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«We're building the steel plant. But the problem is that everybody expects it to be ready in two months. But that doesn't happen realistically. Hopefully, we're looking at operations in the next 18-20 months,» Ganguly said at an event.
«This will be our third and biggest plant. There are several clearances required, including environmental, pollution, and government approvals, which take time,» he said.
The project was initially proposed at Salboni, but that didn't materialise and now the company has secured land at Garbeta, which is about 26 km from Salboni.
«It will be an 8 lakh tonne (0.8 MTPA) capacity plant. The project is coming up at Garbeta and not Salboni. Total investment is estimated at Rs 2500 crore,» a senior official from the joint venture partner told PTI declining to be quoted.
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