There seem to be some more delays in the pipeline for the decade-old Bathinda refinery project of Hindustan Petroleum Corporation in which Mittal Investments recently announced its decision to pick up 49 per cent stake.
Mittal Steel is offering about $23.2 billion cash and its own shares for Arcelor.
IOA plans to hold WFI elections on July 4, appoints Retd. Justice Mahesh Mittal as returning officer
Mittals Champions Trust Sports Foundation has agreed to sponsor 15 boys -- five each from senior, junior and sub-junior category.
Arcelor and LN Mittal will hold a press conference on Monday at Arcelor's headquarters in Luxemoburg at 5.30 pm (IST) on Monday to highlight the broader issues that led to one of the biggest mergers in the steel industry.
Kavin Bharti Mittal, son of Airtel's Sunil Mittal, speaks about why he came back to India from the UK, his new business venture, paying for mobile apps and the need for co-founder support.
Taken aback by the attack, Orissa government promised early clearances to mega steel projects, including Mittal's.
After an intense battle of nerves, the world's cheapest steel-maker Tata seems to have outrun the world's biggest steel-maker Mittal in the race to acquire South Africa-based Highveld Vanadium and Steel.
The European Parliament should discuss and debate Lakshmi Mittal's $23 billion bid for Arcelor, Josep Borrel, President of the Parliament has said.
Mittal's wealth dropped with the Arcelor Mittal share price falling
Mittal, who is the head of services business of Hewlett Packard for Asia Pacific and Japan, will succeed Karin Karnik and will assume office from January 2008.
The apex court had on December 4 last year, reserved the verdict after hearing counsel for corporate honchos and the Central Bureau of Investigation.
NRI steel tycoon Lakshmi Mittal is considering relinquishing his controlling stake - a move that could lower the barriers to shareholders accepting his $22.1 billion
Steel giant Arcelor has said it would be ready to receive a written proposal from Mittal Steel about an unspecified "industrial project" related to the steel industry, a media report said on Saturday.
In the eye of storm over his $22.7 billion takeover bid for Arcelor, NRI steel tycoon Lakshmi Mittal faced fresh charges of "excessive pricing" policy over the sale of steel to the local industry in South Africa.
India has expressed concern over the French government's strong opposition to Mittal Steel's hostile bid to take over its rival European group Arcelor.\n\n
The OVL-Mittal joint venture had also bagged two blocks in Nigerian deepwater, OPL 279, in which OMEL has 40 per cent stake, and OPL 285, in which the company owns 60 per cent, the other partners being French oil major Total, and Nigerian EMO. The Turkmenistan block covers an area of 5,663 sq km and is located close to discovered and producing fields.
What started in 2009 as a five-location service has seen a steep expansion.
The Cabinet Committee on Economic Affairs last evening gave OVL, the overseas arm of the state-run explorer, approval to invest its share of $204 million in the oilfield. Over and above these, the two have committed a minimum exploration investment of $165 million and an additional optional exploration expenditure of $235 million.
In Mumbai, ONGC Chairman R S Sharma confirmed Mittal's pullout. OVL had anticipated such a move and had a few months back sought Cabinet approval to invest all of the $400 million in the Satpayev on its own in case Mittal walked out.
The Orissa government on Thursday pulled up ArcelorMittal, for "not making any investment" so far in its proposed 12mtpa greenfield steel plant at Keonjhar, questioned its "actual intentions".
Special CBI Judge O P Saini adjourned Monday's proceedings in the wake of stay granted by the Supreme Court on separate pleas filed by Mittal and Ruia challenging the March 19 order of the trial court summoning them as accused in the case.
Billionaire Lakshmi Mittal will trust none other than his better half Usha when none of the directors are there to run the world's largest steel company.
Lakshmi Mittal-led Mittal Steel reported on Wednesday a 43.7 per cent increase in its first quarter net profit, while beating its own forecast due to accelerated synergy generation from its $38 billion takeover of Arcelor last year.
Mittal confirmed ArcelorMittal's partnership with ONGC not over, even as there are few projects they are discussing.
Non-Resident Indian industrialist and chairman of Mittal Steel, Lakshmi N Mittal plans to buy Rising Sun, the biggest private yacht in the world.
World's largest steel maker Mittal Steel on Saturday signed an MoU with the Jharkhand government, committing to invest approximately Rs 40,000 crore (Rs 400 billion) to enter mining and steel making operations in the state.
Sunil Bharti Mittal, chairman and managing director of Bharti Tele-Ventures, sold 3,13,005 shares on March 9 and 24,36,995 shares on March 10 of his holding in the company.
NRI steel magnate Lakshmi Mittal earns a pay packet of over $3.6 million in cash as Arcelor Mittal's chief executive officer - a figure which is over 33 times of the average annual compensation of a CEO in India.
In its annual ranking of the world's richest people released last month, Forbes had named Mittal at the eighth place with a net worth of $19.3 billion.
NRI steel tycoon Lakshmi Mittal has suffered a $50 billion decline in the value of shares he holds in the ArcelorMittal following the global financial meltdown, a leading economic daily has claimed.
Observing that steel prices will continue to rise in view of its demand, London-based steel magnate Lakshmi Mittal said his company will make an investment of over $5 billion in the next five years in the sector.
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