New Document top_band
 
Business Standard

JP Associates, JP Power gains on forest clearance for coal mines in MP

MoEF has accorded the final forest clearance for coal block in Madhya Pradesh for diversion of 728.750 hectares of forest land for coal mining.

Read more on:    Jp Associates | Coal Block | Jp Power Ventures
Related News

Shares of Jaipraksh Associates and Jaiprakash Power Ventures are trading higher by more than 2% each on the BSE after getting final forest clearance for in Madhya Pradesh (MP).

“The Government of India, Ministry of Environment and Forest (MoEF) has accorded the second stage (final) forest clearance in respect of the Amelia (North) coal block in Sidhi district of Madhya Pradesh for diversion of 728.750 hectares of forest land for coal mining,” Jaiprakash Associates said in a statement.

Jaiprakash Associates had entered into a joint venture agreement with Madhya Pradesh State Mining Corporation for the said coal block.

“For this purpose, a Special Purpose Vehicle (SPV), namely, Madhya Pradesh Jaypee Minerals Limited had been incorporated who had appointed Jaiprakash Associates as mine developer cum operator for the said mines the produce whereof is committed to be supplied to Jaypee Nigric Super Thermal Power Project being implemented by Jaiprakash Power Ventures Limited,” the company said.

Among the individual stocks, Jaiprakash Power Ventures has rallied 9% to Rs 42.90 on back of two-fold surge in trading volumes. A combined 2.9 million shares have already changed hands on the counter so far.

Jaiprakash Associates, current trading at its 52-week high, is up by 2.2% at Rs 99.50 on the BSE.

Read more on:   
|
|

Read More

Two entities fail to make prima facie case to revoke ban: Sebi

The Securities and Exchange Board of India (Sebi) today said the restraining order on two entities, related to plunge in some mid-cap stocks in July, ...

Quick Links

 

Market News

Today's picks

Nifty, YES Bank, Tech Mahindra, Idea Cellular & Hndalco

FII investment via P-Notes rises to 6-yr high of $37 billion in June

Total value of P-Note investments in Indian markets rose to Rs 2,24,248 crore at the end of June

Sensex ends above 26,000 led by telecom shares

Sensex ended above 26,000 led by telecom shares amid TRAI's spectrum sharing norms

Ceat skids post June quarter results

The stock dipped 9% to Rs 603, falling nearly 12% from intra-day high on National Stock Exchange.

Markets extend gains in late trades; Sensex tops 26,000

Markets firmed up in late trades and the Sensex topped 26,000 led by telecom shares and RIL

Back to Top