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Published on 9/01/2018 1:01:58 PM | Source: Dion Global Solutions Ltd

CIL jumps nearly 8% on revision of coal prices

Shares of Coal India jumped nearly 8 per cent on the Bombay Stock Exchange after the company said its board approved revision of non-coking coal prices with effective from today. Following the announcement, shares of the company gained as much 7.69 per cent and touched an intra-day high of Rs 310.00 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the firm were trading 6.11 per cent higher at Rs 305.00 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 34,450.36, up 97.58 points, or 0.28 per cent, at 11:25 hours.