The two phases of expansion at Hazira, Gujarat, along with downstream, are expected to cost Rs 50,000 crore
The EU has not given a deal fast-track "simplified" status that would allow for a quick approval. The deadline for ruling on the deal is July 9.
While announcing the earnings, which was the best in a decade for ArcelorMittal, the company said in the 1Q21, AMNS India achieved solid production, annualising at 7.3 million tonnes (Mt)
As India continues to battle against Covid-19, Luxembourg-based ArcelorMittal CEO Aditya Mittal on Monday said the situation in the country is heartbreaking
Some have temporarily shut down units in the wake of rising Covid cases, but at least three major suppliers to the auto industry said the move was unlikely to impact negotiations
ArcelorMittal is the world's top steelmaker
Oommen says major customers have indicated the current surge in Covid cases may have a limited impact on demand, but the situation is being closely monitored
Steel prices started rallying from March after the Chinese New Year holiday
Infosys to deliver next-generation application and business process management services to ArcelorMittal
Sapan was a senior partner at Shardul Amarchand Mangaldas, one of India's largest law firms
The company would close a blast furnace in each of the two plants and build electric arc furnaces for scrap smelting
Six other firms, including four steelmakers, had submitted an expression of interest (EOI) for the debt-laden firm
India's public debt at 89.3% of GDP is one of the highest among EMs
The world's leading steel and mining company ArcelorMittal will invest more than Rs 50,000 crore in Gujarat, Chief Minister Vijay Rupani said on Sunday
The MoU for the Odisha plant comes shortly after AM/NS India completed a year of operations
The plant, coming up at Kendrapara, is in addition to other investments of AM/NS in the state such as 6MTPA pelletization plant in Paradeep, beneficiation complex in Keonjhar and slurry pipeline
Chief Minister Naveen Patnaik and steel tycoon Lakshmi N Mittal were present during the signing of the Memorandum of Understanding (MoU) at Lokaseva Bhavan
A coke battery stack at the steel plant collapsed, the company said
Aditya Mittal is now president, chief financial officer (CFO) and chief executive officer (CEO) ArcelorMittal Europe.
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