Archive · 17 Sep 2025
Coal India Stock Rises on Rare Earth Exploration
Coal India's stock went up because they won the bid to explore for rare earth elements.
They were chosen by the government to explore a block called Ontillu-Chandragiri.
This block covers a large area.
The stock rose up to 2% during trading.
Technically, the stock looks strong, trading above its moving averages.
The RSI is neutral, while MFI suggests an overbought condition.
Coal India was declared the preferred bidder.
The bid is for the Ontillu-Chandragiri Rare Earth Elements (REE) Exploration Block.
The block spans 209.62 sq km.
Shares of Coal India rose up to 2% during the trading day.
The stock is trading above its key moving averages.
- Who
- Coal India
- What
- Declared preferred bidder for rare earth exploration block
- When
- Wednesday
- Where
- India
- Why
- Ministry of Mines declared them as preferred bidder
- Company
- Coal India
- Event
- Declared preferred bidder for REE Exploration Block
- Block Name
- Ontillu-Chandragiri
- Block Area
- 209.62 sq km
- Stock Movement
- Up 2% (intraday)
- RSI
- 63.2
Sources
Coal India wins bid for rare earth exploration block
Rare earth push: Coal India emerges as preferred bidder in Ministry of Mines auction
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