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In which stock exchange is Ispat registered?
January 04, 2005 07:18 IST
Lakshmi N Mittal
Who owns the world's biggest steel company? NRI business tycoon Lakshmi N Mittal is today the world's richest Indian. Take the Rediff Business Quiz and find out how much you know about him.
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1. Who owns the world's largest steel company? a) Guy Dolle b) Lakshmi N Mittal c) Thierry Morin
Wrong! Try again.
Wrong! The correct answer is Laskhmi N Mittal. Steel giant Mittal Steel became the world's largest steel company when it bought International Steel in a $4.5-billion deal. Lakshmi Mittal, chief of Mittal Steel, now runs a mammoth that has 52 million metric tons in annual shipments of steel, $32 billion in annual sales, and profits at about $6.8 billion in 2004. He has been often compared with Andrew Carnegie, who was a 19th century steel tycoon and philanthropist.
Correct! Steel giant Mittal Steel became the world's largest steel company when it bought International Steel in a $4.5-billion deal. Lakshmi Mittal, chief of Mittal Steel, now runs a mammoth that has 52 million metric tons in annual shipments of steel, $32 billion in annual sales, and profits at about $6.8 billion in 2004. He has been often compared with Andrew Carnegie, who was a 19th century steel tycoon and philanthropist.
2. Where was Lakshmi Mittal born? a) Madhya Pradesh b) Rajasthan c) Maharashtra
Wrong! Try again.
Wrong! The correct answer is Rajasthan. Born in a village in Rajasthan that did not have electricity until the sixties, Mittal's family moved to Kolkata (then Calcutta), where he studied accounting and business at the city's prestigious St Xavier's College. After graduating at the top of his class, Mittal went to work full-time for his father as a 21-year-old trainee. The business knocked out 20,000 tonnes of steel a year.
Correct! Born in a village in Rajasthan that did not have electricity until the sixties, Mittal's family moved to Kolkata (then Calcutta), where he studied accounting and business at the city's prestigious St Xavier's College. After graduating at the top of his class, Mittal went to work full-time for his father as a 21-year-old trainee. The business knocked out 20,000 tonnes of steel a year.
3. Which was the first steel facility that Mittal bought? a) Trinidad and Tobago b) Mexico c) Kazakhstan
Wrong! Try again.
Wrong! The correct answer is Trinidad and Tobago. In 1989 he bought a steel facility in Trinidad and Tobago, which was losing $1 million a day. Teams of American consultants and German experts had previously failed to find a solution. Within a year, Mittal doubled output and made the business profitable. He went to Mexico in 1992 and bought the country's third-largest steel producer, Sicartsa for $220 million. Mittal took over the state-owned steel mills of Kazakhstan in 1995.
Correct! In 1989, he bought a steel facility in Trinidad and Tobago, which was losing $1 million a day. Teams of American consultants and German experts had previously failed to find a solution. Within a year, Mittal doubled output and made the business profitable. He went to Mexico in 1992 and bought the country's third-largest steel producer, Sicartsa for $220 million. Mittal took over the state-owned steel mills of Kazakhstan in 1995.
4. In which city is Ispat International registered? a) New York b) London c) Rotterdam
Wrong! Try again.
Wrong! The correct answer is Rotterdam. Although Ispat International is headquartered at London's Berkeley Square, the company is registered in Rotterdam. In 1997, to raise more capital, Mittal was forced to come out with a float on the New York and Amsterdam stock exchanges.
Correct! Although Ispat International is headquartered at London's Berkeley Square, the company is registered in Rotterdam. In 1997, to raise more capital, Mittal was forced to come out with a float on the New York and Amsterdam stock exchanges.
5. In the Forbes' list of richest Indians, Mittal is ranked at? a) 1 b) 2 c) 5
Wrong! Try again.
Wrong! The correct answer is 1. In December 2004, Forbes announced its maiden list of the top 40 richest Indians. Lakshmi Mittal tops the list with wealth of $11.2 billion. He is also the Britain's richest resident. In second place is Indian software major, Wipro's Azim Premji with wealth of $10 billion. In the fifth place is Pallonji Mistry of Tata Sons.
Correct! In December 2004, Forbes announced its maiden list of the top 40 richest Indians. Lakshmi Mittal tops the list with wealth of $11.2 billion. He is also the Britain's richest resident. In second place is Indian software major, Wipro's Azim Premji with wealth of $10 billion. In the fifth place is Pallonji Mistry of Tata Sons.