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Liberty Steel Group acquires Adhunik Metaliks for Rs 500 crore · Endata

◂ Announcements

Aug 19, 2020ACQUISITIONOdisha, India

Liberty Steel Group acquires Adhunik Metaliks for Rs 500 crore

Liberty Steel Group acquired Adhunik Metaliks (AML) in March 2020 for Rs 500 crore. The company plans to double the Odisha plant's capacity to 1 million tonnes and restart production from September 2020.

Value

$67.0M (500.0M INR)

Jobs

2,200

Status

Completed

Capacity

1 million tonnes

Productssteel

CompaniesLiberty Steel acquirer Adhunik Metaliks target

Sectors#Steel and Metal Products

“Liberty plans to double capacity of the company's Odisha plant to 1 million tonne.”business-standard.com

1 source
business-standard.comLiberty Steel seeks more acquisitions in India, to double Odisha capacity | Company News - Business StandardDev ChatterjeeAug 19, 2020

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

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