Coal India share price jumps 8% after PM launches auction process of coal blocks !!
Shares of Coal India jumped almost 8 percent in intraday trade on BSE on June 18 after the Prime Minister Narendra Modi on Thursday launched the auction process for 41 coal blocks for commercial mining. The government’s move will open India’s coal sector for private players and termed as a major step in the direction of India achieving self-reliance. As per a PTI report, the Prime Minister said the launch of the auction process not only marks the beginning of unlocking of the country’s coal sector from the “lockdown of…