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GFG Alliance plans to invest in Indian steel and mining assets · Endata

◂ Announcements

Jul 3, 2020INVESTMENTIndia

GFG Alliance plans to invest in Indian steel and mining assets

GFG Alliance intends to invest and buy more steel and mining assets in India, reviewing opportunities in the next six to 12 months. Liberty Steel Group, a subsidiary, plans to integrate Adhunik Metaliks and Zion Steel and increase capacity to nearly 2 million mt per year by 2022.

Starts operating

2022

Status

Announced

Capacity

2 million mt per year

Productscrude steel

CompaniesLiberty Steel GFG Alliance Adhunik Metaliks target Zion Steel target

Sectors#Steel and Metal Products

“In India, we have several assets which still need to be resolved; we will be examining those.”steelorbis.com

1 source
steelorbis.comGFG Alliance intends to buy more assets in IndiaJul 3, 2020

Summarized from public sources; check the original articles before acting on it.

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