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Jai Balaji enters in MoU with WB govt, stock up

Jai Balaji Sponge has touched a 52-week high of Rs 202.20. At 12:43 pm, the share is quoting at Rs 197.80, up Rs 5.20, or 2.70%. The company has entered in MoU with West Bengal Govt to set up 5 mt steel plant, 3 mt cement plant and to set up 1215 MW captive power plant in West Bengal.

Source: Moneycontrol.com
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Jai Balaji Sponge has touched a 52-week high of Rs 202.20. At 12:43 pm, the share is quoting at Rs 197.80, up Rs 5.20, or 2.70%.


The company has entered in MoU with West Bengal Govt to set up 5 mt steel plant, 3 mt cement plant and to set up 1215 MW captive power plant in West Bengal. It is going to make total investment of Rs 16,000 crore over 10 years in West Bengal.
 
It is trading with volumes of 20,295 shares. Yesterday the share closed up 4.99% or Rs 9.15 at Rs 192.60


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