Mittal denies news of investment in Jharkhand

Mittal denies news of investment in Jharkhand

Mittal Steel admitted yesterday that it was pondering investments in India and was looking at appropriate opportunities; however, the company denied news circulating in the Indian press that Mittal Steel had proposed building a steel works in India's Jharkhand state. As reported by SteelOrbis yesterday, Indian sources suggested that Mittal Steel is planning to establish a 10 million-ton steel works in Jharkhand. Mittal Steel indicated that no official proposal has been submitted to the state government.