Jindal Group has announced its acquisition of Vitkovice Steel, a prominent Czech steel producer. This strategic move marks Jindal Group’s first European acquisition and aims to strengthen Vitkovice Steel’s position in the market. The acquisition will involve significant investments, with plans to inject up to €150 million into expanding production capacity and developing new, high-value products.
This initiative is expected to create new jobs and enhance the company’s competitiveness by focusing on environmentally friendly, low-emission steel production. The acquisition is seen as a pivotal step in revitalizing the Czech steel industry and fostering long-term growth.