JSW Steel slips over 4% as CBI registers inquiry

NEW DELHI: JSW Steel Ltd plunged as much as 4.4 per cent in trade on Tuesday, after media reports suggested that the Central Bureau of Investigation (CBI) has started another Preliminary Enquiry (PE) into a mine owned by Sajjan Jindal-promoted JSW Steel.

CBI has initiated an enquiry for alleged irregularities in environment clearance to acquire land in the Ankua Reserve Forest in the state, said media report.

At 09:20 a.m.; JSW Steel was trading 3.08 per cent lower at Rs 1196.70. It hit a low of Rs 1180 and a high of Rs 1200.10 in trade today.