Coal news and updates

Monnet Ispat surges on winning coal block in Chattisgarh

Shares of Monnet Ispat and Energy has surged 10% to Rs 61.45 on BSE in early morning trade on reports that the company has bagged one coal block in Chhattisgarh.

"Monnet Ispat, highest bidder at Rs 2,619 (per tonne) for Gare Palma IV/7 (coal mine)," Coal Secretary Anil Swarup tweeted.

The stock opened at Rs 60 and touched high of Rs 63 on BSE. The counter has seen huge trading volumes with a combined around 583,000 shares changed hands in first 10 minutes of trade on BSE and NSE.

source: http://www.business-standard.com