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Mittal visit | Steel magnate to meet PM

He will share the platform with state-owned ONGC, with whom he is stitching a partnership for overseas acquisitions.

india Updated: Jul 07, 2006 10:35 IST

Lakshmi Mittal, on his first visit to India after acquiring world No 2 steel firm Arcelor, will meet Prime Minister Manmohan Singh on Friday and share a platform with state-owned ONGC, with whom he is stitching a partnership for overseas oilfield acquisition.

LN Mittal, chairman and CEO of Mittal Steel and Director on the Board of ONGC Mittal Energy Ltd - the joint venture company of Mittal Steel and ONGC - will address a joint press conference with ONGC chairman and managing director RS Sharma on Friday afternoon, industry sources said.

While the press conference has been officially called to "share developments related to OMEL", Mittal's other meetings would be to further investment in steel sector in India, one of the two countries the merged Mittal-Arcelor has identified for expansion.

Besides meeting Orissa Chief Minister Navin Patnaik, he would meet Union Petroleum Minister Murli Deora.

The steel baron would also review the progress made in the 12 million tonne steel plant project at an estimated investment of Rs 40,000 crore in Jharkhand, for which he had signed an MoU with the state government in 2005.