NEW DELHI: Shares of Vedanta were trading higher on Monday after reports suggested that the company's chief Anil Agarwal has lined up a Rs 10,000 crore investment plan for Jharkhand.

Following the development, the stock gained 1.37 per cent to Rs 344.35 on BSE. It opened at Rs 340.05 and touched an intraday high and low of Rs 344.70 and Rs 339.95 respectively, in the first hour of trade.

The scrip touched its fresh 52-week high of Rs 345 on October 27, 2017 and its 52-week low of Rs 192.35 on November 21, 2016.

According to reports, the plan includes an iron ore mining project and an integrated steel plant.

Promoters held 50.23 per cent stake in the company as of September 2017.

For the quarter ended June 30, 2017, Vedanta reported total revenue at 9,378 crore and net profit stood at 34 crore.