Indian Steel Giant's Mozambique Coal Deal Revived

Posted: 2025-05-26 15:51:31 UTC

@Bloombergbusiness

#India

#acquisition

#steel

#coal

#Mozambique

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2025-05-26 15:51:43 UTC

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India's largest steelmaker is set to acquire a coal deposit in Mozambique after the seller regained concession rights from the government.

Acquisition of coal deposit in Mozambique

Recovery of concession rights

Deal reopening for India's largest steelmaker

Regaining concession rights from the Mozambican government