Don’t miss the latest developments in business and finance.

ArcelorMittal says India plans may get delayed

Image
Press Trust Of India New Delhi
Last Updated : Jan 21 2013 | 4:10 AM IST

Waiting for six years to get $30 billion projects implemented in India, Lakshmi Mittal-promoted ArcelorMittal said on Wednesday its investment may not materialise for another five years. “While remaining committed to its proposed investments, ArcelorMittal recognises that patience and a significantly longer timeframe are required to realise mega projects in India. We don't expect new projects materialising in the next five years,” the company said.

More From This Section

First Published: May 10 2012 | 12:40 AM IST

Next Story