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Jindal Steel & Power trades higher on the bourses

24 Jun 2013 Evaluate

Jindal Steel & Power is currently trading at Rs. 204.90, up by 0.65 points or 0.32% from its previous closing of Rs. 204.25 on the BSE.

The scrip opened at Rs. 202.00 and has touched a high and low of Rs. 207.20 and Rs. 194.00 respectively. So far 10, 81,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 480.00 on 05-Jul-2012 and a 52 week low of Rs. 194.00 on 24-Jun-2013.

Last one week high and low of the scrip stood at Rs. 258.80 and Rs. 196.00 respectively. The current market cap of the company is Rs. 19,154 crore.

The promoters holding in the company stood at 59.07% while Institutions and Non-Institutions held 28.54% and 12.39% respectively.

Jindal Steel and Power (JSPL) has been issued a show-cause notice from the Coal Ministry for not developing coal blocks allocated to it within the stipulated time-frame. The ministry has also issued similar show-cause notice to Tenughat Vidyut Nigam for the same. The notices were issued to the companies for not starting production from RamChandi Promotional CTL Block and Badam coal blocks respectively.

In order to ensure that the allocated blocks do not remain unproductive, the government has started with an exercise of issuing show-cause notices. The development comes close on the heels of the Coal Ministry issuing show-cause notices to 23 firms, including SAIL, Monnet Ispat, NTPC and GVK Power earlier this month for not developing the mines allotted to them for captive use.

Besides, in a similar exercise, the government last year had issued show cause notices to 58 coal block allocattees and de-allocated blocks of some developers. It also deducted bank guarantees for some others.

Jindal Steel Share Price

1269.50 45.65 (3.73%)
17-Apr-2026 16:59 View Price Chart
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