# 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.

- Type: Investment
- Announced: 2020-07-03
- Where: India
- Starts operating: 2022
- Status: announced
- Capacity: 2 million mt per year
- Products: crude steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Liberty Steel](https://endata.com/companies/16030.md)
- [GFG Alliance](https://endata.com/companies/19734.md)
- [Adhunik Metaliks](https://endata.com/companies/45339.md) (target)
- [Zion Steel](https://endata.com/companies/45340.md) (target)

## Sources

- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/gfg-alliance-intends-to-buy-more-assets-in-india-1153564.htm), 2020-07-03: "In India, we have several assets which still need to be resolved; we will be examining those."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.