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GFG Alliance faces potential collapse in UK but says it won’t hit India business SECTIONS Share Synopsis GFG, which runs smelters, mines and power stations around the world, had last month approached the UK government seeking an emergency bailout to avoid a collapse. The UK seems to have rejected the bailout plan as per various news reports. Reuters Liberty Steel, part of GFG Alliance, has a presence in India through Adhunik Metaliks and Zion Steel that it had bought under the insolvency process last year. British industrialist Sanjeev Gupta’s GFG Alliance, which faces potential collapse of its UK business after failure of its largest lender, has claimed that its India operations will remain unaffected. ....
BW Businessworld Liberty Steel Ties Up With European Firms To Build France s First Hydrogen-Based Steel Plant While Paul Wurth is a Luxembourg-based engineering company providing technology for the global iron making industry, SHS -Stahl-Holding-Saar of Germany is an operations management company. Photo Credit : Shutterstock UK-based Liberty Steel Group, owned by Indian-origin metals tycoon Sanjeev Gupta, has signed MoUs with two European companies to set up France s first hydrogen-based steel making plant. Liberty Steel Group is part of diversified GFG Alliance, which has a presence in India. Last year in February, GFG Alliance made a foray into the domestic steel industry with the acquisition of Adhunik Metaliks Ltd and its arm Zion Steel for about Rs 425 crore. LIBERTY Steel Group has signed a Memorandum of Understanding (MoU) with Paul Wurth and SHS to assess the building and operating of an industrial-sized, hydrogen-based steel making plant at Dunkerque ....
Liberty Steel ties up with European firms to build France s first hydrogen-based steel plant SECTIONS Last Updated: Feb 22, 2021, 02:48 PM IST Share Synopsis Liberty Steel Group is part of diversified GFG Alliance, which has a presence in India. Last year in February, GFG Alliance made a foray into the domestic steel industry with the acquisition of Adhunik Metaliks Ltd and its arm Zion Steel for about Rs 425 crore. Agencies Liberty Steel Group has signed MoUs with two European companies to set up France s first hydrogen-based steel making plant. UK-based Liberty Steel Group, owned by Indian-origin metals tycoon Sanjeev Gupta, has signed MoUs with two European companies to set up France s first hydrogen-based steel making plant. ....
February 22, 2021 Sanjeev Gupta - REUTERS× The project will realise the potential of steel and hydrogen working together to solve each other’s problems : Sanjeev Gupta Liberty Steel Group, part of India-born British businessman Sanjeev Gupta-promoted GFG Alliance, has signed a Memorandum of Understanding with Paul Wurth and Stahl-Holding-Saar to set up an industrial-sized hydrogen-based steel-making plant at Dunkerque in France. The plant will be one of the first of its kind in France. The pan-European partnership will work together on a project to incorporate a 2-million-tonne Direct Reduced Iron plant with an integrated 1 GW capacity hydrogen electrolysis production unit, next to GFG’s Alvance Aluminium Dunkerque site. ....
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