Following is an excerpt from a news item in tathya.in.

In 2005 the company entered memorandum of understanding (MOU) with state government to set up a 4 million tone per annum steel project at Paradeep. 

Now the company wanted to add another 2 million ton per annum capacity to the Greenfield project. 

The Authority cleared the proposal, which will be of Rs.9797.50 crore. 

So the Essar Steel will invest Rs.20518.50 crore in Orissa, said Mr.Dalwai.