Jindal Steel soars on winning Tara block

The stock has soared 7 per cent to Rs. 198 on the BSE.

Mar 09, 2015 04:03 IST India Infoline News Service

Jindal Steel has soared to a high of Rs. 201 in early morning deals on winning yet another block at a bargain price.

According to media reports, the company has won the Tara block in Chhattisgarh for Rs 2,103 crore, with a bid at Rs. 126 per tonne.

The stock continues to trade on a robust note at Rs. 199, up 7 per cent. The counter has seen trades of around 670,000 shares so far on the BSE.

Meanwhile, the Sensex has slumped 347 points to 29,101.

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