Page 2 - Lakshmi Mittal

ArcelorMittal keen to expand presence in India, govt assures full support

Global steel major ArcelorMittal is keen to expand its presence in India, Steel Minister Dharmendra Pradhan said on Saturday. Pradhan, who met ArcelorMittal Chairman and CEO Lakshmi Niwas Mittal here, assured him of full support to leverage the country's large market. The meeting comes a day after ArcelorMittal initiated payment of Rs 42,000 crore for acquiring debt-laden Essar Steel, which it had won in an insolvency process. "Had a fruitful meeting with Mr. Lakshmi Niwas Mittal, Chairman & CEO of ArcelorMittal @ArcelorMittal. We had wide ranging discussions on ways to boost domestic steel production through technology upgradation & attracting more investments in the steel sector, " Pradhan said in a tweet. In another tweet, the minister said ArcelorMittal is keen to expand its presence in India and he has assured the company of full support and cooperation to help leverage India's large and diverse market, rising demand and investor friendly regime. The decks for acquisition

In a weak market, homecoming costs Lakshmi Mittal Rs 49,670 crore

High value of stressed steel assets reflect the uncertainty of putting up a greenfield projects in India apart from the cost which is $1 billion for a million tonne capacity

The homecoming of Lakshmi Mittal: A story of long waiting periods

Lakshmi Mittal's first attempt to bring home ArcelorMittal was in 2005. Amid much fanfare, the company signed a deal with Jharkhand chief secretary P P Sharma for a 12 mt steel plant

Kumar Mangalam Birla gets UAE govt-backed ABLF Global Asian Award

Says his group hopes to play a part in making India emerge as an economic super power over the next decade

Forbes India rich list 2019: Mukesh Ambani retains top spot, Adani second

Overall, the total wealth of the tycoons on the 2019 Forbes India Rich List shrank 8 per cent to $452 bn from a year ago

Pramod Mittal's detention in Bosnia an attempt at hostile takeover: GSHL

About 14 years back, GSHL - a holding company for Pramod Mittal companies - had taken over the management of GIKIL

Bosnian court grants bail to Pramod Mittal, 2 others in fraud case

The cantonal court in the northern Bosnian town of Tuzla also ordered Mittal to deposit 21 million marka for alleged damages to a company he had run in Bosnia

Lakshmi Mittal's brother held in Bosnia for suspected fraud, abuse of power

The case is related to the running of a coking plant in the northeastern town of Lukavac, which Pramod Mittal has co-managed since 2003

Homecoming costs Lakshmi Mittal $7 billion in year of legal drama

Mittal's global giant ArcelorMittal is nearing the end of a yearlong battle to break into India with the $5.9-billion acquisition of Essar Steel

Lakshmi Mittal donates $25 mn to Harvard University

Harvard's South Asia Institute would be called as Lakshmi Mittal South Asia Institute at Harvard University

L N Mittal's South African steel operations to shed jobs

To retrench staff as part of restructuring plans amid growing losses