state government had fixed land prices in three slabs of Rs 8 lakh, Rs 12 lakh and Rs 16 lakh, depending on the accessibility to the main road.

The official said that it is only a small minority of farmers who are still opposed to the land acquisition as they were seeking prices five times higher than what had been fixed by the government.

To further incentivise the farmers to agree to the land compensation, priority would be given to them in providing jobs in the proposed steel plant, the official said.

ArcelorMittal has been the first to get off the block in setting up its steel plant in Karnataka and has already put in an application for securing captive iron-ore mines.

The state government has invited fresh applications for issuing iron-ore mining licences, with ArcelorMittal being one of the applicants, and this is expected to be given by the end of November this year.

During the Global Investors Meet held in June this year, Karnataka received investment proposals worth Rs 2 lakh crore from the iron and steel sector, which includes companies such as Posco, Bhushan Steel and Essar.

Besides ArcelorMittal, the companies which have deposited money with the government to acquire land include Posco, Essar Steel and Brahmani Steel. Posco has deposited Rs 60 crore with the Karnataka Industrial Area Development Board (KIADB) and sought 2,500 acres in Koppal district of the state to set up its plant. Essar Steel has deposited Rs 25 crore to acquire 1,500 acres in Gadag district for its 6 mtpa plant.

Besides these steel majors, others who have deposited the money towards the land acquisition include Brahmani Steel , seeking 5,000 acres in Bellary district and Bhushan Steel for 4,000 acres in the same district. Surya Vijaynagar Steel has sought 500 acres in Bagalkot district.

The state has earmarked Bellary, Raichur, Koppal, Bagalkot, Gadag and Haveri for proposed steel zone.

source

if all these plants in more than 17,000 acres are built in 6-7 yrs then there will be acute shortage of power in karnataka
these are hell lot of plants these alone total more than 25 million tonne....