Rolled metal from stock and to order
AZOVPROMSTAL
We offer competitive steel prices
+38 (097) 475-20-95
  • Sheet steel in Mariupol, Dnipro and Kiev
    There are more than 2000 tons of sheet products in the company's warehouse. Various grades of steel, including st45, 65G, 10HSND, 09G2S, 40X, 30HGSA and foreign analogues S690QL, S355, A514, etc.
  • Steel rental on order
    In the shortest possible time, we will produce any quantity of sheet steel of specified dimensions
+38 (097) 475-20-95

Synergy Capital, based in Dubai, acquires MET's coke asset in India

Synergy Capital, based in Dubai, acquires MET's coke asset in India
Synergy Capital, a Dubai-based company, has acquired the metallurgical coke chemical asset of India's Saurashtra Fuels Limited, located in Mundhra, Gujarat, to become one of the largest independent producers of MET coke in the country, the company said in a statement on Tuesday, October 7.

The company said the acquisition was aimed at securing production bases for key steelmaking raw materials that are believed to be undersupplied in the country.Synergy Capital will pay approximately $135 million to SFL promoters over three years, he added. In addition, the new owners plan to invest another $225 million in the construction of a power plant at the MET coke plant.

Synergy Capital is headed by Sudhir Maheswari, who was previously associated with the ArcelorMittal steel company for 27 years and currently holds the position of fund manager in Asia.

Azovpromstal®

Comments 0

There are no comments yet.

Leave a comment

The form is protected against automated submissions.

Verification code
Verification code