16.6.08

Arcelor Mittal's India plans

Arcelor Mittal, the world’s largest steel maker, is “very bullish” about India and is committed to invest nearly $25 billion in the country. Besides investing $10 billion each in Orissa and Jharkhand on 12 million tonnes Green Field Steel Project each, the company proposes to have more customer-oriented projects such as Service Centres in the country. Arcelor Mittal is also working in joint venture in Chennai in stainless steel, mainly for the automotive sector.

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