Liberty Steel begins operations in India; starts production at Adhunik plant in Odisha

摘要

Liberty Steel Group has begun operations in India with production starting at Adhunik Metaliks and Zion Steel, which Liberty had acquired earlier this year. UK-based Liberty Steel Group is part of the diversified GFG Alliance, owned by Indian-origin metals tycoon Sanjeev Gupta. In February, GFG Alliance announced its foray into the Indian steel industry with the acquisition of Adhunik Metaliks and its arm Zion Steel for about Rs.425 crore. Both units were not in operation.