LIBERTY Steel, part of sustainable industry leader GFG Alliance, has this week restarted the first phase of production at Adhunik Metaliks Ltd and Zion Steel (“Adhunik”) following the acquisition of the steel businesses in February 2020. The restart has been achieved in just six months following intensive work to prepare the site for their return to steelmaking operations after the previous owner fell into administration.
Adhunik is an integrated steel plant located at Chadrihariharpur near Rourkela in Odisha. The plant has sponge iron facility, blast furnace and electric arc furnace (EAF) steel making capability with 0.5mtpa capacity, ferro – alloy plant and a 34MW captive power plant. The sites produce alloy steel products for the automotive, energy, engineering and oil & gas sectors besides participating in the commodity market of sponge iron and billets.