India’s Jindal to Acquire 49% Stake in Indonesian NPI Company

Published: Mar 30, 2023 15:35

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According to reports by bqprime, Jindal signed a cooperation agreement with New Yaking Pte to invest, develop, construct and operate a nickel pig iron smelter located in Halmahera Islands, Indonesia.

According to reports by bqprime, Jindal signed a cooperation agreement with New Yaking Pte to invest, develop, construct and operate a nickel pig iron smelter located in Halmahera Islands, Indonesia. The company's board has approved a plan for Jindal to acquire a 49% stake in the Indonesia-based nickel pig iron company for $157 million.

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