Select the correct active form of the given sentence.

Two more steel plants will be set up by Mittal and Co.

1
Mittal and Co. will be setting up two more steel plants.
2
Mitta! and Co. is setting up two more steel plants.
3
Mittal and Co. will set up two more steel plants.
4
Mittal and Co. will have set up two more steel plants.

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