Adani Group has decided to take part in the auction of $800 million assets of Stemcor India, joining the likes of Tata Steel, JSW and JSPL. It has already evinced interests to buy Stemcor India assets with Stemcor management in London. With this initiative, the company will be able to foray into the iron ore sector, as Stemcor India’s trading business fits with Adani’s existing business domain. The company is already saddled with debt and thus, funds may not come easy for the company for carrying out the acquisition.
Adani Enterprises (AEL) is the flagship company of the Adani Group, it is the country's largest coal importer-turned-domestic private mine developer-cum-operator (MDO). The company is truly a diversified asset backed commodities trader, sourcing, producing, marketing and transporting them across the globe.
Adani Enterprises (AEL) is the flagship company of the Adani Group, it is the country's largest coal importer-turned-domestic private mine developer-cum-operator (MDO). The company is truly a diversified asset backed commodities trader, sourcing, producing, marketing and transporting them across the globe.
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