NRI steel tycoon Lakshmi Mittal has donated 15 million pounds towards creation of a landmark art installation in East End in honour of the 2012 Olympics.

Mittal decided to make the donation at the instance of London Mayor Boris Johnson, 'Evening Standard', a tabloid has said.

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Mittal was this year named the eighth richest person in the world and one of the richest in UK, with a personal fortune of 12 billion pounds.

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