• February 18, 2020
  • Press Release

GFG Alliance cements its entry into India with completion of Adhunik Metaliks acquisition

GFG Alliance today completed the strategic acquisition of Adhunik Metaliks Ltd (Adhunik) and Zion Steel Ltd (Zion) in a Rs -4.25 bn ($60m) cash deal. The transaction marks the Alliance’s entry into India – one of the world’s fastest growing steel markets.

Read the full Press release here