Jindal stainless posts a loss

India’s top stainless steel maker, JSL Ltd (Jindal Stainless), will post its first ever annual loss in 2008/09, hit by volatile raw material prices and longer-than-expected shutdowns, an official said on Wednesday. N.C. Mathur, director for corporate affairs, also said JSL had deferred by a year investments of 50 billion rupees into expansion, as demand for [...]