JSPL zooms on winning Gare Palma coal blocks

The company has won Gare Palma IV/2 and IV/3 blocks at the ongoing coal block e-auction.

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SI Reporter Mumbai
Last Updated : Feb 19 2015 | 2:03 PM IST
Shares of Jindal Steel and Power were up 17% at Rs 182 amid reports that the company has won Gare Palma IV/2 and IV/3 blocks in fierce bidding at the ongoing coal block e-auctions.

According to reports, the company has won the bids at Rs 108/tonne for both the blocks which have a mining capacity of about 6 mtpa. Other bidders for the said coal blocks include Adani and GMR.

The stock opened at Rs 155 and touched a high of Rs 186. At 13:55PM, over 24 million shares were traded on both the stock exchanges.

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First Published: Feb 19 2015 | 1:57 PM IST

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