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GFG ALLIANCE
South Australia places Indian tycoon Gupta's Whyalla Steelworks in administrationSouth Australia has placed Sanjeev Gupta's Whyalla Steelworks into administration due to its worsening financial situation. The steelworks,...- Sanjeev Gupta's Liberty Steel UK gets cash injection in restructured planAs part of the plan, GFG will inject the new funding to relaunch production at its Rotherham-based Liberty Steel UK plant - bringing hundre...
- Sanjeev Gupta’s GFG Alliance to infuse £50m to restart UK steel operationsGupta, founder chairman of the $20-billion revenue GFG Alliance, was fighting his biggest battle to save his metals-to-energy conglomerate ...
- UK's anti-fraud agency probes Sanjeev Gupta-led GFG Alliance"The SFO is investigating suspected fraud, fraudulent trading and money laundering in relation to the financing and conduct of the business...
- GFG Alliance faces potential collapse in UK but says it won’t hit India businessGFG, which runs smelters, mines and power stations around the world, had last month approached the UK government seeking an emergency bailo...
- Sanjeev Gupta's Liberty Steel to restart operations, in talks with British governmentGupta's conglomerate GFG Alliance said earlier this month it was in talks with administrators of Greensill over a standstill agreement. On ...
- British ministers reject Sanjeev Gupta's bailout plea, media reports sayGFG, a holding company for Gupta's assets, was the biggest recipient of financing from Greensill, a British financing company, which filed ...
- Greensill Capital files for insolvency, administrators appointedGreensill Capital filed for insolvency after losing insurance coverage for its debt repackaging business and said in a court filing that it...
- Liberty Steel ties up with European firms to build France's first hydrogen-based steel plantLiberty Steel Group is part of diversified GFG Alliance, which has a presence in India. Last year in February, GFG Alliance made a foray in...
- GFG Alliance undertakes major cost-cutting measures, including job cuts“GFG Alliance businesses are adjusting to lower levels of demand. With regret, this will mean we cannot avoid a reduction in roles in certa...
- Sanjeev Gupta's GFG Alliance acquires Adhunik Metaliks and Zion SteelGupta's Liberty House was last in news over criminal charges for alleged breach of Amtek Auto resolution plan.
- GFG Alliance to buy outstanding stock in KCI for $320 millionThe deal is financed by two North American banks who will be providing an asset backed loan facility and funds are being managed by BlackRo...
- British Indian tycoon to buy 3 more of Lakshmi Mittal's European plantsThe company said it will acquire two Belgian steel mills and one in Luxembourg from ArcelorMittal in addition to the four it said last mont...
- GFG Alliance appoints former Vedanta CEO Mahendra Singh Mehta as country head for IndiaGFG, whose business spans metal manufacturing, engineering, energy, financial services and property will also soon unveil the executive lea...
- Indian-origin entrepreneur to acquire Nigerian bank's subsidiary in UKThe new bank, which, upon change of control, is intended to be renamed British Commonwealth Trade Bank (BCTB) to address gaps for trade in ...
- Prince Charles appoints Indian-origin steel tycoon as UK skills ambassadorGFG Alliance companies, including Liberty House and SIMEC, currently support 1,300 cadets from 26 schools across Britain to participate in ...
- Indian-origin steel tycoon purchases ArcelorMittal's US steelworksThe sale marks the first in a series of strategic North American acquisitions and new projects targeted by Gupta-led GFG Alliance.
- Sanjeev Gupta of GFG Alliance awarded Business Leader of the Year at British Asian Achievers Awards 2017Sanjeev Gupta has also engaged with Indian steelmakers, buying Tata Steel UK's specialty steels business for 100 million pounds as well as ...
- GFG Alliance completes acquisition of ArriumThe group will be investing 1 billion US dollar across the Whyalla steelworks and mining businesses for modernisation and expansion.
- Indian-origin steel tycoon expands into financial servicesThe expansion follows Gupta's acquisition in December 2016 of Wyelands Bank Plc, which has been functioning as an "industry-friendly" depos...
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