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Centre to hear concerns of ArcelorMittal, Posco, Orissa19-OCT-09
A meeting of officials of the Orissa government, ArcelorMittal and Posco will be held this week to clear the hurdles delaying investment of around Rs one lakh crore in the state by the two global steel giants.
ArcelorMittal to sell stake in Canadian firm11-OCT-09
World’s largest steel maker ArcelorMittal will sell its 28.6 per cent stake in Canada-based Wabush Mines for about $34.28 million.
Orissa govt taken aback at Mittal withdrawal06-OCT-09
Long before L N Mittal told a British newspaper that he may pull out of the 12 million tonne greenfield steel project in Orissa, the writing was on the wall. The sequence of developments on the projects, since the signing of the agreement between ArcelorMittal and the state government in December, 2006 had already put it in the ‘doubtful’ category.
Govt sets up trust to implement projects funded by diaspora05-OCT-09
The Union government has set up a non-profit trust which would serve as a single-window platform to implement projects funded by overseas Indians in the social sector.
ArcelorMittal to step up focus on emerging mkts28-SEP-09
The world's largest steel-maker ArcelorMittal will focus more on emerging markets, including India, and expects to return to the pre-crisis level by 2012, the company's chief Lakshmi N Mittal has said.
Kolkata potters join e-selling22-SEP-09
Working out of their tiny tents in the dingy bylanes of north Kolkata, potters of Kumartuli are now banking upon the Internet to reach out to the overseas clients.
ArcelorMittal may shift Rs 50k-crore project within Jharkhand22-SEP-09
Facing resistance from villagers to acquire land in Khunti for its proposed Rs 50,000-crore steel plant, ArcelorMittal group is considering an option to shift the project to another location within the state of Jharkhand, a state government official said here.
ArcelorMittal may shift Rs 50K cr project within Jharkhand21-SEP-09
Facing resistance from villagers to acquire land in Khunti for its proposed Rs 50,000-crore steel plant, ArcelorMittal group is considering an option to shift the project to another location within the state of Jharkhand, a state government official said here.
Everyone's friend loses one03-AUG-09
Petroleum Minister Murli Deora’s actions, or at least Anil Ambani’s interpretation of them, may have got the government into all manner of embarrassment, but the greatest loss is undoubtedly Deora’s. Anil Ambani’s decision to openly accuse Deora of siding with elder brother Mukesh Ambani, in a sense, is a big defeat for everything Deora stands for.
ONGC gets nod to partner L N Mittal for Kazakh venture01-AUG-09
The government has given ONGC its approval to partner Lakshmi N Mittal for buying 25 per cent stake in Kazakhstan’s prospective Satpayev oilfield in the Caspian Sea.
ONGC gets nod to partner Mittal for Satpayev stake buy31-JUL-09
The government has given Oil and Natural Gas Corp (ONGC) nod to partner billionaire Lakshmi N Mittal for buying out 25 per cent stake in Kazakhstan's prospective Satpayev oilfield in the Caspian Sea.
ArcelorMittal to push India projects forward to meet demand29-JUL-09
ArcelorMittal wants its India projects, stuck in securing regulatory approvals, pushed forward to cash in on the demand for steel in the country.
Leaving India was my biggest challenge: L N Mittal28-JUN-09
It's not the economic slowdown but leaving India was the biggest challenge for India-born billionaire Lakshmi Niwas Mittal.
Worst behind us, pre-recession demand in 2-3 years: Mittal26-JUN-09
Emphasising that the worst is over for the global steel industry, ArcelorMittal chief L N Mittal today said that he sees "pre-recession" demand to resurface in the next 2-3 years.
Mittal concerned at China's sops for steel shipment24-JUN-09
"The recovery could also be negatively impacted by possible increases in subsidies and instances of dumping.
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