JSPL stock skids 6% as SC defers interim order in Sarda mines case

JSPL shares ended the day 6% lower than its previous close on the BSE at Rs 150 a piece

The Supreme Court (SC) on Tuesday refused to pass an interim order in the Sarda mines case, after which shares of Jindal Steel and Power (JSPL) fell 12 per cent intra-day before recovering a little. 

JSPL shares ended the day 6 per cent lower than its previous close on the BSE at Rs 150 apiece. The Delhi-based firm has claimed Rs 2,000 crore worth of iron ore, but the SC has not allowed it to transport or sell it.

“The court has not given any decision on the Sarda case. It has only deferred the hearing to January 17. Deferral