Coal India Ltd

In a move to reduce India's dependence on imports gross calorific value (GCV) normally consumed by Sponge Iron sector, the company has put on offer an all-time high of 35 million tonnes (MTs) under linkage auction route. The auction is scheduled to be held on 12 June 2026 and is expected to help lower imports of this grade of coal. Responding to demands from the steel (coking) sector, the company has allowed them to sell coal middlings in the open market. Middlings are power grade coal that are residual byproduct of washed raw coking coal. While some steel plants consume these quantities in captive power generation, surplus volumes can now be sold externally. The provision has been introduced under the ongoing Tranche-X linkage auctions, which commenced on 3 June 2026. The company has offered 13.75 MTs coal to Steel (coking) sub-sector in current tranche, while also permitting the change of consortium partners over the duration of the linkage period. Earlier, they had the option of changing the partners twice during the contract, which is now increased to five. The company has also eased norms for NRS consumers planning greenfield and brownfield projects. Such consumers can now secure coal linkages before project commissioning. They can source coal within three years after the participation in the linkages which enables them to secure bank loans as fuel sourcing is tied up with this. It gives them greater leverage in the market. The company continues to meet coal requirements of the power sector through various auction windows. Between January and May of the current fiscal year, the company offered 57.8 MT of coal under Window-II (short-term) and 69.2 MT under Window-I (long- and medium-term). The company said that it continues to meet the coal requirements of the power sector. As a natural occurrence, coal stock levels tend to shrink at coal fired plants, fueled by peak summer demand. Therefore, marginal decline in coal stocks at power plants is not a cause for concern, as sustained coal production is ensuring continuous replenishment of fresh stocks. The company will be conducting the next round of shortterm auctions under SHAKTI policy on 8 June, for power sector consumers, where around 34 MTs of coal would be put on the block. Coal India is India's largest coal producer and a Maharatna public sector undertaking. The company primarily engages in coal mining and production and supplies coal to power, steel, cement, fertilizer and other industrial sectors. For the quarter ended March 2026, Coal India reported a 12.9% increase in consolidated net profit to Rs 10,839.18 crore, while revenue from operations rose 5.75% to Rs 46,490.03 crore compared with the corresponding quarter of the previous year. The counter declined 1.96% to end at Rs 472.30 on the BSE.Powered by Capital Market - Live

The OFS, launched by the President of India through the Ministry of Coal, had a base offer of 6.16 crore shares, representing 1% of the company's equity capital, along with an oversubscription option for another 6.16 crore shares. This increased the total offer size to 12.32 crore shares, equivalent to 2% of Coal India's equity. The issue opened for non-retail investors on 27 May 2026 at a floor price of Rs 412 per share. Investor response was strong. On the first day reserved for non-retail investors, bids were received for 45.17 crore shares against the total non-retail offer size of 11.09 crore shares, resulting in a subscription of 407.17%. Bids backed by 100% margin accounted for 14.30 crore shares, while bids without upfront margin stood at 30.87 crore shares. The indicative price discovered during the non-retail bidding process was Rs 448.41 per share, while the clearing price was fixed at Rs 447.10 per share. On the second day, which was open to retail investors and non-retail investors carrying forward their bids, the retail portion attracted bids for 1.61 crore shares against the total retail offer size of 1.23 crore shares, translating into a subscription of 130.29%. The non-retail carry-forward portion received bids for 24.82 lakh shares, representing 2.01% of the total OFS size of 12.32 crore shares. Overall, bids for 1.85 crore shares were received on the second day, amounting to 15.04% of the total OFS size. The government also offered up to 25,000 shares to eligible employees of Coal India, subject to necessary approvals. Employees could apply for shares worth up to Rs 5 lakh. The successful completion of the OFS is expected to reduce the Government of India's stake in Coal India from 63.13% as of March 2026. Coal India is India's largest coal producer and a Maharatna public sector undertaking. The company primarily engages in coal mining and production and supplies coal to power, steel, cement, fertilizer and other industrial sectors. For the quarter ended March 2026, Coal India reported a 12.9% increase in consolidated net profit to Rs 10,839.18 crore, while revenue from operations rose 5.75% to Rs 46,490.03 crore compared with the corresponding quarter of the previous year. Currently, shares of Coal India were down 0.35% at Rs 470.85 on the BSE. Powered by Capital Market - Live

Coal India reported coal production of 56.1 million tons (MT) in month of May 2026 compared to 63.5 MT in May 2025, recording a decline of 11.6%. The company's offtake stood at 66.7 MT in May 2026, higher by 2.2% over 65.2 MT in May 2025.

The OFS opened for non-retail investors on 27 May 2026 and will open for retail investors on 29 May 2026. The government has set a floor price of Rs 412 per share, representing a discount of 8.87% to the prevailing market price. The base offer comprises 6.16 crore equity shares (1% equity), with an option to additionally sell another 6.16 crore shares under the oversubscription option. This takes the total OFS size to 12.32 crore shares (2% equity) if the greenshoe option is exercised. Out of the total offer, around 5.54 crore shares have been reserved for non-retail investors, while 61.62 lakh shares have been earmarked for retail investors. As of 11:30 AM on 27 May 2026, the non-retail portion of Coal India's OFS had received bids for 1.11 crore shares, translating into 20.17% subscription against the base non-retail offer size of 5.54 crore shares. The indicative price stood at Rs 413.68 per share. The President of India, acting through the Ministry of Coal, is the selling shareholder. As of March 2026, the government held a 63.13% stake in Coal India. State-run Coal India is mainly engaged in mining and production of coal and also operates coal washeries. The major consumers of the company are the power and steel sectors. Consumers from other sectors include cement, fertilizers, and brick kilns. The company reported a 12.9% jump in consolidated net profit to Rs 10,839.18 crore on 5.75% rise in revenue from operations to Rs 46,490.03 crore in Q4 FY26 over Q4 FY25. Powered by Capital Market - Live

Coal India Ltd fell 5.18% today to trade at Rs 434.5. The BSE Energy index is down 1.34% to quote at 11595.66. The index is down 1.12 % over last one month. Among the other constituents of the index, Oil & Natural Gas Corpn Ltd decreased 3.88% and Indraprastha Gas Ltd lost 1.27% on the day. The BSE Energy index went down 0.54 % over last one year compared to the 6.88% fall in benchmark SENSEX. Coal India Ltd has lost 4.06% over last one month compared to 1.12% fall in BSE Energy index and 1.76% drop in the SENSEX. On the BSE, 2.92 lakh shares were traded in the counter so far compared with average daily volumes of 5.3 lakh shares in the past one month. The stock hit a record high of Rs 490.9 on 30 Apr 2026. The stock hit a 52-week low of Rs 368.55 on 28 Aug 2025.Powered by Capital Market - Live

Even as daily coal consumption by the country's thermal power plants increased sharply, Coal India (CIL) allays the coal shortage apprehensions. There is a 168 Million Tonne (MT) coal buffer to meet the summer demand. Coal stocks at domestic coal-based plants stood at 47.6 MTs (as on 23 May) while the coal inventory at CIL's own mine heads at a comfortable level of 113.5 MTs (24 May) is ahead by 10% year-on-year. This level is sufficient to meet 19 days of consumption. Added to this, around 3 MTs of coal is awaiting at transit points such as goods sheds, private washeries and ports. Rakes on Run, that is, coal in transit at any point of time is around 4 MTs making a total of 168 MTs of coal available in the system. Compression of coal stock levels at coal fired plants during peak summer is a natural occurrence rather than a supply-side crisis. Along with coal adequacy, there is around 50 MT in-situ mine coal on tap, ready for quicker extraction and supply if the demand necessitates. Of the 21 plants categorized under criticality (as of 20 May), 11 are domestic coal-based plants of which 7 source their coal from CIL. CIL has been corresponding with power plants to build up their stocks for peak demand periods in advance, when there is ample coal, especially in case of the plants located at difficult logistic points. As such CIL has adequate quantity to meet the generation capacity of domestic coal-based plants.

Coal India announced that the name of CIL Solar PV (a wholly owned subsidiary of Coal India) has been struck off from the Register of Companies and the said company stands dissolved.

Coal India Ltd is down for a fifth straight session today. The stock is quoting at Rs 456.6, down 2.15% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.67% on the day, quoting at 24162.95. The Sensex is at 77279.95, down 0.73%.Coal India Ltd has added around 0.55% in last one month.Meanwhile, Nifty Energy index of which Coal India Ltd is a constituent, has increased around 10.84% in last one month and is currently quoting at 41141.95, down 0.95% on the day. The volume in the stock stood at 109.4 lakh shares today, compared to the daily average of 132.9 lakh shares in last one month. The benchmark May futures contract for the stock is quoting at Rs 457.15, down 1.65% on the day. Coal India Ltd jumped 19.4% in last one year as compared to a 0.65% rally in NIFTY and a 22.24% spurt in the Nifty Energy index.The PE of the stock is 15.24 based on TTM earnings ending March 26.Powered by Capital Market - Live

Coal India announced that Satyabrata Panda, Independent Director ceased to be Independent Director of the Company on completion of his tenure w.e.f 30 April 2026.

Coal India announced that the Board of Directors of the Company at its meeting held on 27 April 2026, inter alia, have recommended the final dividend of Rs 5.25 per equity Share (i.e. 52.5%) , subject to the approval of the shareholders.