23
Jun
11:55
Krakatau proposes capital injection to boost investment
Indonesia’s state-owned PT Krakatau Steel has proposed that it receive an IDR 2.4 trillion ($181 million) capital injection in a revised draft of the 2016 state budget. The cash would be used to fund the company’s capacity expansion and power self-sufficiency projects, Kallanish notes.
The injection would include IDR 1.5 trillion in cash and IDR 956 billion in non-cash assets, according to reports. It still has to be discussed by lawmakers and voted …
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Very good overview of the weekly steel market.
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