Coal India surges 7% as arm set to overshoot production aim
NEW DELHI: Coal India’s shares skyrocketed as much as 7 per cent in early trade Thursday as the state-run mining giant said that its subsidiary Northern Coalfields Ltd is set to cross production target of 119 million tonnes for the current fiscal.
The share price also received a boost after Coal India said that its aim of making capital expenditure of Rs 1,640 crore remains on track.
