Brief: Jindal Stainless Entering Into Collaboration Agreement For Setting Up A JV In Indonesia

Jindal Stainless

01/05/2024 14:28

May 1 (Reuters) - Jindal Stainless Ltd  JIST.NS :
    * JINDAL STAINLESS LTD - ENTERING INTO A COLLABORATION
AGREEMENT
FOR SETTING UP A JOINT VENTURE IN INDONESIA
    * JINDAL STAINLESS LTD -  INVESTMENT OF AN AMOUNT UPTO 33.50
BLN
RUPEES
    * JINDAL STAINLESS - WITH SETTING UP OF THIS SMS, COMPANY'S
MELTING CAPACITY WILL INCREASE FROM 3 MILLION TONNES PER ANNUM
(MTPA) TO 4.2 MTPA
    * JINDAL STAINLESS LTD - AGREEMENT FOR INVESTING,
DEVELOPING,
CONSTRUCTING AND OPERATING STAINLESS STEEL MELT SHOP IN
INDONESIA
    * JINDAL STAINLESS LTD - APPRVED ACQUISITION OF 54% EQUITY
STAKE
IN CHROMENI STEELS PRIVATE LIMITED
    * JINDAL STAINLESS LTD - CO'S MELTING CAPACITY WILL INCREASE
FROM
3 MILLION TONNES PER ANNUM (MTPA) TO 4.2 MTPA
    * JINDAL STAINLESS-  STAINLESS STEEL MELT SHOP IS EXPECTED
TO
COMMENCE OPERATIONS  WITHIN 24 MONTHS
    * JINDAL STAINLESS LTD - CO WILL PURCHASE 100% STAKE OF
SULAWESI
NICKEL PROCESSING INDUSTRIES HOLDINGS  PTE. LTD. (SNPIHPL),
SINGAPORE
    * JINDAL STAINLESS LTD - SNPIHPL WILL FORM JV BY ACQUIRING A
49% 
EQUITY STAKE IN INDONESIA BASED OPERATING CO
    * JINDAL STAINLESS-   WILL PURCHASE 100% STAKE OF  SULAWESI
NICKEL
PROCESSING INDUSTRIES HOLDINGS FOR 7.15 BLN RUPEES
    * JINDAL STAINLESS LTD -  ENTERING INTO A COLLABORATION
AGREEMENT
FOR SETTING UP A JOINT VENTURE IN INDONESIA

Source text for Eikon:  ID:nNSE3C2h0b 
Further company coverage:  JIST.NS 

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