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Shares of Coal India were up over 2% at Rs 383 amid reports that the five unions have called off their strike.
Five Coal India Ltd (CIL) worker unions called off their strike, after reaching a consensus with the government. Coal and power minister Piyush Goyal said issues faced by the mine workers were discussed and representatives were assured the CIL management wouldn't go into private hands, Business Standard report suggests.
The unions were opposed to a provision in the Coal Mining (Special Provisions) Act that allowed commercial mining, apart from re-allocation of cancelled coal mines.
The stock opened at Rs 382 and touched a high of Rs 385. At 9:40AM, over 300,000 shares were traded on both the stock exchanges.
