PSU PRESS RELEASE
SAILs Rourkela unit to offer inputs for automotive JV with ArcelorMittal
Bhubaneswar . The Rourkela steel making unit of maharatna PSU Steel Authority of India Ltd (SAIL) would provide hot-rolled input products for the automotive steel joint venture proposed with ArcelorMittal, the biggest steel maker.
The planned automotive facility would source the input products from SAIL`s new state-of-the-art hot strip mill in Rourkela (Odisha), thus making the entire value chain indigenous.
On August 30, ArcelorMittal and SAIL had discussions in London on the proposed automotive JV project. The meeting was attended by Union steel minister Chaudhury Birender Singh, SAIL chairman PK Singh and ArcelorMittal chairman and chief executive officer (CEO) Lakshmi Mittal. Aditya Mittal, group chief financial
officer and Brian Aranha, executive vice president and head of global automotive business at ArcelorMittal were also present during the discussions.
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