Mittal may change size, product mix in Indian projects

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New Delhi, Nov 6 : Global steel giant ArcelorMittal’s L N Mittal has said that changes could be made in the size and product mix in the company’s proposed steel projects in India that entail an investment of about Rs 80,000 crore.

“This all will depend on a lot many factors, on the allocation of the mines, size of the mines, infrastructure, land and the market it depends on all the approvals and the DPR (detailed project report). Changes can be made in the size and product mix... we will have to look into it,” Mittal said in a telephonic interview when asked if there could be any change in the company’s project size or product mix.

The company signed an agreement with Jharkhand government in October 2005 to set up a Rs 40-crore steel facility and in December 2006 for an identical plant in Orissa. “As far as we are concerned, we are committed to grow in India,” he said but admitted that the India projects may face a “temporary slowdown” due to the changing macroeconomic scenario.