One of the world’s largest steel producers, Luxembourg-based ArcelorMittal, has entered into a partnership with IIT Madras to create Asia’s first Hyperloop facility. ArcelorMittal and its joint venture company ArcelorMittal Nippon Steel India will provide materials and resources to construct Asia’s first Hyperloop testing facility at IIT Madras campus, which is to be operational by March-end. Hyperloop is a ground-based transportation technology concept, both for passengers and cargo, wherein pods inside vacuum tubes will be accelerated through a propulsion system at ultra-high speeds.Contact: ArcelorMittalWebsite: www.corporate.arcelormittal.com