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El Mutun

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Why Jindal Steel exited its $2.1 bn venture in Bolivia

On July 16, Jindal Steel & Power, the flagship company of Naveen Jindal, terminated the contract to develop the El Mutun iron ore mines in Bolivia. The mines are said to have 40 billion tonnes......

'Jindal Steel will have to pay penalty'

Bolivia has said that the multi-billion dollar contract it signed with India's Jindal Steel to develop an iron ore mine has not been rescinded, but the steel company would have to pay a penalty for......

Why steel is a hot commodity in India

India's steel industry is surging ahead, entering into global deals and taking the country's economy to new heights. The Indian government plans to invest over $350 billion in steel industries......

Jindals bag $2.1 bn Bolivian deal

After more than a year of protracted negotiations, Naveen Jindal-promoted Jindal Steel & Power Ltdhas bagged the $2.1 billion contract for development of one of the world's largest iron ore......

Jindal Steel to invest $2.1 bn in Bolivia

Steel major Jindal Steel and Power Ltd on Friday said it would invest $2.1 billion(about Rs 9,500 crore) to set up new steel plants in Bolivia for which it has reached an agreement with the Latin......

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