COAL & MINES

Coal India, Vedanta, Hindalco on radar after PM launches auction process for coal blocks

Shares of select metal and mining firms including Coal India, Hindalco and Vedanta hogged some limelight in Thursday’s trade after Prime Minister Narendra Modi launched the auction process for 41 coal blocks for commercial mining.

The move is aimed to open India’s coal sector for private players. PM Modi termed it as a major step in the direction of India achieving self-reliance.

Coal India was up nearly 6 per cent at Rs 136.80 after the announcement, while Hindalco and Vedanta traded 1.15 per cent and 3.53 per cent higher at Rs 149.70 and Rs 105.70, respectively.

Source
ET News
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