New Delhi | 3 days ago
India will become 2nd largest steel maker by 2012: Virbhadra Singh
New Delhi, Feb 10 - India will become the world's second largest steel producer by 2012, more than doubling its capacity of 57 million tonnes as part of push being given to assist overall infrastructure development, Steel Minister Virbhadra Singh has said.'I have set a target of 124 million tonnes by 2012. Yes, we will become the world's second largest steel producer. But more importantly, India h ... read more

Bangalore | 8 days ago
ArcelorMittal picks new site for Karnataka plant
Bangalore, Feb 5 - ArcelorMittal, the world's largest steelmaker, will set up an integrated steel plant at Kudithini in the iron ore mining Bellary district of north Karnataka at an estimated cost of Rs.300 billion -, an official said Friday.'The Indian subsidiary of ArcelorMittal has decided to set up the six-million tonnes per annum - steel plant at Kudithini in Bellary district instead of a sit ... read more

16 days ago
Mukesh Ambani, Lakshmi Mittal among 'World's Most Powerful Billionaires'
Washington, Jan 28 - Two Indians, energy mogul Mukesh Ambani and steel czar Lakshmi Mittal, have made it to the Forbes list of 'World's Most Powerful Billionaires' combining massive fortunes with political clout. 'Through his industrial might, India's richest person, Mukesh Ambani, ranks eighth,' in the US business magazine's annual list topped by Michael Bloomberg, mayor of New York City. Mitta ... read more

London | 19 days ago
ArcelorMittal gives $1mn to rehouse Haiti quake victims
London, Jan 25 - ArcelorMittal, the world's largest steelmaker, Monday pledged a million dollars to help build houses in Port-au-Prince following the massive earthquake that struck the Haitian capital earlier this month.The money will help relief efforts in Port-au-Prince following the devaqstating 7.0-magnitude earthquake that struck Jan 12, killing more than 100,000 people. Tens of thousands of ... read more

6 months ago
Steel projects worth $26 bn pending in Jharkhand: Report
Ranchi, Aug 4 - Steel projects worth Rs.125,940 crore - are hanging in the balance in Jharkhand as the state government is yet to give approvals to them, an industry lobby report said Tuesday. The report by the Associated Chambers of Commerce and Industry -, said: 'Steel players like ArcelorMittal, Tata Steel and others are waiting for different forms of clearances for the last four years, which ... read more

6 months ago
Swraj Paul can continue funding Labour
London, Aug 2 - A new law to curb British party political funding by wealthy individuals who are registered as 'non-domiciled' for tax purposes will not be enforced immediately, Indian origin industrialist Swraj Paul said Sunday. 'The effective date of enforcement has to be decided,' Paul, chairman of the Caparo Group of industries and a major donor for Britain's ruling Labour Party, told IANS. ... read more

6 months ago
You can be L.N. Mittalae's tenantae for 10,000 pounds a week
London, July 30 - It hasnaet been a brilliant week for Lakshmi Niwas Mittal. First the chairman and main owner of steelmaker ArcelorMittal was reported to have put his as Summer Palacement, an 11-bedroom mansion set over an acre of land in north London, for rent. Then his company reported losses for the third consecutive quarter. Like his other neighbours on The Bishops Avenue in Hampstead local ... read more

6 months ago
ArcelorMittal posts loss of $800 mn in second quarter
London, July 29 - Global steel giant ArcelorMittal, founded by Indian born L.N. Mittal, Wednesday reported a net loss of $800 million for the second quarter of this year but hoped for a much better performance in the ensuing months. The huge loss was largely due to an exceptional pre-tax charge of $1.2 billion. 'The first six months of the year have been some of the most challenging the steel i ... read more

6 months ago
ArcelorMittal posts loss of $800 mn in second quarter
London, July 29 - Global steel giant ArcelorMittal, founded by Indian born L.N. Mittal, Wednesday reported a net loss of $800 million for the second quarter of this year but hoped for a much better performance in the ensuing months. The huge loss was largely due to an exceptional pre-tax charge of $1.2 billion. 'The first six months of the year have been some of the most challenging the steel i ... read more

6 months ago
ArcelorMittal posts loss of $800 mn in second quarter
London, July 29 - Global steel giant ArcelorMittal, founded by Indian born L.N. Mittal, Wednesday reported a net loss of $800 million for the second quarter of this year but hoped for a much better performance in the ensuing months. The huge loss was largely due to an exceptional pre-tax charge of $1.2 billion. 'The first six months of the year have been some of the most challenging the steel i ... read more