Which is India's biggest steel company?


QuestionsCategory: BusinessWhich is India's biggest steel company?
MyIQ Staff Staff asked 3 years ago
1 Answers
MyIQ Staff Staff answered 3 years ago

Mittal Steel Company N.V. was one of the world’s largest steel producers by volume, and also one of the largest in turnover. The company is now part of ArcelorMittal.
CEO Lakshmi Mittal’s family owned 88% of the company. Mittal Steel was based in Rotterdam but managed from London by Mittal and his son Aditya. It was formed when Ispat International N.V. acquired LNM Holdings N.V. (both were already controlled by Lakshmi Mittal) and merged with International Steel Group Inc. (the remnants of Bethlehem Steel, Republic Steel and LTV Steel) in 2004. On 25 June 2006, Mittal Steel decided to takeover Arcelor, with the new company to be called ArcelorMittal. The takeover has been successfully approved by shareholders and directors of Arcelor making L.N. Mittal the largest steel maker in the world.

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