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Mittal committed to steel projects in Jharkhand, Orissa Steel tycoon L.N. Mittal said that Arcelor Mittal was committed to setting up 10 million tonne capacity steel plants each in Jharkhand and Orissa, for which the government has assured him the allocation of iron ore mines. 26 Jul 2007
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Jindal Steel to invest $2 billion in Bolivia India's leading steel producer Jindal Steel and Power Ltd. (JSPL) has inked a $2.1 billion (€1.5 billion, £1 billion) deal with Bolivia for development of one of the world's largest iron ore deposits, El Mutun, along with steel making facilities. 25 Jul 2007
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Tata Steel, Vietnam to sign $3.5 billion steel plant deal India's largest private steel producer, Tata Steel has entered into an agreement with state-run Vietnam Steel Corp. (VSC) for investing $3.5 billion in a 4.5 million tonne steel plant in Vietnam's Ha Tinh province. 11 Jun 2007
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Tata Steel to become world's no. 2 steel co. by 2012 India's leading private steel producer Tata Steel has set its sight on beoming the second largest steel firm in the world by 2012, a top official has said. 22 May 2007
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India may become world's second largest steel producer by 2016 Encouraged by the Corus and Algoma takeovers by Tata and Essar respectively and enthused with the resurgence in steel sector, the Indian government has projected that the nation is all set to emerge as the world's second-largest steel producer by 2016 as the capacity would rise three-fold to 120 million tons. 18 Apr 2007
Essar to acquire Canadian steel firm for $1.58 billion Ruia-controlled Essae Steel has announced that it has finalized an agreement to acquire Canadian firm Algoma Steel for an aggregate value of 1.8 billion Canadian dollars (approx $1.58 billion) to be paid in cash. 17 Apr 2007
Jindal to buy Thai steel co. for $ 325 million ThaiNox, Thailand's largest stainless steel company, has become the target for India's Jindal Steel Co. and may be acquired for $ 325 million, sources close to the development have confirmed. 12 Dec 2006
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Posco's Rs. 53,000 crore SEZ project cleared South Korean steelmaker Posco's Rs. 53000 crore special economic zone (SEZ) project has been cleared by the Board of Approvals (BoA) even as the Union Minister of Commerce and Industry, Kamal Nath has expressed his displeasure towards the Indian central bank, the Reserve Bank of India (RBI) which has dubbed SEZs as real estate projects and treat them as such. 12 Dec 2006
