 "MMTC surges over 10% on heavy volumes")
Shares in MMTC has surged nearly 13% to Rs 61 on back of heavy volumes on the bourses after Coal India said that it engaged MMTC, through a competitive bidding for arranging imported coal.
The stock opened at Rs 54 and touched a high of Rs 62 on BSE. The trading volumes on the counter jumped more than five-fold with a combined 6.59 million shares changed hands till 1337 hours on BSE and NSE.
“MMTC floated tender for imported of coal against which they received offers to supply to Nobha Power, Talwandi Sabo Power and NLC Tamilnadu Power,” Coal India said in a BSE filing.
“During 2014-15, Coal India has received a firm order for import supply to the tune of approximately 5 lakh tonnes. The supply is expected to be completed in the third and fourth quarters of the current fiscal," Coal and Power Minister Piyush Goyal said in a written reply to Lok Sabha.
The stock opened at Rs 54 and touched a high of Rs 62 on BSE. The trading volumes on the counter jumped more than five-fold with a combined 6.59 million shares changed hands till 1337 hours on BSE and NSE.
“MMTC floated tender for imported of coal against which they received offers to supply to Nobha Power, Talwandi Sabo Power and NLC Tamilnadu Power,” Coal India said in a BSE filing.
“During 2014-15, Coal India has received a firm order for import supply to the tune of approximately 5 lakh tonnes. The supply is expected to be completed in the third and fourth quarters of the current fiscal," Coal and Power Minister Piyush Goyal said in a written reply to Lok Sabha.