Jindal Stainless investment plans
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Jindal Stainless Ltd today said it will invest $20 million in a Singapore firm and $4.5 million in its Turkey-based subsidiary. The company said in a filing to the BSE that the board of directors has approved the investment of $4.5 million in the Turkey subsidiary, Jindal Stainless Madeneilik Sanayi Ve Ticaret AS. Further, the company said it would invest $20 million in the Singapore-based Ananta Mineral Resources Pte Ltd. The board has also approved the making of Parivartan City Infrastructure Pvt Ltd, its wholly owned subsidiary, it added.
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Source : Business Line |
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