MSL in race to buy Indonesian mining firm
Pramugdha Mamgain NEW DELHI MAHARASHTRA Seamless (MSL), the flagship company of the Rs 3,000-crore DP Jindal Group, is in the race to acquire an Indonesiabased iron ore mining firm for around Rs 300 crore. It is learnt that Indonesian firm has iron ore reserves of close to 20 million tonnes. If the deal goes through, MSL would also establish a 1 million tonne steel plant close to the iron ore deposits in Indonesia with investments of up to Rs 1,200 crore.