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India boss finds there's no such thing as a free lunch after all

A photograph of Mr Jindal framed by trophies on display in an office in the plate mill of the company's plant in Raigarh, Chhattisgargh, India.


BILLIONAIRE Naveen Jindal ran what was once India's most valuable steelmaker worth almost US$15 billion. That has now shrunk to less than US$2 billion, a fall exacerbated by the nation reversing its policy on coal.

The rise of his company, Jindal Steel & Power Ltd, was

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