Korean steel maker POSCO joins hands with Adani
The Hindu
The two companies forged a $5 billion partnership to explore setting up a greenfield integrated steel mill and other businesses in Gujarat’s Mundra.
Korean steel maker and Gujarat-based Adani group have joined hands to forge a $5 billion partnership to explore setting up a greenfield integrated steel mill and other businesses in Gujarat’s Mundra.
“Delighted to launch a $5 Bn partnership with POSCO, the world’s most efficient and advanced steel manufacturer, for a green environment-friendly Integrated Steel Mill and other businesses in Mundra. This will boost manufacturing in India under Aatmanirbhar Bharat,” billionaire Gautam Adani announced on Twitter.
“POSCO and the Adani Group have agreed to explore business cooperation opportunities, including the establishment of a green, environment-friendly Integrated Steel Mill at Mundra, Gujarat, as well as other businesses. The investment is estimated to be up to USD 5 billion,” the Adani group’s media release stated.
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