Jai Balaji Sponge receives In-Principle Approval of setting up a SEZ in West Bengal

Jai Balaji Sponge Ltd has announced that as per Press Release issued by Press Information Bureau of Government of India, the Board of Approval for the Special Economic Zone (SEZs) of Government of India, in their meeting held on June 05, 2007, has granted in-principle approval to the Company for setting up a SEZ in steel in the state of West Bengal.

The stock was trading at Rs.104, down by Rs.2.05 or 1.93%. The stock hit an intraday high of Rs.106 and low of Rs.104. The total traded quantity was 1045 compared to 2 week average of 2552.

Source : Equity Bulls

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