JSPL on track

about 1 year ago
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Jindal Steel & Power Ltd (JSPL), the only private-sector company to manufacture Head-Hardened Rails had some good news to share this morning.

It has bagged a 2308-ton supply order from Rail Vikas Nigam Limited (RVNL) for development of Kolkata Metro Corporation. This apart, it has also bagged a contract to supply 12,000 tonnes of special grade Rail Blooms to France rail hayange, France.

Britain and France have also evinced interest in JSPL’s products, and the company said that they are expected to place orders soon.

The stock price, which has been on the surge for past few days, opened higher at Rs.93.50 from its previous close of Rs.91.70, going on to an intraday high at Rs.95.70.

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