"arcelormittal"

New projects include 1,500 MW facility and 800 MW project by Navayuga Engineering at Gujjili in Alluri Sitarama Raju district and Chittamvalasa respectively

Infosys will also establish a BPM service in ArcelorMittal European Business Centre of Excellence shared services centre.

The plan includes 20 per cent reduction in corporate office headcount, reducing contactors, reallocation of resources etc, the company said.

Aditya Mittal, son of steel baron Lakshmi N Mittal, is the chief financial officer (CFO) of the company, and will succeed his father in the new role.

Covid-19 pandemic has huge consequences for the European steel industry... demand for steel is still significantly lower than before the pandemic, said Sanjay Samaddar, CEO of ArcelorMittal Poland