13
Jan
06:54
Adani, Posco ink $5 billion steel project agreement
Indian energy and logistics giant Adani Group has signed a non-binding memorandum of understanding with Posco to set up a greenfield integrated steel mill, with an investment outlay of $5 billion, in Mundra, Gujarat.
The MoU aims at further collaboration at the group business level in various industries such as renewable energy, hydrogen, and logistics, in response to carbon reduction requirements, Kallanish notes.
“We are very pleased to announce the …
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