Videocon stalls power, steel project in Bengal

The Videocon Group has stalled its Rs 20,000-crore steel and power plant project at Jamuria.There were speculations that the consumer electronics major might relocate the project amid land acquisition hurdles. The minimum land requirement for the project is about 1,800-2,000 acre.he company had signed an MoU with the former Left Front government for setting up the 3-mn-tonne integrated steel plant and a 1,200-megawatt power plant in October 2007. Contact: Videocon Group.Website: www.videocon.com