Coal India shares nosedive 5% on govt stake sale plan
The government plans to sell 3% stake in CIL at a floor price of ₹225 per share, a discount of 6.7% to Wednesday’s closing price.
The government plans to sell 3% stake in CIL at a floor price of ₹225 per share, a discount of 6.7% to Wednesday’s closing price.
The price hike is expected to generate incremental revenue of ₹2,703 crore for the balance period of financial year 2023-24, says CIL
Production of raw coal during the March quarter of FY22 increased to 209 million tonnes from 203.42 million tonnes a year ago.