JSL Stainless enters into PPA with GRIDCO; stock up

MUMBAI: JSL Stainless has entered into power purchase agreement with GRIDCO on December 30, 2010 for sale of power from the proposed thermal power plant with an installed capacity of 1320 MW at Luni, Orissa through a new SPV namely JSL Energy.

Shares of JSL Stainless were up 2.49 per cent at Rs 111 on the BSE. It touched a high of Rs 113 and low of Rs 108.55 on volume of 18,000 shares.