Liberty Steel restarts production at Adhunik facility, restores 1,500 jobs

Adhunik will transition into GREENSTEEL - a model combining steel recycling with low carbon and renewable power sources - to create a more sustainable competitive operation

Liberty Steel, part of GFG Alliance, has restarted production at Adhunik Metaliks and Zion Steel (Adhunik), restoring about 1,500 jobs.

Adhunik was acquired by Liberty in February under the insolvency law in a Rs 425 crore cash deal. In a statement, Liberty said, the restart had been achieved in six months following intensive work to prepare the site for the return to steelmaking operations after the previous owner fell into administration.

GFG Alliance Executive Chairman, Sanjeev Gupta, said, “It’s a proud moment for me today, as we have been able to deliver what we promised to all stakeholders - Adhunik