Adhunik Metaliks

Activity by year

2020202120222023202420252026

AcquisitionInvestment

Aug 19, 2020ACQUISITIONOdisha, India$67.0M2,200 jobs
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.
Liberty Steel acquirer Adhunik Metaliks target #Steel and Metal Products business-standard.com
Jul 3, 2020INVESTMENTIndiaops 2022
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.
Liberty Steel GFG Alliance Adhunik Metaliks target Zion Steel target #Steel and Metal Products steelorbis.com
Feb 18, 2020ACQUISITIONIndia$60.0M
GFG Alliance completes acquisition of Adhunik Metaliks and Zion Steel
GFG Alliance completed the acquisition of Adhunik Metaliks Ltd and Zion Steel Ltd in a Rs 4.25 billion ($60 million) cash deal, marking its entry into the Indian steel market.
GFG Alliance acquirer Adhunik Metaliks target Zion Steel target #Steel and Metal Products libertysteelgroup.com

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