Liberty Steel seeks more acquisitions in India, to double Odisha capacity

Sanjeev Gupta-led group takes into account the high growth expected in the economy after the country emerges from lockdown

London-based Liberty Steel Group, which acquired Adhunik Metaliks (AML) in March this year for Rs 500 crore, is looking for more acquisitions in India. The group sees high growth in the Indian economy after the country emerges from the lockdown.

As a first step after the acquisition of AML, Liberty plans to double capacity of the company’s Odisha plant to 1 million tonne. With this, the plant — which was shut for five years — will start production from next month, thus, saving 2,200 jobs, say top Liberty officials.

Liberty Steel Group officials said AML will be the first big-ticket investment under