Jindal Steel & Power

Compared with those other Indian billionaire brothers, Sajjan and Naveen Jindal are less well known to most foreigners. But as the FT reported this morning, the two scions of the Jindal industrial family are vying to pick up the $800m Indian assets of unlisted British steel trader Stemcor. So here are six things you need to know.

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That was then

Bolivia looked friendly enough back in 2007 when India’s Jindal Steel & Power Ltd secured 40-year development rights to the El Mutún mine, considered one of the largest untapped iron ore deposits in the world.

But after years of disputes with the leftwing government of Evo Morales, the steel giant has pulled the plug on the $2.1bn mining venture – the single biggest foreign investment in Bolivia. It blamed the decision on the Andean nation’s “non-friendly business attitude.” Read more

Several cement, power and steel stocks fell by 4 to 7 per cent on Thursday after a bombshell report revealed that the Indian government may have undersold coal concessions by an astonishing $210bn from 2004 to 2009.

It could have been much worse. The companies, and investors, have been spared a bloodbath by timely government messages. Read more