State High-Level Clearance Committee (SHLCC) in Karnataka provided an in-principle approval to 38 projects with an investment of Rs 138,322.71 crore. The proposals include ArcelorMittal integrated steel plant with a capacity of six tonne per annum along with a 750 MW captive power plant. Bijapur, Bagalkote and Bellary have been identified for 4,000 acre land for the plant. South Korean Posco has proposed to set up a six tonne per annum steel plant with a 400 MW captive power plant at Rs 32,336 crore either in Bellary or neighbouring districts. Cement manufacturer Lafrage would invest Rs 1,500 crore for setting up its cement plant and 43 MW thermal power plant in Gulbarga.

Reliance

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