AM/NS India, a joint venture between ArcelorMittal and Nippon Steel, and HMEL, a partnership between Hindustan Petroleum and Mittal Energy Investments, has announced a package of support to strengthen India’s capacity to protect families and communities impacted by the virus. Continue Reading
Following the Supreme Court verdict on Essar Steel resolution plan, global steel giant ArcelorMittal said it expects to complete the acquisition of the debt-ridden company by the end of this year.
“ArcelorMittal announces that it has received European Commission (EC) approval for the sale of several steel-making assets to Liberty House Group,” NRI billionaire L N Mittal-led ArcelorMittal said in a statement Wednesday. Continue Reading
ArcelorMittal’s prolonged bid to buy debt-ridden Essar Steel is delaying the world’s biggest steelmaker’s joint venture with State-owned Steel Authority of India Ltd (SAIL), India’s Steel Minister and SAIL’s Chairman has said. Continue Reading