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Mittal's rivals suffer big setback

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  • Published On: April 25, 2008
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LN Mittal’s India plans are yet to take off, but the king of steel has bagged a prized mining lease at rival SAIL's very own backyard in Karampada.Mining is going to be the key for Arcelor Mittal to strengthen his foothold. The deal has come as a big setback for SAIL, which is fighting a court battle for full ownership of the Chiria mines, with reserves of over 2 billion tonnes of top grade iron ore.
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