Adani Group and South Korea’s POSCO Sign Pact with USD 5 Billion Potential

January 15, 2022January 24, 2022Adani, Investment, MoU, POSCO, Steel

Indian conglomerate Adani Group has signed an MoU with South Korea’s Steel manufacturer POSCO to explore business opportunities in sectors like Steel, Renewable energy among others.

In a statement, Adani Group said the investment under the MoU is estimated to be up to USD 5 billion. Adani Group stated it has agreed to explore business cooperation opportunities, including the establishment of a green, environment-friendly integrated Steel mill at Mundra, Gujarat, as well as other businesses.

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