Mittal coming to chase 'Indian dream'
Mittal coming to chase 'Indian dream'
After succeeding in merging his company Mittal Steel with rival Arcelor, L N Mittal is arriving in New Delhi on Friday.

New Delhi: Days after succeeding in merging his company Mittal Steel with rival Arcelor, L N Mittal is arriving in New Delhi on Friday to explore new business opportunities.

Mittal is scheduled to arrive on July 7 and is likely to meet Prime Minister Manmohan Singh, Petroleum Minister Murli Deora and other ministers, besides Orissa Chief Minister Navin Patnaik.

The visit assumes significance as Mittal had said last month after the Arcelor Board recommended the merger that his next focus would be India and China for expansion.

Besides steel and mines, Mittal is also learnt to have expressed interest in the country's hydrocarbon sector.

Mittal Steel already has a tie-up with state-run Oil and Natural Gas Corporation (ONGC) for exploration.

He would probably take up the issue when he meets PM and Deora during the visit.

Mittal would also review the progress made in the 12 million tonne steel plant project at an estimated investment of Rs 40,000 crore in Jharkhand, for which he had signed an MoU with the state government in 2005.

According to a statement by Orissa government, Mittal is likely to meet Patnaik on July 7 and may discuss investment plans in the state.

On the eve of his India visit, Mittal on Wednesday got the regulatory approvals from Spain, Luxambeourg, France and Belgium and moved a step closer to complete the $33.9 billion deal to create Arcelor-Mittal.

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