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During the early 2000s recession, heavy losses forced the company, as well as Essar Steel and JSW Steel, into debt restructurings. [2] However, the company was not able to implement a turnaround and in 2010, losses reached Rs 2,500 crore. [2] In 2010, JSW acquired a 41.57% interest in the company for ₹2157 crore and renamed it JSW Ispat Steel.
Mittal Steel Company is a successor to a business founded in 1989 by Lakshmi Mittal. [1] In 1989, the company leased Iron & Steel Company of Trinidad & Tobago from its government. [2] In 1992, the company acquired Sibalsa from the government of Mexico. [3] In 1994, the company acquired Sidbec-Dosco. [4]
Ispat (lit. ' steel ' in Indic languages) may refer to: Ispat Autonomous College, Rourkela, college in Rourkela, Odisha, India; Ispat English Medium School, school in Rourkela, Odisha, India; Ispat Express, Indian passenger train in Odisha; Ispat Steel, Indian steel company; Ispat Nagar railway station, railway station in Bokaro district ...
He is owner of Global Steel Philippines in Iligan which he acquired in 2004. Then President Gloria Macapagal Arroyo witnessed his acquisition of the Mill which was formerly known as the National Steel Corporation or NSC-which for many years was known as Asia's first and largest.
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Merged company's rename Mittal Steel Company NV. Mittal Steel merger with International Steel Group of the US, to create the world's largest steel-maker. 2005: 14 March – Ispat commences trading under the name Mittal Steel Ltd. 2013: ESM (Electric Steel Making) department at the Vanderbijlpark Works had to stop all 3 their Arc Furnace's and ...
Qarmet, previously known as Ispat Karmet, Mittal Steel Temirtau, and ArcelorMittal Temirtau, is a Kazakhstani integrated steel and mining company that owns the Karaganda Metallurgical Plant in Temirtau, Karaganda Region, the largest steel plant in Kazakhstan. [1] Since December 2023, it is owned by the Qazaqstan Investment Corporation.