arcelor

Once bitten, Karnataka not shy to woo investors again


June 6th, 2012 - 1:39 pm ICT by IANS
Bangalore, June 6 (IANS) Unfazed by the poor record of implementing the investment proposals that were flagged at the previous Global Investors' Meet (GIM 2010), the Karnataka government is ... Read more...

Posted in Business |

Orbit tower unveiled in London’s Olympic park


May 12th, 2012 - 5:11 pm ICT by IANS
London, May 12 (IANS) Arcelor Mittal Orbit, the tallest sculpture in United Kingdom was unveiled in the Olympic park of London ahead of the Olympic Games Friday.The 114.5-metre-tall steel tower ... Read more...

Posted in Sports |

Hong Kong based businessman cheated by two Delhi con men


February 3rd, 2012 - 12:38 am ICT by IANS
New Delhi, Feb 2 (IANS) A Hong Kong-based Indian businessman has alleged he was cheated to the tune of Rs.2.55 crore by two Delhi residents who promised to supply ... Read more...

Posted in Uncategorized |

Will Reliance official’s killing hamper investment in Jharkhand?


April 7th, 2011 - 6:19 pm ICT by IANS
Ranchi, April 7 (IANS) The killing of Reliance Power's general manager by Maoists in Jharkhand has escalated fears among local businessmen that the incident might send a wrong signal to ... Read more...

Posted in Business |

Arcelor-Mittal signs $6 bn credit facility agreement


March 22nd, 2011 - 6:43 pm ICT by IANS
New Delhi, March 22 (IANS) World's leading steel producer Arcelor-Mittal Tuesday said it has signed a new five-year credit agreement with leading international banks worth $6 billion, which would replace ... Read more...

Posted in Uncategorized |

Arcelor, partner in virtual takeover of iron-ore giant


February 19th, 2011 - 2:34 pm ICT by IANS
By Gurmukh Singh Toronto, Feb 19 (IANS) With their final offer of buying the remaining common shares expiring Thursday, ArcelorMittal and Nunavut Iron Ore Acquisition have almost acquired total control of Toronto-based ... Read more...

Posted in Business |

Will strengthen rural bodies first, industrialisation later: Jharkhand CM (Interview)


December 23rd, 2010 - 12:22 pm ICT by IANS
By Nityanand Shukla Ranchi, Dec 23 (IANS) Jharkhand Chief Minister Arjun Munda, who had in his earlier stint signed a slew of agreements with private companies to industrialise the state, now says ... Read more...

Posted in Business |

Wealth of 100 richest Indians pegged at $300 bn by Forbes


September 30th, 2010 - 2:16 pm ICT by IANS
Washington, Sep 30 (IANS) The net worth of 100 wealthiest Indians is estimated at $300 billion by Forbes Magazine, which ranks the two Ambani brothers, Mukesh and Anil, first and sixth respectively ... Read more...

Posted in Business |

Brit Indian architect told to take Olympic tower back to drawing board


August 11th, 2010 - 6:49 pm ICT by ANI
London, Aug.11 (ANI): Britain's Commission for Architecture and the Built Environment (CABE) has asked Indian-origin architect Anil Kapoor to take his proposed "Arcelor-Mittal Orbit" back to the drawing board.The 114-meter-tall tower, which ... Read more...

Posted in Feature |

More efforts required to cross 200 million tonnes steel production: Virbhadra Singh


July 16th, 2010 - 9:32 pm ICT by ANI
New Delhi, Jul 16 (ANI): Minister for Steel Virbhadra Singh said on Friday that more concerted efforts are required to see that steel capacity goes beyond 200 million tonnes by 2020.Addressing ... Read more...

Posted in National |

Global Investors Meet assures greater economic prosperity in Karnataka


June 4th, 2010 - 2:32 pm ICT by ANI
Bangalore, June 4 (ANI): The ambitious Global Investors Meet-2010, which has been hosted to lure entrepreneurs in Karnataka, received an overwhelming response here on Thursday.On the very first day, around 400 MoUs ... Read more...

Posted in National |

Jharkhand to ban use of agriculture land for industries


April 12th, 2010 - 3:36 pm ICT by IANS
Ranchi, April 12 (IANS) The Jharkhand government will soon formulate a law banning transfer of agriculture land for industrial use, Agriculture Minister Mathura Mahto said here Monday. "We will soon formulate a ... Read more...

Posted in Business |

Jharkhand concerned about Arcelor Mittal steel project


January 9th, 2010 - 4:09 pm ICT by IANS
Ranchi, Jan 9 (IANS) Jharkhand Deputy Chief Minister Raghubar Das said the government was concerned about the delay in the Arcelor Mittal steel project and would help in setting up its plant ... Read more...

Posted in Business |

Steel giants Arcelor and POSCO gear up for new ventures in Karnataka


January 8th, 2010 - 2:04 pm ICT by ANI
New Delhi, Jan 8 (ANI): The world's leading steelmakers ArcelorMittal and POSCOhave plans to invest 14 billion dollars in India, despite a several delays in their existing and proposed projects in ... Read more...

Posted in National |

Villagers protesting Mittal plant release officials


October 15th, 2009 - 5:21 pm ICT by IANS
Bhubaneswar, Oct 15 (IANS) Ten state government officials held Wednesday by villagers, protesting a proposed steel plant by Arcelor Mittal in Orissa's Keonjhar district, were released Thursday, an official said. "They were demanding ... Read more...

Posted in Business |

Arcelor-Mittal to re-open furnace in Belgium plant


July 5th, 2009 - 4:48 pm ICT by IANS
Brussels, July 5 (IANS) Steelmaker Arcelor-Mittal would re-open the second blast furnace at its plant in Ghent, Belgium, in August, EuAsiaNews reported Sunday. The furnace was closed down in April as a ... Read more...

Posted in Business |

Villagers oppose proposed Arcelor Mittal plant in Jharkhand


June 7th, 2009 - 10:57 pm ICT by ANI
Banai Toli (Jharkhand), June 7(ANI): Villagers in Jharkhand's Khuti and Gumla districts have turned an agitated lot over the plans to set up a steel plant by multinational steel giant Arcelor Mittal. ... Read more...

Posted in National |

Key issues before ministers on economic policy matters


May 28th, 2009 - 11:16 pm ICT by IANS
New Delhi, May 28 (IANS) Following are some of the key policy issues expected to be addressed by the newly-inducted ministers in Prime Minister Manmohan Singh's government with economic portfolios: Commerce and ... Read more...

Posted in Business |

India imposes anti-dumping duties on stainless steel


April 23rd, 2009 - 5:59 pm ICT by IANS
New Delhi, April 23 (IANS) India has imposed anti-dumping duties on certain types of stainless steel that are imported from a host of countries including China and Japan after finding that they ... Read more...

Posted in Business |

Arcelor-Mittal to delay India steel projects


April 15th, 2009 - 7:48 pm ICT by IANS
New Delhi, April 15 (IANS) Global meltdown and falling demand have forced Arcelor-Mittal to delay by two years their proposed steel projects in Orissa and Jharkhand, estimated at $20-25 billion, its India ... Read more...

Posted in Business |

ArcelorMittal shuts down blast furnace at Belgian plant


April 8th, 2009 - 10:40 pm ICT by IANS
Brussels, April 8 (IANS) Steel giant ArcelorMittal is shutting down one of two furnaces in its Ghent plant in western Belgium, EuAsiaNews reported quoting local media. The closure will be temporary and ... Read more...

Posted in Business |

2009 will be make or break year for Lakshmi Mittal


March 29th, 2009 - 2:57 pm ICT by IANS
By Surender Bhutani Warsaw, March 29 (IANS) With the steel industry shrouded in doom and gloom, Arcelor Mittal chairman Lakshmi Mittal may have to make major adjustments in his steel empire this year, ... Read more...

Posted in World |

ArcelorMittal fined $415 mn by French competition council


December 16th, 2008 - 10:52 pm ICT by IANS
Paris, Dec 16 (IANS) The French competition council Tuesday slapped a fine of about 302 million euros ($415 million) on ArcelorMittal, the steel giant led by the India-born Lakshmi Mittal, after a ... Read more...

Posted in World |

Mittal warns that delays raising costs of India projects


September 10th, 2008 - 5:33 pm ICT by ANI
New Delhi, Sept 10 (ANI): Arcelor Mittal is facing cost overruns for its projects in India because of delays in securing regulatory approvals, and is looking to expand in other emerging ... Read more...

Posted in National |

Arcelor-Mittal puts Chinese stake plan on hold


August 4th, 2008 - 2:33 pm ICT by ANI
London, Aug.4 (ANI): Arcelor-Mittals CEO and main shareholder Lakshmi Mittal has put his plans for taking a majority stake in a Chinese steel maker on hold. According to the London-based Financial Times, ... Read more...

Posted in National |

ArcelorMittal, Posco buy stakes in Oz mining firm


June 30th, 2008 - 1:17 pm ICT by ANI
Melbourne, June 30 (ANI): Global steel giants ArcelorMittal and Posco have bought stakes in Macarthur Coal, raising the possibility of a bidding war for the Australian mining company.ArcelorMittal, the worlds largest ... Read more...

Posted in National |

Arcelor-Mittal proposal for foreign investment among 13 cleared


June 13th, 2008 - 7:00 pm ICT by IANS
New Delhi, June 13 (IANS) A proposal from global steel-maker Arcelor-Mittal to set up a holding company in India for various projects was among 13 proposals on foreign direct investment worth Rs.15.27 ... Read more...

Posted in Business |

Orissa tribals protest Rs.400 bn Arcelor Mittal project


May 26th, 2008 - 9:33 pm ICT by admin
Bhubaneswar, May 26 (IANS) Hundreds of tribals Monday staged a demonstration to protest the proposed Rs.400-billion steel plant by global major ArcelorMittal in Keonjhar district of Orissa. The protestors shouted slogans like ... Read more...

Posted in Uncategorized |

Arcelor-Mittal targets global iron ore and coking coal lock-up


May 23rd, 2008 - 4:46 pm ICT by admin
Melbourne, May 23 (ANI): Steel tycoon Lakshmi Mittal's decision to spend 630 million Australian dollars for a 14.9 percent stake in Australia's Macarthur Coal is aimed at cornering supplies of iron ... Read more...

Posted in National |

Arcelor-Mittal acquires nearly 15 percent stake of Australian coal giant Macarthur


May 21st, 2008 - 1:40 pm ICT by admin
Melbourne, May 21 (ANI): Indian-owned steel conglomerate Arcelor-Mittal has acquired a 14.9 per cent stake in Australias Macarthur Coal and entered into discussions with company regarding a potential transaction. Macarthur, the supplier ... Read more...

Posted in National |

Arcelor Mittal plant in Trinidad closed after worker’s death


May 15th, 2008 - 12:55 pm ICT by admin
By Paras Ramoutar Port of Spain, May 15 (IANS) All operations at the Arcelor Mittal steel plant here came to a halt as government officials began investigations into the death of an Indo-Trinidadian ... Read more...

Posted in Uncategorized |

ArcelorMittal steel group sells off US steel mill


May 11th, 2008 - 2:53 pm ICT by admin
Paris, May 11 (ANI): The worlds largest steel group ArcelorMittal has said that it has finalised the 810 million dollars sale of a plant in the United States to Russian Steelmaker ... Read more...

Posted in National |

Russian steel maker Severstal to buy US mill


May 8th, 2008 - 9:23 pm ICT by admin
RIA Novosti Moscow, May 8 (RIA Novosti) Russia's largest steel producer Severstal said Thursday it had finalised a deal to purchase the US-based Sparrows Point steel mill from ArcelorMittal for $810 million. The ... Read more...

Posted in World |

Jharkhand asked to end row over iron ore mines


April 24th, 2008 - 11:41 am ICT by admin
By Nityanand Shukla Ranchi, April 24 (IANS) A dispute over the Chiria iron ore mines in mineral-rich Jharkhand has left hanging several major steel projects, among which two of them promise to produce ... Read more...

Posted in Business |

Russia’s Severstal to buy ArcelorMittal’s US steel mill


April 16th, 2008 - 8:00 pm ICT by admin
RIA Novosti Washington, April 16 (RIA Novosti) The US Department of Justice has approved a $810 million deal allowing Russia's largest steel producer Severstal to purchase a US steel mill from ArcelorMittal, media ... Read more...

Posted in Business |

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