Coal India edged higher in volatile trade after the company said its board of directors has approved setting up a coal-based super-critical thermal power plant in Odisha at a total capital investment of Rs 11363.18 crore. The stock was up 0.5% at Rs 351.15. The scrip hit high of Rs 352.50 and low of Rs 347 so far during the day. The power plant is being set up by Mahanadi Basin Power (MBPL) a wholly owned subsidiary of Mahanadi Coalfields, which is a wholly owned subsidiary of Coal India. The announcement was made during trading hours today, 28 November 2014.