 "essar")
ArcelorMittal, the world’s largest steel maker, officially set foot in India for the second time and in a much bigger way. It closed a Rs 42,000 crore deal with the lenders of Essar Steel along with Nippon Steel on Monday.
In a statement, ArcelorMittal said it had established a joint venture with Nippon Steel Corporation called ArcelorMittal Nippon Steel India (AM/NS India), which will own and operate ESIL.
ArcelorMittal holds 60 per cent of AM/NS India; the rest is with Nippon Steel.
ArcelorMittal holds 60 per cent of AM/NS India; the rest is with Nippon Steel.
ArcelorMittal announced that Aditya Mittal, president and CFO of ArcelorMittal, had been appointed chairman of AM/NS India
