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GFG Alliance appoints former Vedanta CEO Mahendra Singh Mehta as country head for India

GFG, whose business spans metal manufacturing, engineering, energy, financial services and property will also soon unveil the executive lead teams in India.

, ET Bureau|
Jul 30, 2018, 04.34 PM IST
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The metals and manufacturing major that has turned around many stressed steel companies in the UK and Australia also plans to announce an advisory board for GFG India.
MUMBAI: UK-based GFG Alliance which will soon be making its foray into the Indian auto components and steel markets has appointed former Vedanta and Reliance Infrastructure CEO Mahendra Singh Mehta to head its India operations.

This follows the approvals granted by the insolvency tribunal to group company Liberty House to acquire two distressed assets, namely Amtek Auto and Adhunik Metaliks under the Insolvency and Bankruptcy Code, 2016.

GFG, whose business spans metal manufacturing, engineering, energy, financial services and property will also soon unveil the executive lead teams in India for each of its business divisions drawing senior professionals from across industries.

Mehta has more than thirty six years of experience in operations, strategy and business turnaround in sectors spanning steel, non-ferrous metals, mining, power generation and distribution, infrastructure and cement.

The metals and manufacturing major that has turned around many stressed steel companies in the UK and Australia also plans to announce an advisory board for GFG India. The board will provide governance and strategic advice to the group and its executives in the country.

"Following GFG’s successes in so many other parts of the world, I am very excited to bring our pioneering business model to my own motherland and I’m confident that the appointment of Mr Mehta and many other respected senior executives and advisors will enable us to establish a significant base in India capable of sustained long term growth," executive chairman of the GFG Alliance, Sanjeev Gupta said in a release.

Gupta's Liberty House has also put in a bid for Bhushan Power and Steel along with Tata Steel and with JSW Steel revising its initial bid last week. The final verdict on the asset is still awaited.
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