ArcelorMittal, SAIL to set up steel plant in India

Last Updated: Friday, May 22, 2015, 20:43

NRI billionaire Lakshmi Mittal-led ArcelorMittal on Friday partnered PSU giant SAIL to set up an automotive steel plant with an estimated Rs 5,000 crore investment, taking a fresh shot at entering India after nearly a decade-long wait for its earlier projects to take off.

ArcelorMittal's net loss widens to $728 million, cuts capex to $3 billion

Last Updated: Thursday, May 7, 2015, 12:43

The company, controlled by NRI billionaire Lakshmi Mittal, had reported a net loss of USD 205 million in the year-ago period, it said in a statement.

Top 101 in UK's Asian Rich List possess GBP 54.48 bn

Last Updated: Sunday, March 29, 2015, 12:26

According to the Asian Rich List, UK's 101 Wealthiest Asians in 2015 brought out by EasternEye - a publication of Asian Media and Marketing Group, the net worth of the people on the list has risen by 5.7 per cent over last year.

ArcelorMittal narrows Q4 loss to $955 mn

Last Updated: Friday, February 13, 2015, 17:59

The company, controlled by NRI billionaire Lakshmi Mittal, had reported USD 1.2 billion net loss in the October-December quarter of the last year, it said in a statement.

ArcelorMittal sells its Kuzbass coal mines in Siberia

Last Updated: Tuesday, January 20, 2015, 18:12

World's largest steel maker ArcelorMittal has announced selling its Kuzbass coal mines in the Kemerovo region of Siberia to Russia's National Fuel Company (NTK).

Steel baron Lakshmi Mittal drops down South Africa rich list

Last Updated: Sunday, December 7, 2014, 20:17

Mittal's 52 percent holding in ArcelorMittal, worth 6.3 billion rands, now places him at 13th position from 9th last year, 3rd before that, while he topped the list for the preceding six years.

ArcelorMittal rejigs top management, no change in India

Last Updated: Thursday, December 12, 2013, 18:09

The restructuring, however, leaves India operations untouched with Sudhir Maheshwari's responsibilities remaining the same as CEO of India and China and Head of M&A, Finance and Risk Management.

Lakshmi Mittal's home street among world's most expensive area

Last Updated: Wednesday, November 20, 2013, 18:02

The average price per sq mt in Pollock's Path, The Peak is USD 120,000, followed by Kensington Palace Gardens, London (USD 107,000).

ArcelorMittal says beyond trough after earnings boost

Last Updated: Thursday, November 7, 2013, 12:58

ArcelorMittal, the world`s largest steelmaker, reported higher profit than expected in the third quarter, boosted by increasing iron ore shipments and cost savings, and declared it was through the bottom of the cycle.

ArcelorMittal says 'very saddened' by death of Alain Vigneron

Last Updated: Tuesday, October 15, 2013, 23:47

World's largest steel maker ArcelorMittal Tuesday said it is "very saddened to learn of the death of Alain Vigneron" and would extend all possible support to the bereaved family.

Belgian steelworker`s suicide note blames Lakshmi Mittal

Last Updated: Tuesday, October 15, 2013, 19:11

A Belgian steelworker facing unemployment who hanged himself at the weekend left a suicide note personally blaming Indian steel magnate Lakshmi Mittal for closing plants across Europe, press reported on Tuesday.

Belgian steelworker's suicide note blames Lakshmi Mittal

Last Updated: Tuesday, October 15, 2013, 19:02

"He's robbed me of everything, my job, my family," Alain Vigneron, a 45-year-old who started work at 14, wrote in a farewell note sent to his trade union representative that was published in the press.