Concrete

Adani plans to enter the steel industry

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Adani Group is anticipated to be more aggressive than established competitors like JSW Steel, Tata Steel and ArcelorMittal Nippon Steel because it is a new entrant to the steel industry. It is prepared to defeat the rivals when offers are requested by the end of this month. Reportedly, Adani Group is planning state-owned Rashtriya Ispat Nigam. This is also expected given the premium pricing the biggest conglomerate in India offered, to buy Ambuja Cement and ACC. With the $10 billion deal, the group has become the second-biggest player in the cement industry, second only to Ultratech Cement.

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