Jindal Stainless investment plans

Print this page Posted on : 01-24-2008 by recycleinme.com

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.

Source : Business Line