Coal India share price jumped 8 per cent to Rs 139.65 apiece on BSE in Thursday’s volatile session as PM Narendra Modi launched auction process of 41 coal mines for commercial mining. Coal India stock price has risen 17 per cent from its March low of Rs 119.25. The market capitalisation of Coal India stands at Rs 85,351.88 crore with today’s surge in the stock price. PM Modi said that commercial coal block auction is a win-win situation for industry users as new resources will open up, states will earn more revenue and will generate more job opportunities. “PM Modi commented earlier today that coal mining will become “Atmanirbhar” and kicked off the auction process of coal blocks for commercial mining,” Amit Gupta, Founder and CEO of Tradingbells, told Financial Express Online.
