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

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.