Multibagger Jindal Stainless rises 4% after purchasing 49% share in Indonesian business

Multibagger Jindal Stainless rises 4% after purchasing 49% share in Indonesian business.

The investment will purchase Jindal Stainless the first right of choice for the nickel pig iron smelted at the planned factory, but no concessionary prices.

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The business added that the fiscal advantages of the investment would reflect on its consolidated balance sheet

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The investment would assist India’s biggest stainless steel factory to secure a supply of nickel.

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