After a rather bitter experience in Odisha, where Arcelor Mittal decided to pull out of its Rs 60,000 crore 12 MTPA (million donnes per annuam) steel plant due to severe delays in regulatory clearances and land allocation, Lakshmi Mittal is not gung- ho about India anymore.
No one can deny its been a stellar start to 2013 earnings with India's top two IT giants beating street estimates with their Q3 numbers. But one needs to see if they are able to sustain such performance going ahead.