ArcelorMittal proposes over Rs 45k crore investment in Gujarat

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GANDHINAGAR: UK-based world’s largest steel manufacturer ArcelorMittal Group is likely to further invest in Gujarat in the coming days at multiple locations. Indian-origin promoter of the company, chairman & CEO L N Mittal met Prime Minister Narendra Modi at Kevadia on Saturday.
Mittal also met CM Vijay Rupani in Ahmedabad. Officials present in the meeting said the group has pledged fresh investment in Gujarat ranging between Rs 45,000 and Rs 65,000 crore.
Mittal also reportedly discussed the issues of his company’s dispute with Ruias-promoted Essar Group. However, the state government is said to have informed that as the matter is subjudice, the company can pursue the matter in the court of law, said sources.
When contacted, a company official while confirming Mittal’s meeting with PM Modi and the Gujarat CM, refused to divulge any further details.
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