Reuters logo
Select mining, metal stocks up on coal blocks auction draft rules
November 20, 2014 / 4:42 AM / 3 years ago

Select mining, metal stocks up on coal blocks auction draft rules

Reuters Market Eye - Select mining and metal stocks gain after government released e-auction rules.

The coal ministry on Wednesday unveiled draft rules for auction of 204 coal blocks cancelled by the Supreme Court earlier - PIB website.

Hindalco Industries (HALC.NS) gains 0.65 pct while Sarda Energy and Minerals (SAEM.NS) surges 3.4 pct.

Timeframe provided in the draft rules for auction is positive - dealers

Details on pricing, compensation still awaited, dealers add.

Reporting by Abhishek Vishnoi

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below