LAKSHMI MITTAL
RICHEST PEOPLE OF INDIA – LAKSHMI MITTAL
Lakshmi Niwas Mittal (born 2 September 1950) is an Indian steel tycoon and the chairman and chief executive officer of ArcelorMittal. The Financial Times named Mittal Person of the Year in 2006. In May 2007, he was named one of the “100 Most Influential People” by Time magazine.
His ArcelorMittal, world’s largest steel-maker, climbing out of slump but rising costs could impact pace of recovery. Plan to expand in India delayed by farmers’ protests and tardy approvals. Steel giant is investing $4 billion to double iron ore production to 100 million tons by 2015. It scrapped a proposal for a mining joint venture with BHP Billiton in Liberia and Guinea. Likely to spin off stainless steel unit. He has funded 400-foot sculpture called ArecelorMittal Orbit to be built in London’s Olympic Park for the 2012 Olympics which company is sponsoring.
Lakshmi Mittal’s father is Mohan Lal Mittal and his brother is Pramod.
