Jindal Steel surges nearly 5% ahead of coal block auctions

11 August 2015

Shares of Jindal Steel and Power today gained 4.8 per cent, adding to Monday’s 4.5 per cent rise, ahead of coal block auctions.

The stock is the top gainer on BSE ‘A’ group stocks.

The third round of coal block auctions for non-power use will begin later in the day.

According to analysts, Jindal Steel and Power is technically qualified for Bhaskarpara, Chitarpur and Jamkhani coal blocks auction.