Jindal Steel and Power Limited (JSPL) has rallied 7% to Rs 198 on BSE in otherwise weak market on reports that the Naveen Jindal-owned Jindal Power won the Tara coal block in Chhattisgarh with a bid of Rs 126 a tonne.
Jindal Power is a power generation unit of JSPL. The Tara coal block was reserved for the power sector.
The Tara block, previously owned by the Chhattisgarh Mineral Development Corporation, is touted one of the richest mines in the list of blocks in the second phase of the auction.
The stock opened at Rs 195 and touched high of Rs 201 on BSE. Till 1236 hours, a combined 10.20 million shares changed hands on the counter till noon deals on BSE and NSE.
Source Business Standard
- metaljunction »
- Metal News
Metal News & Events
METALJUNCTION PUBLICATIONS
Coal Insights (English) Monthly
Coal Insights is a ready reckoner for anyone associated with coal. This publication is aimed at tracking everything related to coal in India.
India Coal Market Watch(English) Monthly
ICMW is a one-stop source for all news, data and research pertaining to coal demand, consumption, stocks, spot- and long-term prices with respect to the Indian Market.
India Steel Market Watch (English) Monthly
ISMW is a brand new high-end steel market report, covering all aspects of the steel industry in India.
Steel Insights(English) Monthly
Steel Insights delves into various facets of the domestic and global steel industry such as market fundamentals, raw material price trends, price forecasts etc.