New Delhi, May 21
Steel behemoth ArcelorMittal has proposed setting up integrated steel plants of 12 million tons annual capacity each in Orissa and Jharkhand. The investment in each of the two projects would be approximately Rs 40,000 crore, with a new set of leaders to take charge of these heavy money investments.
Where Vijay Bhatnagar will spearhead the company's operations and proposed steel projects in the country, Sanak Mishra will continue to be the CEO for the company's greenfield steel projects in Jharkhand and Orissa, and will report to the bigger boss-Bhatnagar. Arcellor Mittal said that Bhatnagar would take up the new position of India’s CEO and will have the ultimate responsibility for the company's operations and projects. Pierre Gugliermina, Christophe Cornier and Sudhir Maheshwari, will comprise of the senior leadership team to supervise on all operations along with the general management board of ArcelorMittal.
M P Singh, vice president for the company's mining initiatives globally, will continue to lead ArcelorMittal's mining projects in India as CEO Mining Projects (India).
Aditya Mittal, member of the Group Management Board and Chief Financial Officer, ArcelorMittal, said, "India is a very important country for ArcelorMittal. We are committed to investing large sums in the country over the next decade and it is important that we have the right team to lead these positions." He added, "This team has excellent knowledge and leadership and I am sure will prove a strong combination for enabling us to deliver on our commitments to the country." PTI
***Edited when I was interning with FE***
dIKSHA gROVER
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