Jindal Steel Board recommends final dividend of 250%

Jindal Steel & Power Ltd has announced that the Board of Directors of the Company at its meeting held on May 27, 2008, inter alia, has recommended final dividend @ 250% i.e. Rupees 2.50 per equity share of Re 1/- each on 15,39,61,340 equity shares.The stock was trading at Rs.2205, down by Rs.92.70 or 4.03%. The stock hit an intraday high of Rs.2333 and low of Rs.2160.The total traded quantity was 172557 compared to 2 week average of 171591.