ArcelorMittal Invested $26 Million in Abandoned India Steel Mill

ArcelorMittal (MT) had invested a total of $26 million in the Odisha steel mill in India it abandoned last week, spokesman Ritesh Sinha said by e-mail.

The Luxembourg-based company scrapped the project seven years after agreeing to the development because of delays in land purchases and mine allocations, it said last week.

To contact the reporter on this story: Rajesh Kumar Singh in New Delhi at rsingh133@bloomberg.net;

To contact the editor responsible for this story: Jason Rogers at jrogers73@bloomberg.net

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