Synopsis
Jindal Steel and Power (JSPL) said the coal ministry has declared Jindal Power as the successful bidder for Gare Palma IV/1 Mine.
A part of the OP Jindal Group, JSPL has presence in steel, power, mining and infrastructure sectors.
NEW DELHI: Shares of Jindal Steel & Power (JSPL) gained 3 per cent in Friday s trade after the Naveen Jindal-owned company said its subsidiary Jindal Power has been declared as the successful bidder for a block of Gare Palma coal mine in Chhattisgarh.
Following the development, the stock rose 2.53 per cent to hit a high of Rs 272.80 on BSE.
In a statement, Jindal Steel and Power (JSPL) said the coal ministry has declared Jindal Power as the successful bidder for Gare Palma IV/1 Mine. The company said this in the post market hours of Thursday.