Consequent to allotment of shares to Jindal Stainless Ltd as first subscriber "Jindal Stainless Park Limited" has become wholly owned subsidiary of the Company on 22nd March, 2019.
Jindal Stainless Park Limited has been incorporated as a Special Purpose Vehicle in collaboration with Government of Odisha to promote downstream stainless steel park adjacent to its plant in Kalinganagar, Jajpur. The company is yet to commence its business operations.
Shares of JINDAL STAINLESS LTD. was last trading in BSE at Rs.40.05 as compared to the previous close of Rs. 40.2. The total number of shares traded during the day was 28118 in over 468 trades.
The stock hit an intraday high of Rs. 41.45 and intraday low of 37. The net turnover during the day was Rs. 1128444.