ArcelorMittal hopes Brazil model will give India plans a boost

摘要

The world's biggest steel maker ArcelorMittal's flagship and largest plant in Latin America, situated near this historic port town of 1.6 million people, offers a window into the company's future in India-especially as it grapples with how to power those ambitions. The plant in Tubarao, as the area around the bend of the horseshoe-shaped Camburi Bay is known, has achieved energy efficiency by co-generating power from gas emitted during steel production. Now, the company is promoting the "Brazilian model" for its two planned steel mills in the states of Orissa and Jharkhand, which, if implemented, will bring the largest foreign direct investment into India.