Nippon Steel
Above plan was implemented by ArcelorMittal on 16 December 2019 with payment as per plan and Essar Steel was acquired by ArcelorMittal Nippon Steel India Limited, a joint venture between ArcelorMittal and Nippon Steel Corporation. Mr. Aditya Mittal, President and CFO of ArcelorMittal has been appointed as Chairman of ArcelorMittal Nippon Steel and Mr. Dilip Oommen as CEO. Mr Aditya Mittal said that the acquisition gives us opportunity to contribute to India's expansion in infrastructure and urbanisation in coming decades.