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ArcelorMittal may slash size of India steel plant

ArcelorMittal may slash size of India steel plant
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First Published: Tue, Apr 21 2009. 12 16 AM IST
Updated: Tue, Apr 21 2009. 12 16 AM IST
Mumbai:ArcelorMittal may cut the size of a planned steel plant in India by half and indefinitely defer a second facility as the global recession curbs sales of cars and homes, a company official said. An investment committee will meet this week in Luxembourg to discuss building a 3 million tonne factory in eastern India for Rs7,500 crore, said the official, declining to be identified as the plan is confidential.
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First Published: Tue, Apr 21 2009. 12 16 AM IST