Coal India dips 2% as PIL filed against new pricing in WB

Coal India has plunged 2% to Rs 317 after the company has been refrained from implementing the new pricing regime in West Bengal till January 16.

The Kolkata-based company had shifted to the international pricing, based on gross calorific value (GCV), from January 1.

A division bench, hearing a public interest litigation filed by activist Subhas Datta, said it was “not an order but an observation.”

In the intraday deal, the stock has traded nearly 101,976 shares in BSE.