Mittal Steel Company was formed in 1978 as Ispat International N.V., the international arm of the Indian steel making company JSW Ispat Steel Limited. JSW Ispat Steel was founded by Mohanlal Mittal, father of Mittal and was owned by his family. In 1989, Mittal acquired a beleaguered state-owned Iron & Steel Company in Trinidad and Tobago, which was losing huge sums of money. A year later, the facility had doubled its output and become profitable... |
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