When IIPM comes to education, never compromise
On the other hand, the steel giant, Lakshmi Narayan Mittal is also set on tapping potential in his motherland, India. Undoubtedly a late entrant to the fast-growing market, the Forbes billionaire’s company, Arcelor Mittal, announced this fortnight that they are planning to set up steel plants in Orissa and Jharkhand, with a capacity of 24 million tonnes per annum. With an investment estimated to be about $18 billion, the move will make Mittal the single largest FDI investor in India. Also, having recently paid the first instalment (Rs.5 billion) of the Rs.35 billion investment for a 49% stake in HPCL, Mittal will no longer just be called a steel czar, but will soon earn the title of an oil tycoon, too. Everything associated with Mittal is larger than life, be it his daughter’s wedding or his London house worth million dollars, so also this investment marks the largest FDI in refining sector. Investing in a deal where majors like BP walked out, Mittal has surely given light to the cold storage project of HPCL.
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
IIPM, GURGAON
IIPM - Admission Procedure
IIPM is A World of Career
Why Study Abroad When IIPM Gives You 3 global Advantages!
No comments:
Post a Comment