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| Obstacles may impede India growth story | 16-NOV-09 |
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| India was the most promising market but obstacles could impede the speed at which India reached the full extent of the promise, said Sudhir Maheshwari, member of group management board responsible for corporate finance, M&A and business development (including India) and risk management of ArcelorMittal. Addressing the 47th National Metallurgists’ Day Celebration of the Indian Institute of Metals, Maheswari clarified, “We remain fully committed to our announced greenfield projects in Jharkhand and Orissa. We are looking for other alternatives of land acquisition to accelerate realisation of our plans.” ArcelorMittal’s two 12 million tonne steel plants in Jharkhand and Orissa were running behind schedule on account of problems with land acquisition. |
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| ArcelorMittal buys 13.8% in Czech arm | 12-NOV-09 |
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| The world's largest steel maker, ArcelorMittal, today said it would acquire additional 13.8 per cent stake in its Czech arm ArcelorMittal Ostrava for $404.3 million (around Rs 1,900 crore). |
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| ArcelorMittal open offer for Uttam Galva delayed | 10-NOV-09 |
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| ArcelorMittal's bid to enter India by acquiring additional stakes in Uttam Galva through an open offer has hit the regulatory road block and the company is now expecting to close the offer only in January next year. |
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| Tempered | 29-OCT-09 |
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| ArcelorMittal: ArcelorMittal is firmly out of crisis mode. The world’s largest steelmaker, led by billionaire industrialist Lakshmi Mittal, delivered an unexpected return to profitability in the third quarter – after nine months of consecutive losses. Arcelor is nevertheless right to be rein in shareholders’ expectations. |
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| Orissa to access local mood before Lee visit to Posco site | 23-OCT-09 |
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| The Orissa government today said it would assess the local situation in the trouble-hit site for Posco's proposed Rs 50,000-crore steel plant before allowing South Korean President Lee Myung-bak to visit the place in January. |
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| Centre advises Orissa to meet Posco, ArcelorMittal | 20-OCT-09 |
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| At the advice of the Centre, the Orissa government is convening a meeting this week with Posco and ArcelorMittal to resolve issues like land acquisition and mining leases which are blocking Rs 1 lakh crore investment plans by the two global steel giants in the state. |
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