<div>Shares in Hindalco Industries gain as much as 3 per cent after Prime Minister Manmohan Singh's office says he is satisfied with the outcome of the process of allocating coal blocks to certain companies, dealers say.<br /><br />The comments were the first attributed to Singh since a case was filed this week against three companies in a scandal, dubbed "Coalgate." The scandal surfaced after an auditor's report last year questioning the government's practice of awarding coal mining concessions to companies without competitive bidding.<br /><br />Hindalco said last week it was being investigated in a coal block allocation case and it followed every process required in the coal block allocation.<br /><a href="http://www.businessworld.in/tagpage?tag=396165" target="_blank"><strong><br />Read more about 'Coalgate' here</strong></a><br /><br />(Reuters) </div>
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