Earlier on Monday, ArcelorMittal Chairman and CEO Lakshmi Mittal said the company has no plans to quit India and in the event land acquisition continues to prove difficult, it would start to search for alternative sites in India.
He clarified the company's stand after reports said the world's largest steel maker has threatened to abandon its $20 billion steel projects in Orissa and Jharkhand over delays.
"India is an important country for steel demand growth and is an important part of ArcelorMittal's long-term strategic plans. The company continues to work on its two greenfield projects in Jharkhand and Orissa," he said in a clarification note.
The newspaper quoted Mittal as saying that the delays in persuading farmers and others to sell the land required for building the plants were "unacceptable" to the company.
Shortly after the merger of Mittal Steel with Arcelor in 2006, Mittal had announced plans for a 12-mtpa steel plant in Orissa and thereafter an identical project in Jharkhand. But work on acquiring land for the projects hit a wall.