JSW Steel, an integrated steel manufacturer, witnessed a sharp fall in share price 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.
Shares of the company are trading at Rs 1,196.95, down Rs 37.75, or 3.06% at the Bombay Stock Exchange (BSE) on Tuesday at 10:36 a.m.
The scrip has touched an intra-day high of Rs 1,212.90 and low of Rs 1,180. The total volume of shares traded at the BSE is 49,996.