2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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With which group Adani signed a deal to buy a steel for 400 km rail line?
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Tata Steel group
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Birla Steel group
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Australian steel group
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Reliance Steel group
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Explanation:
Detailed explanation-1: -BENGALURU: Industrialist Gautam Adani-led Adani Group has signed a pact with South Korea’s POSCO to explore business opportunities in sectors like steel, renewable energy among others.
Detailed explanation-2: -The sale of RINL is scheduled for January 2023. Experts expect its bids to be more aggressive than in other market players, such as Tata Steel and JSW Steel.
Detailed explanation-3: -After an entry into the cement sector by acquiring Ambuja Cement and ACC, Adani Group is now eyeing the steel sector with a focus on green energy. Adani Group is reportedly planning to bid for the state-owned Rashtriya Ispat Nigam which is expected to go under the hammer in January 2023.
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