Jindal Steel and Power surged 1.6% to Rs 332 on the BSE after winning a large order to supply nearly 88,000 tonnes of long rails to the Tata–Aldesa joint venture to use in the Eastern Dedicated Freight Corridor.
The company will use its special freight train operator licence from the Indian Railways to transport the rails from its mother plant in Raigarh, Chhattisgarh, to the project site.
Tata-Aldesa is constructing more than 300 km of rail lines of the Eastern Freight Corridor between Khurja and Kanpur, after obtaining the project from the Dedicated Freight Corridor Corporation of India.
Shares of Jindal Steel and Power opened at Rs 326 and touched a high of Rs 334 and a low of Rs 326 on the BSE. Over 101,966 shares were traded on the BSE so far.
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