JSPL stock crashes 19% on reports of filing of FIR in coal scam
CNBC-TV18 has reported that CBI is conducting raids at 15 locations in Delhi in connection with the coal scam.
JSPL is one of India's major steel producers with a significant presence in sectors like Mining, Power Generation and Infrastructure.
With an annual turnover of over US$ 3.5 billion, JSPL is a part of the US$ 18 billion diversified O. P. Jindal Group and is consistently tapping new opportunities by increasing production capacity, diversifying investments, and leveraging its core capabilities to venture into new businesses. The company has committed investments exceeding US$ 30 billion in the future and has several business initiatives running simultaneously across continents.
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