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Mittal unit eyes second refinery project in India


After making his mark felt in exploration and refining industries, business tycoon Laxmi Mittal is now entering into the field of petroleum in order to make his presence felt in the hydrocarbons value chain. He signed an MoU with refiner maker Hindustan Petroleum, gas utility GAIL, north-east explorer Oil India Ltd. and French major Total for setting up integrated refinery-cum-petrochemicals complex at Vizag. Ganesha reads his birth chart to find reasons for his success.

Laxmi Mital is the largest steel maker in the world. He was born on June 15, 1950 at Sadulpur, in Churu district of Rajasthan, in a poor family. With the powerful planetary strength he went on to become a successful businessman. In his chart, Exalted Moon indicates speedy success. Jupiter is aspecting Saturn in his birth chart. This denotes benefit from steel and iron related business. Thus, Lakshmi Mittal began his career working in the family's steelmaking business in India in 1976. The placement of Rahu in the 11th house from the Moon denotes high amount of success. With the addition of Venus in 12th house, benefit of dealing in export import business with foreign country is foreseen. Saturn, which is the significator of steel, is in Leo sign. At present, transiting Saturn is moving over the Natal Saturn. Furthermore, transiting Jupiter is passing though the 7th house. This is also beneficial and indicates various dealing and new establishment in business. Moon, which is the significator of liquid as well as Mars, denotes oil, petroleum and chemical. Moon and Mars are in trine situation which indicates benefit from chemical, petroleum, oil business. Transiting Jupiter will be in square position from Mars November onwards. Considering this, Ganesha views that next year would be much favorable for increasing business. Current transit of Mars and Jupiter denote inspiration of new establishment in chemical and petroleum business. Thus, he is eyeing a second foray into India's oil sector through a stake in a refinery and chemicals plant to be built by Hindustan Petroleum Corp Ltd, sources involved in the deal said on Friday. His Business will develop leaps and bounce.

Ganesha wishes success for him in all his ventures.

Ganesha's Grace,
Nikunj Suthar,
The Ganeshaspeaks Team