According to sources, Adhunik Metaliks arm has won JV right to Patratu coal block, reports CNBC-TV18, quoting Newswire18.
Jharkhand government auctioned Patratu, Pindra Debipur blocks.
Adhunik Metaliks touched an intraday high of Rs 59.75 and an intraday low of Rs 53.20. At 14:25 hrs the share was quoting at Rs 55.40, up Rs 1.65, or 3.07%.
It was trading with volumes of 278,328 shares, compared to its 5-day average of 121,626 shares, an increase of 128.84%.
In the previous trading session, the share closed down 2.01% or Rs 1.10 at Rs 53.75.