From no-go to go

With Coal India’s shares rising 1.5% on Wednesday while the Sensex fell marginally, it’s obvious the GoM’s decision to scrap the go/no-go classification of former environment minister Jairam Ramesh has got the market all excited. One of the arguments made by Coal India for its dismal record in coal production, in the past, has been that Jairam’s no-go classification had reduced the area for coal exploration by around 43% and coal mining by around a third.

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