Coal Production Crosses 1 Billion Tonne Mark; 4 Stocks That Stand To Gain From Feat

India has achieved the historic mark of producing 1 billion tonnes of coal on Friday and Prime Minister Narendra Modi took to X to applaud the achievement, highlighting India's commitment to energy security, economic growth and self-reliance.

What Did PM Modi Say?

While reposting Union Minister for Coal and Mines, G Kishan Reddy's post, the Prime Minister also lauded this achievement, calling it a "proud moment for India" and recognizing the relentless dedication and hard work of those associated with the sector.

Stocks That Could Gain From This

Not only is this move going to contribute to the Prime Minister's goals of energy efficiency for Viksit Bharat but additionally here are four stocks that can gain from this move:

Coal India: Coal India share prices increased 2.3% from the last close and rose Rs 9.40 to Rs 406.05 per share, on the BSE. On the NSE, the prices of the share while closing, rose by 2.38% or Rs 9.45 to Rs 405.85 on Friday.

National Mineral Development Corporation (NMDC): The shares of NMDC closed at Rs 67.49, after a marginal increase of Rs 0.98 or 1.47% from the last close, on the BSE. On the NSE, the shares of NMDC closed at Rs 67.50 after a marginal rise of 1.52% or Rs 1.01 as compared to the last close.

Vedanta Limited: The shares of Vedanta Ltd closed at Rs 467.45 after registering a decline of 0.70% or Rs 3.30, on the BSE. On the NSE, the shares of the company declined 0.41% or Rs 1.95 to fall to Rs 468.80.

Metals and Minerals Trading Corporation of India (MMTC): The shares of MMTC on the BSE closed at Rs 54.85 after registering a growth of Rs 0.98 or 1.82%, while on the NSE the company's shares closed at Rs 54.89 after rising by 1.89% or Rs 1.02.

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