Arcelor expects to start work on India projects in 2011

摘要

After years of facing land acquisition delays, ArcelorMittal now hopes to "break ground" in 2011 at one of its projects in India, Based on recent progress with the state governments, it expects to break ground in India by the first quarter or second quarter of 2011. Speaking at its second quarter earnings call', Mr Aditya Mittal, Chief Financial Officer, said, "We are making fast progress on land acquisition near Bellary, Karnataka., Similar progress is being made in Jharkhand. We have also received water allocation in both the states. Hopefully we will be in a position to do some ground breaking in one of our projects in the near future."