Indian origin steel tycoon bags award in UK

Indian origin steel tycoon bags award in UK
20/05/2017 , by , in ALLIED

Britain’s Indian-origin steel tycoon Sanjeev Gupta has bagged a top global award for his successful acquisitions and drive to transform the steel industry in the UK, India and beyond.

Gupta, the executive chairman of the Liberty House Group which has been behind a series of acquisitions of former Tata Steel and Caparo assets in the British steel industry, received the title of ‘CEO of the Year’ at the prestigious Platts Global Metals Awards in London on Thursday night.

He was chosen from a shortlist of 10 top metal industry executives who lead prominent businesses in Europe, Asia, North America and Australia, including Indian CEOs like Sajjan Jindal of JSW Steel and Prakash Kumar Singh of the Steel Authority of India.

In their citation, the judges said they were “impressed by his track record of successful acquisitions and his role as a motivator willing to swim against the tide of pessimism prevalent in the industry.”

“This has been an extraordinary period for our group as we pursue our GreenSteel vision for a resilient, high-value metals industry. It is hugely encouraging for our work to be recognised in this way by our peers in the industry and it motivates us to pursue this mission even more vigorously,” Gupta said. “I am proud and humbled to receive this award on behalf of all our 5,000 staff who have been part of this mission.”

The high-profile honour follows an intensive 18-month period during which the Liberty Group invested more than 500 million pounds to acquire and turn around metals, energy and engineering operations across the UK, saving more than 5,000 jobs in the process.

Gupta subsequently went on to pursue major mining and metals assets in the US and Australia.

Since mid-2015, Liberty has moved from being largely a trading entity to becoming among the UK’s largest industrial employers and the owner of the country’s last aluminium smelter, its largest steel plate mill and largest scrap melting capacity.

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