Shares of Jindal Steel and Power grew more than 2% in the morning session on January 1 after the Ministry of coal declared the company as the successful bidder for Gare Palma IV/1 Mine. The company won the auction for Gare Palma IV/1 at 25% bid premium. At 09:41 AM IST, Jindal Steel and Power was trading at Rs 270.55, up Rs 4.10 or 1.54% on the BSE.
JSPL is an industrial powerhouse with a dominant presence in steel, power, mining and infrastructure sectors.
JSPL gains 2% on winning the auction for Gare Palma IV/1 coal mine
