Ministry of Coal declared Jindal Power as the successful bidder for Gare Palma IV/1 Mine

Jindal Power Limited (JPL) a subsidiary of Jindal Steel & Power Limited (JSPL) has been declared the successful bidder for Gare Palma IV/1 coal mine by the Ministry of Coal.

"Jindal Power Ltd. won an auction for Gare Palma IV/1 coal mine at 25% bid premium of the representative price. We are thankful to the Ministry of Coal for declaring us as the successful bidder", said V R Sharma, MD, JSPL in a statement.

Shares of JINDAL STEEL & POWER LTD. was last trading in BSE at Rs.266.05 as compared to the previous close of Rs. 265.8. The total number of shares traded during the day was 544295 in over 3238 trades.

The stock hit an intraday high of Rs. 270.5 and intraday low of 262.25. The net turnover during the day was Rs. 144900068.

Source : Equity Bulls

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