Bhushan Steel puts West Bengal project on hold

Bhushan Steel has put its proposed Rs 20,000 crore steel plant in West Bengal on hold, this is due the government's policy of not acquiring land for industry.

Bhushan Steel had proposed to set up a 6 million tonnes per annum (MTPA) steel plant in the Asansol industrial area, for which it required about 2,500 acres of land. It was envisaged to to have 3-MTPA capacity in the first phase and was to be operational by 2015.