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.