Vedanta Group firm Sesa Goa is planning an investment of over Rs 30,000 crore (300 billion Rupees, around 4.2 billion pounds sterling) in the steel space in Orissa and Jharkhand and may rope in a global company to jointly run the ventures, the company said.
“We have written to 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 5 million-tonne plant in Orissa”.