Shares Of Coal India Lost Around 2 Percent Intraday After The Government On Tuesday

Shares of Coal India lost around 2 percent intraday after the government on Tuesday allowed private sector to mine coal and sell it for commercial use.

The move ended state-owned CIL's monopoly in a bid to cut imports by raising domestic output.

The Cabinet Committee on Economic Affairs approved the auctioning of coal mines to any firm bidding the highest per tonne price, Minister for Coal and Railways Piyush Goyal said briefing the media.

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