Coal India is trading higher by 2% at Rs 385, the largest gainer among the Sensex stocks, on reports that the environment ministry has agreed to discuss coal projects on a case-by-case basis.
Meanwhile, the state-owned Maharatna company is expected to invite second round of bidding for jointly developing its 18 abandoned mines in a couple of months, NC Jha, chairman and managing director said in its first annual general meeting after getting listed on the bourses last fiscal (2010-11). These 18 abandoned mines have reserve of around 1.6 billion tonne.
The stock opened at Rs 382 and hit a high of Rs 387 on the BSE. A combined 2.31 million shares have changed hands on the counter till 1059 hours.
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