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Coimbatore, April 28 MindTree Consulting Ltd has signed a multi-year IT offshoring agreement with ArcelorMittal. Under this agreement, MindTree will deliver IT services to ArcelorMittal’s Western European operations in partnership with Sopra Group, an incumbent provider to ArcelorMittal. In this programme, MindTree will partner ArcelorMittal to consolidate current sub-contractor activities with an objective to increase cost efficiencies, flexibility and service levels.

Orient Press Ltd has informed that a major fire broke out at the company’s factory located at Silvassa in the carton division on April 25. The estimate of the loss of the fixed assets and stocks is being worked out, but at present it is estimated to be Rs 15 crore, which is fully covered by insurance. It is expected that it may take six months to restore normalcy in production.

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