Sep 05, 2020 British tycoon Sanjeev Gupta plans to buy string of small steel plants in India British metals tycoon Sanjeev Gupta is aiming to buy at least half a dozen smaller steel plants in India by 2025 after losing out on bigger purchases in the second-biggest producer of the metal. GFG Alliance recently bought Metaliks Ltd under the insolvency law and plans to start production at the 500,000 tons a year facility next month.