Steel baron Lakshmi Mittal believes ArcelorMittal's two giant steel projects in India, planned since 2005, were "highly unlikely to be realised", and said his new strategy is to have a number of smaller steel-making hubs.
L N Mittal In an interview to the Financial Times in Tokyo, Mittal has said his new strategy was to create many small steel-making hubs across the country, each capable of mak
Villagers Sign Binding Agreement With Steelmaker; Hopes To Get Remaining 1,000 Acres By December
STEEL giant ArcelorMittal, which has faced delays in acquiring land for its steel projects over the past four years, has signed a binding memorandum of understanding with the villagers of Bokaro for its proposed 12-million tonne greenfield project.
New Delhi, Sept. 8: The coal ministry has decided to issue show-cause notices to various coal companies to de-allocate 93 coal and four lignite blocks for not making sincere efforts for the development of these blocks for the past several years.
The decision was taken at a high-level meeting recently held in the ministry.
New Delhi: ArcelorMittal, the world's largest steel-maker, is in discussions with Indiabulls Group to form a joint venture company for scouting and mining iron ore in Rajasthan and setting up a steel plant.
"The discussions are on (between ArcelorMittal and Indiabulls to form a JV company).
