Wollongong Coal Ltd, a subsidiary of Jindal Steel and Power , and its subsidiary Wongawilli Coal Pty Ltd have terminated their coal purchase agreements with Gujarat NRE Coke due to non-payments, Wollongong Coal said in a notice on the Australian Stock Exchange. Jindal Steel and Power owns 53.63 per cent stake in Gujarat NRE Coke’s Australian subsidiary Gujarat NRE Coking Coal. Shares of Jindal Steel and Power ended 0.2 per cent higher at ₹282.55 on the NSE and those of Gujarat NRE Coke ended 0.7 per cent lower at ₹14.70.
Gujarat NRE Coke
Published on
June 12, 2014 16:05