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Shares of Coal India jumped as much as 3.75 per cent and was the among top percentage gainers on BSE index.
Traders expect a dividend of Rs 20 per share after NMDC Ltd declared its first interim dividend on Friday.
The world’s biggest coal miner by output had on Thursday reported a higher-than-expected 14 per cent rise in consolidated quarterly net profit on higher sales.
State-run Coal India may also sign long-term contracts with steel companies to supply medium-grade coking coal, according to Coal Secretary Anil Swarup.
The stock is one of the top gainers on S&P BSE-PSU index, which is up 3.6 per cent.
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