Coal India Ltd

Coal India (CIL) and the Non-Ferrous Materials Technology Development Centre (NFTDC)'an autonomous, self-financing R&D institution under the Ministry of Mines, Government of India have executed a Non-Binding Memorandum of Understanding (MoU) on 15 March 2025, at Hyderabad. Under this collaboration, CIL and NFTDC will jointly work on technology development and expertise enhancement in the field of critical minerals.Powered by Capital Market - Live

The domestic equity benchmarks traded with modest gains in morning trade, breaking a three-week losing streak, supported by positive domestic economic data that boosted investor confidence. The Nifty traded above the 22,600 level. Metal shares extended gains for the sixth consecutive trading session. The upcoming trading week will be shorter due to holidays, with market participants closely monitoring both global and domestic events. At 10:30 IST, the barometer index, the S&P BSE Sensex, rose 205.14 points or 0.28% to 74,571.42. The Nifty 50 index added 66 points or 0.29%, to 22,618.50. In the broader market, the S&P BSE Mid-Cap index rose 0.02% and the S&P BSE Small-Cap index declined 0.62%. The market breadth was negative. On the BSE, 1,714 shares rose and 1,915 shares fell. A total of 183 shares were unchanged. Economy: India's forex reserves dropped by $1.781 billion to $638.698 billion in the week ended February 28, the RBI said on Friday. Foreign currency assets, a major component of the reserves, decreased by $493 million to $543.35 billion. Gold reserves decreased by $1.304 billion to $73.272 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up by $27 million to $17.998 billion, the apex bank said. India's reserve position with the IMF fell by $12 million to $4.078 billion in the reporting week, the apex bank data showed. Buzzing Index: The Nifty Metal index added 0.95% to 9,012.10. The index surged 9.64% in six consecutive trading sessions. JSW Steel (up 1.61%), Jindal Steel & Power (up 1.5%), Adani Enterprises (up 1.22%), Tata Steel (up 1.21%) and NMDC (up 1.1%), Hindalco Industries (up 1.02%), Steel Authority of India (up 0.85%), APL Apollo Tubes (up 0.62%), Vedanta (up 0.55%) and Welspun Corp (up 0.38%) advanced. On the other hand, Ratnamani Metals & Tubes (down 1.10%), National Aluminium Company (down 1.08%) and Hindustan Copper (down 0.94%) edged lower. Stocks in Spotlight: Coal India (CIL) rose 0.75%. The company said that it has signed memorandum of understanding (MoU) with Indian Institute of Technology, Hyderabad (IIT-H) to develop clean coal technologies, diversification in coal utilization. Sun Pharmaceutical Industries added 0.19%. The company said that it has entered into an agreement for the acquisition of all the outstanding shares of Checkpoint Therapeutics, Inc., an immunotherapy and targeted oncology company. Lupin gained 0.44%. The pharma major announced that it has launched Rivaroxaban tablets USP, 2.5 mg, in the US market following final approval from the US Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA). Powered by Capital Market - Live

The company will establish a centre of clean coal energy & net zero (CLEANZ) at Hyderabad. Both the entities will synergize their efforts in developing cutting edge technology readiness level (TRL) for sustainable utilization of Indian coal. This is in line with the country's net zero commitments. The current collaborative model is an research & development (R&D) endeavour under the umbrella of National Centre for Coal and Energy Research (NaCCER). This is an independent R&D unit of CMPDI, the mine development and consultancy arm of CIL. The CIL management has green flagged a grant of Rs 98 crore to IITH for a duration of five years for setting up centre of excellence. It is anticipated that the project will be financially self-sustainable beyond the initial five year funding received from CIL. CIL's Board earlier in July 2024 has given its nod to focus on providing grants to reputed government institutions and research organizations under R&D expenditure. The objective is to enhance research capabilities and establishment of Centres of Excellence. Coal India is a coal mining company engaged in the production and sale of coal. As of 31 December 2024, the Government of India held a 63.13% stake in the company. The firm reported a 17.04% decrease in consolidated net profit to Rs 8,505.57 crore in Q3 FY25 from Rs 10,253.48 crore in Q3 FY24. Revenue from operations fell 1.03% to Rs 35,779.78 crore in the third quarter of FY25 from Rs 36,153.97 crore recorded in the same period last year. The counter 0.97% to settle at Rs 384.00 on the BSE.Powered by Capital Market - Live

Coal India Ltd is up for a third straight session in a row. The stock is quoting at Rs 380.65, up 3.37% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.51% on the day, quoting at 22451.5. The Sensex is at 74133.19, up 0.55%. Coal India Ltd has risen around 0.63% in last one month. Meanwhile, Nifty Energy index of which Coal India Ltd is a constituent, has risen around 3.73% in last one month and is currently quoting at 31099.45, up 1.59% on the day. The volume in the stock stood at 58.84 lakh shares today, compared to the daily average of 61.03 lakh shares in last one month. The benchmark March futures contract for the stock is quoting at Rs 384.75, up 4.2% on the day. Coal India Ltd is down 17% in last one year as compared to a 0.19% drop in NIFTY and a 21.61% drop in the Nifty Energy index.The PE of the stock is 13.19 based on TTM earnings ending December 24.Powered by Capital Market - Live

Coal India (CIL) in a latest decision has done away with the financial coverage, of ten days of coal value that its non-power sector (NPS) consumers were required to pay CIL for the coal they receive through rail mode. With the waiver of financial coverage, CIL takes an important step towards reducing transactional complexities and fostering an environment that encourages smooth and efficient business operations. 'The latest decision is one more step in CIL's ongoing efforts to streamline operations under the broader ease of doing business initiative. This also helps reducing financial burden for NRS consumers and improve their cash liquidity' said a CIL executive. The liquidity availability enables consumers to use the freed-up capital for other operational needs and reduce the working capital pressure. During the ongoing financial year CIL supplied about 560 million tonnes (MT) of coal to power sector and nearly 134 MTs to NPS consumers till February. The offtake through rail mode accounted for 55% of CIL's total supplies. This initiative is also part of CIL's broader vision to optimize and modernize coal supply processes for all sectors, aligning with the government's ongoing push to make business operations more transparent, accessible, and cost-effective for industries across India.  Powered by Capital Market - Live

The key benchmark indices ended with substantial losses on Friday due to ongoing FII selling and concerns over the tariff situation, while investors awaited India's key GDP data. The Nifty settled below the 22,150 mark. All the sectoral indices on the NSE were in red with IT, auto and media shares declining the most. As per provisional closing data, the barometer index, the S&P BSE Sensex, tanked 1414.33 points or 1.90% to 73,198.10. The Nifty 50 index declined 420.35 points or 1.86% to 22,124.70. The broader market underperformed frontline indices. The S&P BSE Mid-Cap index declined 2.16% and the S&P BSE Small-Cap index dropped 2.33%. The market breadth was weak. On the BSE, 766 shares rose and 3,227 shares fell. A total of 89 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 4.39% to 13.89. SEBI Leadership Change: Tuhin Kanta Pandey has been appointed as the 11th chairperson of the Securities and Exchange Board of India (SEBI) for a three-year term. The current Finance Secretary will replace Madhabi Puri Buch, who will complete her tenure as SEBI's first woman chairperson on Friday, February 28, 2025. Buzzing Index: The Nifty IT Index declined 4.18% to 37,318.30. The index tumbled 10% for the seventh consecutive trading session. Tech Mahindra (down 6.32%), Wipro (down 5.72%), Mphasis (down 5.43%), LTIMindtree (down 4.36%) and Infosys (down 4.34%), Tata Consultancy Services (down 3.58%), HCL Technologies (down 3.32%), Persistent Systems (down 3.09%), L&T Technology Services (down 2.42%) and Coforge (down 1.69%) declined. Stocks in Spotlight: Coal India rose 1.40% after the company said it will impose an additional charge of Rs 300 per tonne across Northern Coalfields mines. Tata Consultancy Services (TCS) slipped 3.43%. The company announced that it had extended its partnership with DNB Bank ASA for an additional five years to power next-generation banking innovation Tata Power Company slipped 1.98%. The company announced that its subsidiary, TP Solar, has secured a contract worth Rs 632 crore from the Solar Energy Corporation of India (SECI) for the supply of 292.5 MWp of domestic content requirement (DCR) solar modules. Rail Vikas Nigam (RVNL) dropped 4.91%. The company has announced that it has received a Letter of Acceptance (LoA) from Central Railway for a project valued at Rs 135.66 crore. Angel One rose 0.81%. The company after the company reported a data leakage incident involving unauthorized access to its Amazon Web Services (AWS) resources. Angel One in a regulatory filing stated that it received alerts from its dark-web monitoring partner on 27 February 2025, indicating potential unauthorized access to client data. Upon investigation, the company confirmed that certain AWS resources had been compromised. Anupam Rasayan India advanced 0.80% after the company has signed a Letter of Intent (LOI) with Elementium Materials Inc., a U.S.-based Battery Electrolyte Company, for the supply of chemicals for electric vehicle (EV) batteries. Solar Industries India added 0.26%. The company said that the company and its subsidiary have received export orders worth Rs 2,150 crore for supply of defence products. NCC declined 1.93%. The company has announced that its board has approved an equity investment of Rs 70 crore in NCC Quantum Technologies, a wholly owned subsidiary of the company. Narmada Gelatines rallied 3.19%. The company said that its board has approved the appointment of Arun Jaiswal as a chief financial officer (CFO) and key managerial personnel (KMP) with effect from 15 March 2025. KSB shed 0.35% after the company's consolidated net profit surged 33.15% to Rs 73.1 crore on 20.54% increase in revenue from operations to Rs 726.4 crore in Q4 CY24 over Q4 CY23. Global Markets: Most European stocks declined on Friday after U.S. President Donald Trump renewed his threat to impose tariffs on the European Union. He also followed through with the announcement of new levies on Canada and Mexico. French inflation cooled to 0.8% in February, according to preliminary figures from the country's statistics agency Insee. German retail sales rose 0.2% in real terms between December and January, preliminary figures showed on Friday Similarly, Asian stocks ended lower on Friday following Trump's decision to impose an additional 10% tax on Chinese imports, on top of the 10% tariff introduced earlier this month. Furthermore, Trump also reaffirmed his plan to implement a 25% tariff on imports from Canada and Mexico, which is set to take effect on March 4. In Japan, factory output dipped 1.1% in January from the previous month, while retail sales climbed 3.9% year-over-year. Meanwhile, core consumer prices in Tokyo rose 2.2% in February. Wall Street ended sharply lower on Thursday, dragged down by a selloff in chip stocks and signs of a cooling economy. The Dow Jones Industrial Average fell 0.45% to 43,239.50, while the S&P 500 declined 1.59% to end at 5,861.57. The Nasdaq closed 2.78% lower at 18,544.42. Nvidia shares plunged 8.5% to $120.15, despite strong Q4 earnings that beat expectations. Investors remain wary of shrinking profit margins and rising costs tied to its Blackwell AI chip rollout. The US economy expanded at a 2.3% annualized rate in Q4 2024, unchanged from initial estimates but slower than Q3's 3.1% growth. For the full year, GDP grew 2.8%, slightly below 2023's 2.9%. Meanwhile, jobless claims surged unexpectedly, with 242,000 new applications filed last week'up 22,000 from the previous period. On a brighter note, new orders for US-manufactured capital goods jumped 0.8% in January, following a downwardly revised 0.2% rise in December.Powered by Capital Market - Live

Coal India on Thursday (27 February) announced that a uniform levy of Rs 300 per tonne will be imposed across all mines of its wholly owned subsidiary, Northern Coalfields Ltd (NCL), effective from 1 May 2025. In a regulatory filing, the PSU coal major said that its board approved the Singrauli Punarasthapan Charge of Rs 300 per tonne, over and above the notified price of coal shall be levied uniformly across all mines of NCL on and from 1st May'2025. The decision, it added, is expected to generate additional revenue of around Rs 3877.50 crore. NCL is the third largest subsidiary of Coal India. Total coal production capacity as per Environmental Clearances of NCL mines as on 31 March 2024 was 138.97 Million Tonne Per Annum (MTPA). Coal India is a coal mining company engaged in the production and sale of coal. As of 31 December 2024, the Government of India held a 63.13% stake in the company. The firm reported a 17.04% decrease in consolidated net profit to Rs 8,505.57 crore in Q3 FY25 from Rs 10,253.48 crore in Q3 FY24. Revenue from operations fell 1.03% to Rs 35,779.78 crore in the third quarter of FY25 from Rs 36,153.97 crore recorded in the same period last year. Powered by Capital Market - Live

The Board of Coal India at its meeting held on 27 February 2024 has approved the following: - Singrauli Punarasthapan Charge' of Rs. 300/- per tonne, over and above the notified price of coal shall be levied uniformly across all mines of Northern Coalfields on and from 1 May 2025. - The expected additional revenue will be around Rs 3877.50 crore. Powered by Capital Market - Live

The joint venture will undertake PSP projects, along with other renewable energy projects in India and neighboring countries, the company said in an exchange filing. The firm reported a 17.04% decrease in consolidated net profit to Rs 8,505.57 crore in Q3 FY25 from Rs 10,253.48 crore in Q3 FY24. Revenue from operations fell 1.03% to Rs 35,779.78 crore in the third quarter of FY25 from Rs 36,153.97 crore recorded in the same period last year. Coal India is a coal mining company engaged in the production and sale of coal. As of 31 December 2024, the Government of India held a 63.13% stake in the company. Shares of Coal India shed 0.78% to Rs 367 on the BSE.Powered by Capital Market - Live

Coal India Ltd is up for a fifth straight session today. The stock is quoting at Rs 370.1, up 0.58% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.45% on the day, quoting at 22810.7. The Sensex is at 75366.78, down 0.49%. Coal India Ltd has slipped around 2.4% in last one month. Meanwhile, Nifty Energy index of which Coal India Ltd is a constituent, has slipped around 6.22% in last one month and is currently quoting at 31769.65, down 0.21% on the day. The volume in the stock stood at 24.97 lakh shares today, compared to the daily average of 59.18 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 369.5, up 0.41% on the day. Coal India Ltd is down 16.86% in last one year as compared to a 2.67% jump in NIFTY and a 19.92% jump in the Nifty Energy index.The PE of the stock is 13.18 based on TTM earnings ending December 24.Powered by Capital Market - Live