# 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.

- Type: Acquisition
- Announced: 2020-08-19
- Where: Odisha, India
- Value: $67.0M (500.0M INR)
- Jobs: 2,200
- Status: completed
- Capacity: 1 million tonnes
- Products: steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Liberty Steel](https://endata.com/companies/16030.md) (acquirer)
- [Adhunik Metaliks](https://endata.com/companies/45339.md) (target)

## Sources

- [business-standard.com](https://www.business-standard.com/article/companies/liberty-steel-seeks-more-acquisitions-in-india-to-double-odisha-capacity-120081901026_1.html), 2020-08-19: "Liberty plans to double capacity of the company's Odisha plant to 1 million tonne."

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