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    • Finally for LN Mittal, the road to India is clear

      The Indian steel market, despite its recent sluggishness, is among the fastest growing in the world. India, which overtook Japan last year as the world's second largest steel producer, now produces 106 million tonnes of steel, second only to China's 928 million tonnes.

    • India's HMEL delays full start of Bathinda refinery to end-July: Sources

      The refinery was shut on April 30 for about 45 days to raise capacity by about 28 percent to 230,000 barrels per day. The start-up was first delayed to late June.

    • HMEL delays start of Bathinda refinery to end June, says source

      The refiner shut the refinery on April 30 for about 45 days to raise capacity by about 28 percent to 230,000 bpd. State-refiner Hindustan Petroleum Corp and Mittal Energy Investments Pvt Ltd each own a 49 percent stake in the project.

    • HMEL to shut refinery from mid-Mar to raise its capacity:Sources

      During the shutdown HMEL will raise the crude processing capacity of the existing crude distillation unit to about 225,000 bpd, sources with knowledge of the plan said.

    • ArcelorMittal narrows Q4 loss to USD 955 million

      The company, controlled by NRI billionaire Lakshmi Mittal, had reported USD 1.2 billion net loss in the October-December quarter of the last year, it said in a statement.

    • Hope to complete K'taka land acquisition by March: Arcelor

      ArcelorMittal plans to put up a 6 million tonne per annum steel plant with a 750 MW captive power plant in Karnataka with a projected investment of USD 6.5 billion.

    • India is not my top priority for investment: Mittal

      Unhappy over delay in getting clearances for his projects, the world's largest steelmaker L N Mittal said India was not his top priority for investment. Speaking to newsmen on the sidelines of convocation of Indian Institute of Management, Ahmedabad(IIM-A), where he was the chief guest.

    • S Roy Choudhury: We will stagnate if we do not expand

      Despite a life on the fringes of loss, Hindustan Petroleum has shaken off its dormancy and launched an expansion. S Roy Choudhury explains the strategy to Forbes India.

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