Jindal Stainless acquires 49% stake in Indonesia-based nickel pig iron company
The strategic collaboration offers benefits of backward integration as JSL would have a stake in the business of NPI.
Source: freepressjournal.in
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Jindal Stainless to acquire 49% stake in New Yaking
Jindal Stainless will invest in the development, construction, and operation of a Nickel Pig Iron (NPI) smelter facility located in an industrial park in Halmahera Islands, Indonesia.
Source: moneycontrol.com
Jindal Stainless buys $157-mn stake in Indonesian firm to secure nickel supply
India's Jindal Stainless Ltd on Tuesday said it would acquire a 49% stake in Indonesia-based New Yaking Pte. Ltd for $157 million as it seeks to secure a supply of nickel, a key ingredient in the production of stainless steel. The deal includes the construction and operation of a nickel pig ......
Source: vccircle.com
JSL to acquire 49 pc stake in Indonesia nickel pig iron project
Uniindia: New Delhi, March 28 (UNI) Jindal Stainless Ltd (JSL) on Tuesday said it has finalised the deal to acquire 49 percent stake in nickel pig iron project along with the New Yaking Pte Ltd in Indonesia for US$ 157 million.
Source: uniindia.com