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Lakshmi Mittal's journey a year after he came home to buy Essar Steel

It has been a mixed bag for the firm he renamed AMNS India, and while the pain of the downturn and the pandemic has subsided, other issues remain

Lakshmi Mittal | ArcelorMittal | Lockdown

Ishita Ayan Dutt  |  Kolkata 

Lakshmi Mittal
A late entrant to the India market, Mittal has “high” aspirations for AMNS India, as he mentioned in his inaugural letter to employees.

It’s been a year since came home with the acquisition of (renamed AMNS India) through India’s new insolvency law, after fighting a famously protracted legal battle that played out in different courts of India. But it’s not just the entry that was dramatic, the year that followed was riddled with one of the biggest challenges as the Covid-19 pandemic struck the Rs 42,000 crore acquisition.



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First Published: Mon, December 14 2020. 18:35 IST