Brazil’s Gerdau buys out Sumitomo Corp and JSW in Gerdau Summit
The transaction is expected to close in early 2025.
National Aluminium Company could put a halt to its planned aluminium smelter and captive power plant project in Indonesia should it manage to get clearances and coal linkages for a similar project in Odisha.
The company is currently waiting on several approvals for its Indonesia project.
“We have already got permission for land and water for a similar project in Odisha. We have already applied for coal linkages and if we manage to secure coal linkages to this project we may not continue with the Indonesia project,” a senior company official said.
Source (English): Financial Chronicle via Brightwire News.
