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Production pace advances in Coal India

News

  • Shares of Coal Indiahave rallied more than 4.5% to Rs 405 on the Bombay Stock Exchange (BSE)
  • The rise was after production of the company in May,rose by about 13% as against the corresponding period previous year.

Government

  • The government has announced that,it will be resuming coal block auctions,by offering 10 mines with a total annual production of 13.14 million tonnes to cement, steel and aluminium companies and captive power producers.
  • The ministry of coal will auction linkages to Coal India’s production for the span of five years.

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