The parties were having disagreements over the contract and the Bolivian government warned the steel company to either stick to the contract or leave.Jindal wanted to invest $2.1 billion in El Mutun, but wanted to produce 40% less steel and around 20% less iron a year than was agreed in the original contract.
The Indian company would have to pay $800 million in damages. The damages include a $600-million investment that Jindal would have made in the first three years of the project and $200 million in revenues that the state would have gotcrackcrack| Company Name | CMP |
|---|---|
| Jindal Steel | 1269.50 |
| Lloyds Metals&Energy | 1622.70 |
| Jai Balaji Inds | 72.59 |
| Steel Exchange India | 8.96 |
| Rajputana Stainless | 125.90 |
| View more.. | |
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