Stock Ideas: Jindal Steel And Power – Shares of the iron ore and steel producer and supplier gained as much as 3.44 percent to Rs 94.80 before cooling off.
The company has informed theexchanges that it has won an export order to supply 12,000 tonnes of special grade Rail Blooms to France. The value ofthis order is estimated at around Rs 50 crore.
The company in its pressrelease further stated that it has seen Expression of Interest from Britain as well as Australia for its products.
JSPL had also recently_won a 2,308-ton supply order from Rail Vikas Nigam for development of the Kolkata Metro Corporation.
Shares are holding on to gains of 1 percent and are up for the fifthstraight day.
