Other States - Orissa

ArcelorMittal to implement projects in phased manner

Bhubaneswar: Allaying fears that it may cut the volume of investments in India in the wake of global meltdown, world’s largest steel maker ArcelorMittal today said it would proceed in a phased manner to implement the projects.

“The international meltdown will have no impact on the long term plans of the company.

However, in order to adjust in terms of economic situation, the projects in India have to be phased,” ArcelorMittal’s India CEO Vijay Bhatnagar told reporters after meeting Chief Minister Naveen Patnaik here. -PTI

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