JSPL tanks 24% on FIR against company in coal scam

Central Bureau of Investigation (CBI) lodged FIR against 4 companies including JSPL in coal gate scam, reports CNBC-TV18 quoting sources.

June 11, 2013 / 11:46 IST

26 Aug, 2025 12:21

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Jindal Steel & Power (JSPL) shares dropped nearly 24 percent to touch a fresh 52-week low of Rs 202 Tuesday, after the Central Bureau of Investigation (CBI) lodged FIR against 4 companies including JSPL in coal gate scam, reports CNBC-TV18 quoting sources.

Sources say CBI has registered a fresh case in coal scam against four companies and two individuals.

The two individuals were Naveen Jindal and former minister of state coal Dasari Rao. JSPL, Jindal Realty and Gagan Sponge are among four companies.

CNBC-TV18 reports that CBI is conducting raids at 15 locations in Delhi and Hyderabad.

At 10:55 hours IST, the stock was quoting at Rs 203.30, down Rs 63.55, or 23.81 percent on the Bombay Stock Exchange.

first published: Jun 11, 2013 11:02 am

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