Coal India to sign fuel supply agreement; stk rises 2%

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Coal India to sign fuel supply agreement; stk rises 2%

According to sources, Coal India will sign fuel supply agreement at full Letter of allocation quantity. Below 80% level, the company will be penalized and above 90% level, it will be given incentives, reports CNBC-TV18. At 09:25 hrs the share was quoting at Rs 324.10, up Rs 6.95, or 2.19%.

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According to sources, Coal India  will sign fuel supply agreement at full Letter of allocation quantity. Below 80% level, the company will be penalized and above 90% level, it will be given incentives, reports CNBC-TV18.

The share touched an intraday high of Rs 324.80 and an intraday low of Rs 319.60. At 09:25 hrs the share was quoting at Rs 324.10, up Rs 6.95, or 2.19%.
 
It was trading with volumes of 121,767 shares. In the previous trading session, the share closed down 2.61% or Rs 8.50 at Rs 317.15.