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

India's dependence on imported edible oil to hit new record

Import bill to rise 5%, over 65% of 19.4 million tonnes supplies to be met through imports, robust directconsumption of seed to lower ...

Jaggery prices shoot up, in line with those of sugar

Farmers have shifted a large amount of high-quality cane (about 10%) to jaggery units so that these fetch 5-10% premium over the standard price ...

Cotton exports hit as China shifts policy

Raw cotton export may fall 20% in the next crop year as against 6% this year; rise in finished yarn exports adds to woes

Sugar exports: Industry restive over delays in subsidy revision

For February-March, the rate decided was Rs 3,300 a tonne; that for April-May was to be announced in the last week of March

Sugar output down 4%, says Isma

Indian mills had produced 1.54 mt raw sugar by the end of March and of that 850,000 tonnes was exported

Back to Top