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Jindal Steel dips as government rejects bids for coal blocks

The stock dipped 14% to Rs 142 on the BSE in early morning trade.

SI Reporter Mumbai
Shares of Jindal Steel and Power Limited (JSPL) has dipped 14% to Rs 142 on the BSE in early morning trade on media reports that the government has cancelled the two bids of the company for three blocks (Gare Palma IV/2, IV/3 and Tara). CLICK HERE TO READ FULL REPORT.

The stock opened at Rs 151 and touched a low of Rs 140 on the BSE. A combined 1.38 million shares changed hands on the counter till 0918 hours on the BSE and NSE.
 

 

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First Published: Mar 23 2015 | 9:19 AM IST

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