Adani Group ties up with POSCO for steel plant in Gujarat


New Delhi, Jan 13 (PTI) Industrialist Gautam Adani-led Adani Group has tied up with South Korean firm Posco to explore business opportunities in steel, renewable energy and other sectors.

Both the companies signed a Memorandum of Understanding (MoU) in this regard.

The Adani Group said in a statement that up to $5 billion can be invested under the MoU.

The group said it has “agreed to explore business collaboration opportunities, including setting up of a green, eco-friendly integrated steel plant at Mundra, Gujarat, and other ventures.”