ArcelorMittal Withdraws Plea on Karnataka Land Issue

21 Nov 2023 CW Team

ArcelorMittal, the global steel giant, has opted to withdraw its petition filed in the Supreme Court concerning land acquisition in Karnataka for a proposed steel project. This decision marks a significant development in the company's pursuit of establishing a robust industrial presence in the region.

The withdrawal of the plea comes amid evolving circumstances and negotiations related to the acquisition of land for the steel project. ArcelorMittal's move suggests a shift in strategy, possibly driven by ongoing discussions with stakeholders or a reassessment of the project's requirements.

The initial petition filed in the Supreme Court sought legal intervention in matters related to land acquisition procedures, highlighting the complexities often associated with large-scale industrial projects. The withdrawal indicates a willingness on the part of ArcelorMittal to explore alternative resolutions or avenues for progressing with the project in Karnataka.

This development is noteworthy in the context of India's industrial landscape and the steel sector's vital role in the country's economic growth. The withdrawal of the plea does not necessarily imply a cessation of the project; rather, it signals a recalibration of the company's approach, taking into account legal considerations, stakeholder dynamics, and project viability.

As ArcelorMittal navigates this phase, industry observers will closely monitor subsequent actions and announcements to gain insights into the company's revised strategy for establishing a significant presence in Karnataka's industrial landscape. The evolving situation underscores the intricate balance between legal processes, corporate strategies, and the imperative of aligning with local interests in the pursuit of major industrial initiatives.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..