Pramod Mittal’s last remaining asset in India has shut down. How did the younger sibling of renowned steel baron Lakshmi Mittal turn out to be such a destroyer of wealth?
If India's steel industry had a voice and human form, it would be ashamed of what has come to pass in Balasore.
Yes, Balasore. A district in northern Odisha that is witness to the theatre of the absurd, centred around a company called Balasore Alloys, a run-of-the-mill, medium-sized enterprise mostly unknown beyond the district it is named after.
The drama includes employees going unpaid for months on end and a board which has resigned in embarrassment and a tearing hurry, lest it be hauled up for presiding over a man-made disaster. Finally, the sorry state of Balasore Alloys itself, which …
Prince leads the newsroom at The Morning Context as managing editor. A fascination with the written word has taken Prince to some of the leading newsrooms across the country, including The Economic Times, Dow Jones Newswires, Forbes India and Moneycontrol. In a career spanning 20 years, Prince has led teams, managed pages, projects and special editions, and has authored The Consolidators, published by Penguin Random House in 2017.
Managing Editor
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Mumbai