Face to Face

iberty House is an international metals and industrial group, specializing in commodities, Lmetals recycling, manufacture of steel, aluminium and engineering products. Headquartered

in London, it also has strategic global hubs located in Paris, Dubai, Singapore, Hong Kong, Sydney and

New York, and an extended network of operations covering more than 30 countries.

The Group employs nearly 30,000 people globally. It serves customers in the metals and steel

manufacturing industries as well as in automotive, construction, marine, power generation,

aerospace, motorsport, yellow goods, agriculture and mining.

Globally, the Liberty House Group is focused on creating a sustainable, balanced international

business that is non-cyclical, environmentally conscious and socially responsible, and has an

integrated and agile business model.

Liberty Group Executive Chairman Sanjeev Gupta in an interview to Sanjay Singh, Assistant Editor

of Steelworld says that the Indian steel industry is enabled with the best potential globally with a large

young population which will bring a dramatic increase in production. Excerpts

10 January 2020STEELWORLD

- Sanjeev GuptaExecutive Chairman

Liberty Group

Indian Steel Industry Enabled With Potential

How do you view the Indian

steel Industry and your

planned foray in the country?

The Indian steel industry

is enabled with the best

potential globally with a

large young population

which will bring a dramatic

increase in production. Of

course there is a lot of

complexity, changing

environment and a lot of

bandwidth is needed to

operate.

Do you feel that the Indian

Steel industry has many

stressed assets on sale and in

your opinion a lucrative buy?

It isn't so lucrative, in fact

can be quite expensive, so

apt to say it's more about

the potential.

What reason prompted

Liberty House to back out after

winning the bids of Amtek Auto

and Adhunik Metaliks. In your

opinion was the bid placed too

high?

Adhunik is going through

and we are reaching a

resolution.

With regards to Amtek

there were issues with

process and valuations but

we have been allowed to

rebid and are pursuing it again.

How do you see the

performance of steel industry

in the Mena region, and have

you planned any investments

or set up new plants?

I see a good potential

and we are definitely

interested in Mena region.

What are the mining assets

owned by Liberty House and

any planned venture to buy out

new ones?

We own Iron ore and

coking coal in Australia. Yes

we are planning new

acquisitions.