Coal India, an Indian state-controlled coal mining company, witnessed a fall in share price on Tuesday after Finance Minister Arun Jaitley said the government will pass ordinance to allow commercial players in coal mining business without giving a timeline.

The reforms announced by the government in coal sector are unlikely to impact Coal India.

Shares of the company are trading at Rs 353.75, down Rs 6.95, or 1.93% at the Bombay Stock Exchange (BSE) on Tuesday at 12:09 p.m.

The scrip has touched an intra-day high of Rs 363 and low of Rs 352.10. The total volume of shares traded at the BSE is 174,735.