Select mining, metal stocks up on coal blocks auction draft rules

Image
Reuters
Last Updated : Nov 20 2014 | 10:16 AM IST

Reuters Market Eye - Select mining and metal stocks gain after government released e-auction rules.

The coal ministry on Wednesday unveiled draft rules for auction of 204 coal blocks cancelled by the Supreme Court earlier - PIB website.

Hindalco Industries gains 0.65 pct while Sarda Energy and Minerals surges 3.4 pct.

Timeframe provided in the draft rules for auction is positive - dealers

Details on pricing, compensation still awaited, dealers add.

(Reporting by Abhishek Vishnoi)

More From This Section

First Published: Nov 20 2014 | 10:08 AM IST

Next Story