Shares of three firms jumped 5.26% to 20% at 11:36 IST on BSE after these firms won coal blocks in the ongoing e-Auction for Schedule II coal mines on Monday, 16 February and Tuesday, 17 February 2015.
Meanwhile, the S&P BSE Sensex was up 191.84 points or 0.66% at 29,327.72.
OCL Iron and Steel was locked at 20% upper circuit at Rs 25.80 after the company won the Ardhagram coal block in West Bengal for Rs 2,302 per tonne, according to the results of e-Auction for Schedule II coal mines announced by the Ministry of Coal yesterday, 17 February 2015.
Jaiprakash Power Ventures rose 9.45% at Rs 12.05 after the company won the Amelia North coal block in Madhya Pradesh for Rs 712 per tonne, according to the results of e-Auction for Schedule II coal mines announced by the Ministry of Coal on yesterday, 17 February 2015.
Jaiprakash Associates rose 5.26% at Rs 26 after the company won the Mandla North coal block in Madhya Pradesh for Rs 2,505 per tonne, according to the results of e-Auction for Schedule II coal mines announced by the Ministry of Coal on Monday, 16 February 2015.
Sesa Sterlite fell 1.91% at Rs 207.60. Sesa Sterlite's subsidiary Bharat Aluminium Company (Balco) won the Chotia coal block in Chhattisgarh for Rs 3,025 per tonne, according to the results of e-Auction for Schedule II coal mines announced by the Ministry of Coal yesterday, 17 February 2015.
The coal ministry has started auctioning coal blocks after the Supreme Court in September last year cancelled the allocation of more than 200 coal mines allotted between 1993 and 2010 after ruling that they were arbitrary and illegal.
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