Coal India allotted new mines

The government will allot 11 new coal mines to Coal India Ltd, adding 225 million tonnes to the state miner’s annual production capacity, a government statement said on Friday. The mines, located in Odisha, Jharkhand and Bihar, will help boost local production and reduce the country’s dependence on imported fuel. On Friday, Coal India shares rose 0.48%, or Rs1.35, to 284.45 on a day the benchmark Sensex scaled a new high of 35,511.58 points, an increase of 251.29 points from previous close.