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Economic slowdown takes a toll on JSW Steel

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  • Published On: October 14, 2008
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The steel industry in India is suffering from a clear case of dampened spirits with a huge credit crunch slowing down the demand. The first casualty is Sajjan Jindal's huge capacity expansion plan which would have made him bigger than Tata Steel in India. As a result, the additional 3 million tonnes of steel to be rolled out from Vijayanagar in September is nowhere in sight.
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