Morgan Stanley
India | Thursday, 4 December 2008

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Steel Articles

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31. Mittal says to up Liberia investment to $1.5 billion
Arcelor Mittal, the world's largest steelmaker, said on Wednesday it will up investment in an iron ore project in Liberia by $500 million to $1.5 billion in a vote of confidence in President Ellen Johnson-Sirleaf's government.
12 Dec 2007
32. India woos China for infrastructure funds; China wary of risk
India hopes China will boost investment in the south Asian nation's underfunded infrastructure sector, but Chinese firms are wary about opening their wallets for Asia's third-largest economy due to worries about returns.
11 Dec 2007
33. India M&A push undeterred by credit woes
Armed with strong balance sheets, willing local lenders and unrelenting ambition, Indian companies are well positioned to navigate the credit crunch and maintain their global buying spree, but must be flexible on financing.
07 Dec 2007
34. ArcelorMittal launches $1.8 billion buyout for Brazil unit
ArcelorMittal, the world's largest steelmaker, announced a plan to spend up to $1.8 billion to buy out minority investors in a Brazilian unit.
05 Dec 2007
35. ArcelorMittal board paves way for CEO Lakshmi Mittal to become chairman too
ArcelorMittal, the world's largest steelmaker, said on Tuesday that its Chief Executive Officer Lakshmi Mittal will also take on the role of chairman when Joseph Kinsch retires in May 2008.
04 Dec 2007
36. Tata Steel seeks more Australian ventures
India's Tata Steel Ltd can no longer supply enough of its own raw materials as its steel making capabilities soar, and it will seek more joint ventures with Australian mining companies to make up the gap.
30 Nov 2007
37. JSW Group to invest Rs.7525 crore in Tamil Nadu, unveils ambitious Rs.40,000 crore expansion plan
The JSW Group, a part of the $4 billion O. P. Jindal Group has announced its plans of injecting Rs.7525 crore in four different projects in Tamil Nadu within the next three years.
29 Nov 2007
38. Apple's Jobs tops Fortune's 25 most powerful businesspeople list
Apple co-founder and CEO Steve Jobs has been named as the most powerful businessman by Fortune in a list which also features Lakshmi Mittal, Indra Nooyi and Ratan Tata.
29 Nov 2007
39. Rio rebuffs BHP, outlines growth plans
Rio Tinto will spend $2.4 billion on new mines, raise its dividend and generate billions of dollars from asset sales as it seeks to fend off a $120 billion takeover proposal from larger rival BHP Billiton Ltd.
29 Nov 2007
40. Mitsui to double stake to 20 percent in Indian Steel
Mitsui & Co, Japan's No. 2 trading house, has reached a deal to double its holding to 20 percent in Indian Steel Corp, which is expanding its capacity for cold rolled steel and galvanized products.
28 Nov 2007
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