28
Mar
14:50
Jindal Stainless partners in Indonesia NPI joint venture
To ensure long-term availability of nickel, Jindal Stainless Ltd (JSL) has entered into a collaboration agreement with Indonesia-based New Yaking, JSL informs in a note seen by Kallanish.
According to the collaboration agreement, JSL will acquire a 49% equity interest for a consideration of around $157 million.
Under the agreement, JSL and New Yaking will work towards the investment, development, construction and operation of a nickel pig iron (NPI) smelter facil…
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