London: India does not figure among ArcelorMittal's top investment priorities as its $30 billion steel projects face long delays, Chairman L N Mittal said on Thursday. However, the country from where UK-based billionaire comes from remains a priority for the world's largest steel producer. "India is always in our top of the list in terms of priority because we see so much of potential and growth and we see the...
11:10 PM, May 10, 2012
Luxembourg: ArcelorMittal's planned steel plant investments in India are likely to be stalled for years, the company's chief executive said on Tuesday. "We continue to experience difficulties in India. My belief is that the Indian projects may not see the light for five to 10 years," Lakshmi Mittal told the company's annual shareholder meeting. Asked by Reuters later to expand on this view, Mittal said he might have overstated the...
10:52 PM, May 08, 2012
New York: India is home to over four per cent of the world's billionaires, including the likes of the Ambani brothers, Azim Premji and NR Narayan Murthy alongside Warren Buffet and Bill Gates in Forbes magazine's annual list of the world's richest people. Forbes's list of 1226 billionaires is topped by Mexico's 72-year-old telecom czar Carlos Slim, boasting of a networth of $ 69 billion. Slim retained his title as...
08:26 AM, Mar 08, 2012
Islamabad: Pakistani authorities have turned down a proposal by India-origin steel magnate Lakshmi Mittal's company ArcelorMittal to invest in a coal project in the Thar desert of Sindh province, a media report said on Tuesday. The offer by Mittal's company to invest in the Thar coal project was brokered through a consultancy firm in Dubai, a senior unnamed official of the Sindh government told 'The Express Tribune'. "The reason for...
09:18 PM, Dec 06, 2011
London: Lakshmi Mittal, the NRI steel tycoon with a fortune estimated at 15.5 billion pounds, is the most powerful Asian in Britain, according to a new list of eminent Asians in the country. Mittal, 61, Chairman of the Board of Directors and CEO of ArcelorMittal, the world's leading integrated steel and mining company, heads the Power list of 101 in the category of Industry published by Eastern Eye, a weekly...
12:14 PM, Nov 24, 2011
The slow pace of capacity addition ails the Indian steel industry and PK Misra, the top bureaucrat at the countr's steel ministry, is trying hard to find a solution. For the past few weeks, Misra's team is weighing the pros and cons of what could be a one-shot solution, ultra mega steel projects or UMSPs. On paper, these mega steel plants look promising. Each of these steel plants will have...
01:21 PM, Aug 16, 2011
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02:58 PM, Jan 07, 2011
Lakshmi Mittal says shifting Orissa project to Karnataka possible. ...
04:33 PM, Jan 07, 2010
World's largest steelmaker clarifies position on Jharkand, Orissa projects. ...
06:16 PM, Oct 05, 2009
Job cuts necessary as demand has fallen sharply says the ArcelorMittal. ...
11:07 AM, Dec 04, 2008
Lakshmi N Mittal lost $16 billion (₤9 billion) in just 120 days due to recession-hit stock market. ...
08:42 PM, Oct 05, 2008
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