Coal India shares over 2 per cent on Friday after Centre on Thursday asked state-owned power generation firms to immediately stop imports of the fuel and instead buy coal from the company.
At 2.56 pm, shares of the company were trading 1.79 per cent at Rs 312.70. The scrip opened at Rs 308.90 and has touched a high and low of Rs 314.35 and Rs 308.10, respectively in trade so far. Later, the scrip settled the day 2 per cent up at Rs 313.35.
“We have coal but there aren’t many takers for it. It is in this context that let me request the delegates from the states which are currently importing coal should immediately stop the imports because Coal India will offer coal to them,”
Union Coal Secretary Anil Swarup said on Thursday.
He said all the states, specially the generation companies, can work out a strategy to see how they can totally eliminate import of coal for the purpose of power generation.