 "Coal India up 5%")
Shares of Coal India has moved higher by 5% to Rs 322, its biggest intra-day gain since August 25, 2015 on BSE.
The media reports suggest that the coal ministry is devising a plan to clear off the stock, which may include reduction of prices as well.
At 11:41 a.m. the stock was up nearly 5% at Rs 321, the top gainer among 30-share index S&P BSE Sensex. The benchmark index was up 0.88% or 215 points at 24,684.
The stock recovered nearly 12% from its 52-week closing low of Rs 288 on January 21, 2016 as compared to 3% rise in the S&P BSE Sensex. It hit a 52-week high of Rs 447 on August last year.
The government has asked the world's largest coal miner to ensure that it meets the target of 550 million tonnes for the current fiscal, the PTI report suggests. CLICK HERE TO READ FULL REPORT.
Under the coal ministerial directive to reach one billion of coal production by 2019-20, the company has been stepping up its production aiming at double digit growth figures.
"We have come to a situation where we can't stock any more coal", union minister of coal, power and renewable energy, Piyush Goyal said here during an event, the Business Standard report suggest. CLICK HERE TO READ FULL REPORT.
The media reports suggest that the coal ministry is devising a plan to clear off the stock, which may include reduction of prices as well.
At 11:41 a.m. the stock was up nearly 5% at Rs 321, the top gainer among 30-share index S&P BSE Sensex. The benchmark index was up 0.88% or 215 points at 24,684.
The stock recovered nearly 12% from its 52-week closing low of Rs 288 on January 21, 2016 as compared to 3% rise in the S&P BSE Sensex. It hit a 52-week high of Rs 447 on August last year.
The government has asked the world's largest coal miner to ensure that it meets the target of 550 million tonnes for the current fiscal, the PTI report suggests. CLICK HERE TO READ FULL REPORT.
Under the coal ministerial directive to reach one billion of coal production by 2019-20, the company has been stepping up its production aiming at double digit growth figures.
"We have come to a situation where we can't stock any more coal", union minister of coal, power and renewable energy, Piyush Goyal said here during an event, the Business Standard report suggest. CLICK HERE TO READ FULL REPORT.
