No information on Mittal pullout, say Orissa, JharkhandOctober 5th, 2009 BHUBANESWAR/RANCHI - A day after a noted British paper said steel giant ArcelorMittal was close to pulling out its proposed steel projects in Jharkhand and Orissa, the states Monday said they had not received any communication in this regard. "I have no information on that.
Mittal pullout: Jharkhand says it has no informationOctober 5th, 2009 RANCHI - A day after a noted British paper said steel giant ArcelorMittal was close to pulling out of its proposed steel projects in Jharkhand and Orissa, the Jharkhand government Monday said it had not received any communication from the steel maker in this regard. "We have no information that ArcelorMittal is planning to wind up its greenfield steel project in the state," Jharkhand Industries Secretary N.N.
Land acquisition major problem for Orissa's mega projectsSeptember 17th, 2009 BHUBANESWAR - The Orissa government, which Thursday reviewed the progress of 14 greenfield projects underway in the state, said most of the companies setting up these projects have not completed land acquisition. "Acquiring land is the biggest problem before these mega projects.
ArcelorMittal posts loss of $800 mn in second quarterJuly 29th, 2009 LONDON - 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.
India's steel output to touch 124 mt by 2011-12: MinisterJuly 11th, 2009 BHILAI - India's steel production will surge to 124 million tonnes (MT) per annum by 2011-12 from the current figure of 65 mt, Steel Minister Virbhadra Singh said here Saturday. "There is a massive expansion going on in the steel sector in country, both in the public and private sectors, that will see India becoming a major steel producer by 2011-12 when its steel production will be 124 mt from the present production of 65 mt," the minister said at a press conference here.
Arcelor-Mittal to re-open furnace in Belgium plantJuly 5th, 2009 BRUSSELS - 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 result of falling demand of steel worldwide due to the current economic crisis.
Helping steel majors set up units top priority: Virbhadra SinghJune 28th, 2009 SHIMLA - The priority of his ministry would be to help steel majors set up their stalled projects, Steel Minister Virbhadra Singh said here Sunday. "The priority of our government is to enable steel majors like Mittal Steel, Essar Steel, the Jindal group and Posco set up their units in the country," Singh told IANS in an informal interaction at his residence.
Villagers oppose proposed Arcelor Mittal plant in JharkhandJune 7th, 2009 BANAI TOLI - 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. Arcelor Mittal has identified 11,000 acres of land overlapping the districts of Khuti and Gumla to set up a 12 million tonne steel plant.
Not easy to work in India: L.N. MittalApril 29th, 2009 LONDON - ArcelorMittal, the world's biggest steel manufacturing company, is finding India a difficult country to work in, its chief executive and chairman Lakshmi Niwas Mittal said Wednesday. 'We realise it's not easy to build greenfield projects in India,' Mittal said at a press conference held to announce first quarter results for his Luxembourg-based company.
India imposes anti-dumping duties on stainless steelApril 23rd, 2009 NEW DELHI - 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 were landing at below the normal value. 'The domestic industry had suffered material injury,' said a notification by the Central Board of Customs and Excise.
Steel czar Lakshmi Mittal is top soccer billionaireApril 12th, 2009 WASHINGTON - Despite plunging steel prices, Indian-born steel czar Lakshmi Mittal with a net worth of $19.3 billion remains the world's richest soccer club owner in the Forbes list of soccer billionaires. 'Anybody can buy a ticket to a soccer game; these moguls own the teams on the field,' the American business publication said about the top soccer 10 ten picked up from its list of the World's Billionaires published in March.
ArcelorMittal shuts down blast furnace at Belgian plantApril 8th, 2009 BRUSSELS - 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 staff manager Guy Bontinck said that the workforce should not fear for their jobs.
2009 will be make or break year for Lakshmi MittalMarch 29th, 2009 WARSAW - 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, say industry watchers. Arcelor Mittal is the world's largest steel producing company and it has several plants in Western Europe, Eastern Europe, including Poland where it controls 70 percent of steel production, South Africa and Brazil.
Protest against Jindal Steel, Hindalco projects in JharkhandMarch 3rd, 2009 RANCHI - Hundreds of farmers staged a protest here Monday against the acquisition of land for projects envisaged by aluminium major Hindalco, and steel manufacturer Jindal Steel and Power. 'We will lay down our lives but will not give an inch of land to Jindal Steel and Hindalco,' the protesters shouted as they marched to the governor's residence to lodge their protest.
Project delays prevent over 160,000 job creationsMarch 1st, 2009 NEW DELHI - India has lost the opportunity of employing more than 160,000 people with 18 major steel, power and auto projects getting delayed over land acquisition and forest and environment clearance issues, says a study by a business chamber. According to the study by the Associated Chambers of Commerce and Industry (Assocham), 'the 18 strangled projects of India Inc to the tune of Rs.244,815.5 crore (Rs.2.45 trillion) remained on papers, in the form of memorandum of understanding (MoU) and agreements over the past three-four years'.
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