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Coal India gains as workers call-off strike

Wednesday 19th Oct 2011 1342

Mumbai : Coal India is trading higher by 3% at Rs 330 in otherwise weak market on reports that the workers have called off the proposed three-day strike after the company’s management has assured workers of a Rs 20,000 bonus and an additional Rs 1,000 bonus for Diwali

Meanwhile, the company has resumed normal supplies of coal to power plants, a move which will help lift electricity production and reduce power outages across the country.

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