Coal India, an Indian state-controlled coal mining company, surged on Monday after media reports quoted that taking a decision on the restructuring of the company (CIL) for improving its operational efficiency is among the key points of an action plan that has been prepared by the Coal Ministry for the sector.

Shares of the company are trading at Rs 415.10, up Rs 17.55, or 4.41% at the Bombay Stock Exchange (BSE) on Monday at 11:40 a.m.

The scrip has touched an intra-day high of Rs 417 and low of Rs 401.95. The total volume of shares traded at the BSE is 621,714.

In the earlier session, the shares gained 1.95%, or Rs 7.6, at Rs 397.55. Currently, the stock is trading all time 52-week high, which is above 74.16% over the 52-week low of Rs 238.35.