The stock prices of Jindal Steel & Power went up 4 per cent to Rs 1,030.30 on an announcement that the company has been allotted coal blocks in Orissa for the proposed coal-to-liquid (CTL) project. The project, which is estimated to cost Rs 42,000 crore, is expected to produce 80,000 barrels per day of crude.
The stock opened at Rs 1,000 per share and made an intraday high of Rs 1,040 per share with total volumes of 2,28,545 shares. The stock has gained 1.16 per cent in the last seven days and 2.89 per cent in a month.
