Sharekhan

Coal India Ltd

Wed 30/04/2025,15:59:58 | NSE : COALINDIA

₹ 385.30-3.80 (-0.98%)

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Open

₹ 389.10

Previous Close

₹ 389.10

Volume

4559122

Mkt Cap ( Rs. Cr)

₹237449.92

High

₹ 390.35

Low

₹ 383.10

52 Week High

₹ 543.55

52 Week Low

₹ 349.25

Book Value Per Share

₹ 156.09

Dividend Yield

6.61

Face Value

₹ 10.00

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Buy

72.45%

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16.40%

Sell

11.14%

72.45%

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Qty

385.30

3405

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Bid Total

3405

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News

Media spotlight triggers stock stock attention, sentiment.

  • Coal India - Disclosure under SEBI Takeover Regulations

    29 Apr 2025, 3:36PM Coal India Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantia
  • Coal India - Copy of Newspaper Publication

    28 Apr 2025, 9:43AM Coal India Limited has informed the Exchange about Copy of Newspaper Publication-Newspaper publication of Notice of board meeting
  • Coal India - Press Release

    21 Apr 2025, 4:33PM Coal India Limited has informed the Exchange regarding a press release dated April 21, 2025, titled ""CIL & DVC sign MoU to set up 2 X 800 MW power pl
  • Coal India - Memorandum of Understanding/Agreements

    21 Apr 2025, 4:32PM Coal India Limited has informed the Exchange about Memorandum of Understanding/Agreements- Memorandum of Understanding (MoU) between Coal India Limite
  • Coal India - Board Meeting Intimation

    21 Apr 2025, 3:09PM COAL INDIA LIMITED has informed the Exchange about Board Meeting to be held on 07-May-2025 to consider and approve the Yearly Audited Financial result
  • Coal India - Analysts/Institutional Investor Meet/Con. Call Updates

    21 Apr 2025, 11:57AM Coal India Limited has informed the Exchange about Schedule of meet- Non Deal Road Show at Chicago, US on 28th April 2025
  • Coal India - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    21 Apr 2025, 4:37PM Press release regarding MoU between CIL and DVC
  • Coal India - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements

    21 Apr 2025, 4:35PM MoU between CIL and DVC
  • Coal India - Board Meeting Intimation for NOTICE FOR BOARD MEETING

    21 Apr 2025, 3:04PM Coal India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/05/2025 ,inter alia, to consider and appro
  • Coal India - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    21 Apr 2025, 11:55AM Non Deal Road Show at Chicago, US on 28th April' 2025
  • Coal India - Disclosure under SEBI Takeover Regulations

    16 Apr 2025, 5:41PM Pradeep Raj Nayan, Under Secretary to Government of India, Ministry of Coal (CA Section) has Submitted to the Exchange a copy of Disclosure under Regu
  • Coal India has submitted to BSE the Shareholding Pattern for the Period Ended March 31, 2025

    7 Apr 2025, 4:50PM As of March 2025, 63.13% is owned by Indian Promoters and 36.87% by Public. <p align=justify> Institutional holds 31.09% (Insurance Companies 11.21%)
  • Coal India - Certificate under SEBI (Depositories and Participants) Regulations, 2018

    3 Apr 2025, 5:19PM Coal India Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018- Certificate under Regulat
  • Coal India - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    3 Apr 2025, 5:17PM Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018
  • Coal India - General Updates

    1 Apr 2025, 6:19PM Coal India Limited has informed the Exchange about General Updates-Enhancement of coal price by Rs 10/- per ton for coking and non-coking coal for Reg
  • Coal India - Enhancement Of Coal Price By Rs 10/- Per Ton For Coking And Non-Coking Coal For Regulated And Non-Regulated Sect

    1 Apr 2025, 6:18PM Update
  • Coal India - General Updates

    1 Apr 2025, 3:06PM Coal India Limited has informed the Exchange about General Updates- Provisional Production and Off-take Performance of CIL and Subsidiary Companies fo
  • Coal India - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    1 Apr 2025, 11:40AM COAL INDIA LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
  • Coal India - General Updates

    1 Apr 2025, 11:36AM Coal India Limited has informed the Exchange about General Updates- Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Require
  • Coal India produces 781 MT in FY25, falls 7% short of target

    1 Apr 2025, 4:46PM State-owned Coal India Ltd (CIL) reported a coal production of 781.1 million tonnes (MT) in the 2024-25 fiscal, falling nearly 7% short of its target
  • Coal India - Provisional Production And Off-Take Performance Of CIL And Subsidiary Companies For The Month Of Mar'25 And For

    1 Apr 2025, 3:07PM Update
  • Coal India - Disclosure Under Regulation 30 Of SEBI (Listing Obligations And\r\nDisclosure Requirements), Regulations 2015- C

    1 Apr 2025, 11:39AM Change in senior Management
  • Coal India - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    29 Mar 2025, 12:33PM COAL INDIA LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
  • Coal India - General Updates

    29 Mar 2025, 12:22PM Coal India Limited has informed the Exchange about General Updates- Re- Appointment/ Appointment of Non official Independent Director on the Board of
  • Coal India - Re-Appointment/Appointment Of Non-Official Independent Director On The Board Of Coal India Limited (CIL)-Disclos

    29 Mar 2025, 12:25PM Re-appointment/Appointment of Non-Official Independent Director-Disclosure as per SEBI Circular dated 11.11.2024
  • Coal India - Announcement under Regulation 30 (LODR)-Change in Directorate

    28 Mar 2025, 6:46PM Re-appointment/Appointment of Non Official Independent Directors in the Board of CIL
  • Coal India - Change in Director(s)

    28 Mar 2025, 6:42PM Coal India Limited has informed the Exchange regarding Change in Director(s) of the company.
  • Coal India - Trading Window-XBRL

    26 Mar 2025, 4:45PM COAL INDIA LIMITED has informed the Exchange about Closure of Trading Window
  • Coal India - Trading Window

    26 Mar 2025, 4:43PM Coal India Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
  • Coal India - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    25 Mar 2025, 2:52PM COAL INDIA LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
  • Coal India - General Updates

    25 Mar 2025, 2:49PM Coal India Limited has informed the Exchange about General Updates-Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirem
  • Coal India - Incorporation-XBRL

    25 Mar 2025, 2:45PM COAL INDIA LIMITED has informed the Exchange regarding Incorporation
  • Coal India - General Updates

    25 Mar 2025, 2:41PM Coal India Limited has informed the Exchange about General Updates- Incorporation of Coal Gas India Limited, a Subsidiary Company of Coal India Limite
  • Coal India forms subsidiary for Coal-to-Synthetic Natural Gas Business

    25 Mar 2025, 4:53PM State-owned Coal India Ltd (CIL) announced on Tuesday the incorporation of its subsidiary, Coal Gas India Ltd, to establish a coal-to-synthetic natura
  • Coal India - Disclosure Under Regulation 30 Of SEBI (Listing Obligations And\r\nDisclosure Requirements), Regulations 2015- C

    25 Mar 2025, 2:51PM Change in Senior Management
  • Coal India - Incorporation Of Coal Gas India Limited, A Subsidiary Company Of Coal India Limited.

    25 Mar 2025, 2:43PM Incorporation of Coal Gas India Limited, a subsidiary company of Coal India Limited
  • Coal India - Memorandum of Understanding/Agreements

    18 Mar 2025, 11:13AM Coal India Limited has informed the Exchange about Memorandum of Understanding/Agreements- between Coal India Limited and Non-Ferrous Materials Techno
  • Coal India - General Updates

    18 Mar 2025, 11:09AM Coal India Limited has informed the Exchange about General Updates-Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirem
  • Coal India - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements

    18 Mar 2025, 11:15AM Non binding MOU between CIL and Non-Ferrous Materials Technology Development Centre
  • Coal India - Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements), Regulations 2015.-Levy

    18 Mar 2025, 11:11AM Levy of penalty by BSE and NSE for quarter ended December 2024.
  • CIL joins hands with IIT, Hyderabad for R&D in clean coal tech

    7 Mar 2025, 10:31PM Coal India Limited (CIL) has inked a memorandum of understanding (MoU) with Indian Institute of Technology, Hyderabad (IIT-H), on 7 March, for establi
  • Coal India - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    7 Mar 2025, 5:23PM Press Release
  • Coal India - Press Release

    7 Mar 2025, 5:20PM Coal India Limited has informed the Exchange regarding a press release dated March 07, 2025, titled ""CIL joins hands with IIT, Hyderabad for R&D in c
  • Coal India - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    7 Mar 2025, 4:53PM Analyst/ Investor Meet
  • Coal India - Analysts/Institutional Investor Meet/Con. Call Updates

    7 Mar 2025, 4:51PM Coal India Limited has informed the Exchange about Schedule of meet
  • Coal India - Rumour Verification - Regulation 30(11)

    6 Mar 2025, 5:09PM Coal India Limited has informed the Exchange about Rumour Verification - Regulation 30(11)
  • Coal India - Rumour verification - Regulation 30(11)

    6 Mar 2025, 5:06PM Rumour Verification
  • Coal India - Rumour Verification - Regulation 30(11)

    3 Mar 2025, 5:06PM Coal India Limited has informed the Exchange about Rumour Verification - Regulation 30(11)
  • Coal India - Rumour verification - Regulation 30(11)

    3 Mar 2025, 5:04PM Market rumour Verification
  • Coal India - Press Release

    2 Mar 2025, 2:03PM Coal India Limited has informed the Exchange regarding a press release dated March 02, 2025, titled ""CIL s relief to NPS customers through financial
  • Coal India - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    2 Mar 2025, 2:04PM Press Release
  • Coal India - General Updates

    1 Mar 2025, 5:38PM Coal India Limited has informed the Exchange about General Updates- Provisional Production and Off-take Performance of CIL and Subsidiary Companies fo
  • Coal India - Provisional Production And Off-Take Performance Of CIL And Subsidiary Companies For The Month Of Feb'25 And For

    1 Mar 2025, 5:41PM Updates
  • Coal India - Rumour verification - Regulation 30(11)

    28 Feb 2025, 5:00PM Rumour Verification- Regulation 30(11)
  • Coal India - Rumour Verification - Regulation 30(11)

    28 Feb 2025, 4:58PM Coal India Limited has informed the Exchange about Rumour Verification - Regulation 30(11)
  • Coal India - General Updates

    27 Feb 2025, 4:16PM Coal India Limited has informed the Exchange about General Updates- Levy of Singrauli Punarasthapan Charge across all mines of Northern Coalfields L
  • Coal India - Levy Of 'Singrauli Punarasthapan Charge' Across All Mines Of Northern Coalfields Limited, A Wholly Owned Subsidi

    27 Feb 2025, 4:17PM Updates
  • Coal India - Memorandum of Understanding/Agreements

    23 Feb 2025, 1:59PM Coal India Limited has informed the Exchange about Memorandum of Understanding/Agreements- Signing of Shareholders Agreement (SHA) Term Sheet between
  • Coal India - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements

    23 Feb 2025, 2:01PM Signing of Shareholder's Agreement (SHA) Term Sheet between CIL and M/s. EDF India Private Limited
  • Coal India - General Updates

    1 Feb 2025, 5:21PM Coal India Limited has informed the Exchange about General Updates- Provisional Production and Off-take Performance of CIL and Subsidiary Companies fo
  • Coal India - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    1 Feb 2025, 10:17AM COAL INDIA LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
  • Coal India - General Updates

    1 Feb 2025, 10:02AM Coal India Limited has informed the Exchange about General Updates
  • Coal India - Provisional Production And Off-Take Performance Of CIL And Subsidiary Companies For The Month Of Jan'25 And For

    1 Feb 2025, 5:23PM Update
  • Coal India - Disclosure Under Regulation 30 Of SEBI (Listing Obligations And \r\nDisclosure Requirements), Regulations 2015-

    1 Feb 2025, 10:08AM Change in Senior Management
  • Coal India

    22 Apr 2025 , 8:56AM The company signed a non-binding agreement with Damodar Valley Corp to set up ultra supercritical units for Jharkhand Thermal Power Station. The capacity would be of 2x800 MW for a total investment of Rs. 16,500 crore. The share of Coal India will be 50% in the investment. Positive
  • Coal India

    21 Apr 2025 , 9:59AM Coal India: Subsidiary SECL signed a Rs 7,040 crore agreement with TMC Mineral Resources. Under this agreement, large-scale coal production will be undertaken using paste filling technology in the Singhali underground coal mine. Paste filling is a modern underground mining method that eliminates the need to acquire surface land. Positive
  • Coal India joins hands with IIT

    10 Mar 2025 , 11:48AM Coal India joins hands with IIT, Hyderabad for R&D in clean coal tech
  • Coal India

    10 Mar 2025 , 11:25AM Signed an MoU with IIT Hyderabad for R&D in clean coal technology and diversification in coal utilisation.
  • Coal India

    3 Mar 2025 , 9:56AM Company’s February production of 74.1 mn tonnes was down 0.8% y-o-y. Sales of 62.1 mn tonnes decreased 4.8% y-o-y. The volume growth performance has been tepid throughout the year. Negative
  • Coal India

    28 Feb 2025 , 9:38AM The company will impose an additional charge of Rs 300 per tonne on top of the notified price across all mines of NCL starting May 1. This charge is expected to generate additional revenue of Rs 3,877.5 crore. Positive
  • Coal India

    24 Feb 2025 , 9:00AM Company has tied up with France's EDF, a multinational electric utility company for pumped storage and other renewable projects in India and neighbouring countries. Positive
  • Coal India

    3 Feb 2025 , 8:56AM Production in January fell 0.8% against the year ago figure at 77.8 million tonnes, while total sales went up 2.2% at 68.6 million tonnes. Negative
  • Stock update: Coal India Q3FY2025 result update

    29 Jan 2025 , 10:52AM Stock update: Coal India Q3FY2025 result update – Soft quarter; Maintain Buy on volume growth expectation
  • Coal India

    20 Jan 2025 , 9:39AM Company has revised its production target for the current fiscal to 806-810 million tonnes, (4-5% growth y-o-y) down from 838 million tonnes.
  • Coal India

    7 Jan 2025 , 10:27AM The company has signed a MoU with IREL to collaborate on the development of mutually agreed assets related to critical minerals.
  • Coal India

    2 Jan 2025 , 10:41AM December Production of 72.4 MT was up 1% YoY; Sales of 68.6 MT was up 2.5% YoY.
  • Stock update: Coal India company update

    18 Dec 2024 , 11:11AM Stock update: Coal India company update – Soft year till now but good volume growth outlook
  • BHEL, Coal India, GAIL

    13 Dec 2024 , 10:18AM The Ministry of Coal has reached a significant milestone in India’s Coal Gasification Initiative with the issuance of Letters of Award (LOAs) to the selected applicants under Categories I and III of the ₹8,500 crore Coal Gasification Incentive Scheme. The joint Coal India and PSU subsidiaries of GAIL, BHEL have been awarded Rs 1,350 crore of financial incentive scheme each highlighted below. The read through is positive for BHEL, GAIL and Coal India
  • Coal India

    3 Dec 2024 , 11:55AM The company executed a memorandum of understanding with BPCL in Mumbai to explore setting up of coal to synthetic natural gas project at Western coal fields through surface coal gasification.
  • Coal India

    24 Sep 2024 , 11:27AM Company has entered into JV agreement with Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RRVUNL) to establish 2X800 MW brown field super critical thermal power projects at existing Kalisindh thermal power station. Along with Thermal power project, the JV will also focus on renewable energy initiatives in Rajasthan. Coal India will hold 74% whereas RRVUNL will hold 26% of the JV. Positive
  • Coal India

    24 Sep 2024 , 9:55AM Company has entered into JV agreement with Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RRVUNL) to establish 2X800 MW brown field super critical thermal power projects at existing Kalisindh thermal power station. Along with Thermal power project, the JV will also focus on renewable energy initiatives in Rajasthan. Coal India will hold 74% whereas RRVUNL will hold 26% of the JV. Positive
  • Stock update: Coal India Q1FY2025 (Consolidated) result update

    2 Aug 2024 , 11:26AM Stock update: Coal India Q1FY2025 (Consolidated) result update – Good quarter; cost efficiency drives earnings beat
  • Coal India

    1 Aug 2024 , 10:12AM Revenue up 1.33% at Rs 36,464 crore versus Rs 35,983 crore. Ebitda up 5.62% at Rs 14,338 crore versus Rs 13,575 crore. Net profit up 4%at Rs 10,959 crore versus Rs 10,528 crore. (Higher than estimates led by margin beat). Positive
  • Coal India

    26 Jul 2024 , 2:18PM According to the Power Ministry, coal based power capacity needs investment of Rs 6.67 lakh cr to meet demand by 2032. Positive for the company.
  • Coal India

    22 Jul 2024 , 10:16AM Company has been granted composite licence for prospecting and mining of a graphite block in Madhya Pradesh. This is the first mineral company has diversified beyond coal. Positive.
  • Coal India

    15 Jul 2024 , 9:35AM Company has taken steps to ease the norms in its e-auction business, like lowering earnest money deposit (EMD) by more than a third and ramping up quantities offered under the auction. E-auction is Coal India's most profitable business. Positive
  • Coal supplies to thermal power plants hit 610.8 MT, highest to date

    28 Mar 2024 , 2:37PM CIL’s 610.8 MT supply to power sector breaches FY 2024 target
  • Coal India

    6 Mar 2024 , 9:42AM The company subsidiary South Eastern Coalfield's Gevra mine is set to become the largest coal mine in Asia. The mine has been granted environmental clearance to expand production capacity to 70 million tons per year from the current 52.5 million metric tonnes. Positive for the stock
  • Coal India

    4 Mar 2024 , 10:33AM The company’s coal production/offtake grew by 8.7%/12% y-o-y to 75mt/65mt in February 2024. In 11MFY24, its coal production/offtake was up by 10.5%/8.6% y-o-y to 685mt/685mt. Positive read through for Coal India.
  • Coal India

    29 Feb 2024 , 10:22AM The company has signed a joint venture agreement (JVA) with BHEL to undertake the coal-to-chemicals business. Initially, they will set up a coal-to-2,000-TPD ammonium nitrate plant using BHEL's in-house-developed PFBG (pressurised fluidised bed gasification) technology. Coal India will hold a 51% stake, and the remaining 49% stake will be owned by BHEL. Positive for both Coal India & BHEL
  • Coal India

    20 Feb 2024 , 11:04AM As per media report, the company will bid for three blocks in critical minerals auctions conducted by the country’s mines ministry in February. India launched the first part of its critical minerals auction which is expected to raise an estimated Rs. 450 billion ($5.42 billion) overall.
  • Coal India

    16 Feb 2024 , 12:44PM Company has signed a memorandum of understanding (MoU) with Haryana Power Purchase Centre (HPPC), which expressed its interest to purchase 800 megawatts (MW) of power from ‘Mahanadi Basin Power Ltd’ (MBPL) a wholly owned subsidiary of Mahanadi Coalfields Limited (MCL). MCL is the highest coal producing arm of Coal India that operates in Odisha.
  • Stock Update: Coal India Ltd Q3FY24 results

    14 Feb 2024 , 11:14AM Stock Update: Coal India Ltd Q3FY24 results – Strong Q3; robust volume growth outlook
  • Coal India

    2 Feb 2024 , 10:23AM The company’s coal production/offtake grew by 9.1%/4.8% y-o-y to 78.4 mt/67.6 mt in January 2024. Coal production/offtake was up by 10.8%/8.3% y-o-y to 610mt/620mt during April 2023-January 2024 period. Overall, Coal India continues with healthy coal production/offtake growth and the 10MFY24 coal production growth of 10.8% is in-line with FY24 coal production growth guidance of 10.9% (or 780mt).
  • Coal India

    29 Jan 2024 , 2:40PM Company emerged as lowest bidder for 300 megawatt solar project in Khavda, Gujarat Positive for the stock
  • Coal India

    19 Jan 2024 , 10:07AM As per media reports, the company's unit has received cabinet approval for equity investment in thermal power plants. Positive for Coal India.
  • Coal India

    3 Jan 2024 , 12:20PM Coal India supplied an all-time high volume of 98 million metric tons (mts) to non-regulated sector (NRS) consumers for 9MFY24, a 31% y-o-y growth over the 75 million metric tons of the same period last fiscal. Company's offtake to power plants in the country rose to 454 MT during 9MFY24, which is 8 metric tons higher than the committed quantity of 446 metric tons for the period.
  • Coal India

    2 Jan 2024 , 10:35AM The company’s coal production/offtake volume grew by 8.2%/6.1% y-o-y to 71.9mt/66.6mt in December 2023, which was largely on expected lines. The coal offtake volume was up by 8.7% y-o-y to 552mt in Q3FY23.
  • Stock Update: Coal India

    29 Dec 2023 , 11:14AM Stock Update: Coal India Ltd– Robust volume outlook; e-auction premium rises
  • Coal India

    28 Nov 2023 , 2:49PM As per media reports, Coal India is mulling coal price hike for non-power sector. The coal sales volume for non-power sector has witnessed robust growth in H1FY24 and any potential price hike would help further improve profitability for Coal India and is positive for the stock.
  • Coal India

    20 Nov 2023 , 2:05PM As per media reports, coal requirement estimates for power generation is now expected at 424 million tonnes (mt) versus earlier estimate of 404mt given high power demand. Also, additional 18mt of coal is required to maintain coal stock of 40mt at power plants. This bodes well Coal India's coal offtake volumes.
  • Coal India

    15 Nov 2023 , 10:09AM As per media reports, the Ministry of Coal has set ambitious targets for coal production in the coming years, aiming to produce 1,404 million tonnes (MT) of coal by 2027 and 1,577 MT by 2030. This plan comes in response to the growing demand for coal, particularly with the addition of 80 GW. Positive for Coal India.
  • Stock update: Coal India

    13 Nov 2023 , 10:44AM Stock update: Coal India Limited Q2FY2024 result update – Robust Q2; Favourable growth dynamics
  • Stock update: Coal India

    13 Nov 2023 , 10:44AM Stock update: Coal India Limited Q2FY2024 result update – Robust Q2; Favourable growth dynamics
  • Coal India

    31 Oct 2023 , 10:28AM As per media reports, India’s coal product picked up momentum in the last 15 days with daily production of 26.4 lakh tonnes. Overall, coal production (till 28th October 2023) was up by 12.8% y-o-y and supply to power sector has increased by 7.9% y-o-y during the same period. Also, coal stocks at thermal power plants have also witnessed accretion trend in the last 10 days. Moreover, the Coal supply in transit for Singareni Collieries Company Ltd (SCCL) is up by 42.3% y-o-y to 53.2 mt. The data points indicate strong coal production and offtake outlook in India and the same seems positive for Coal India’s volume growth in H2FY23.
  • Coal India

    30 Oct 2023 , 1:26PM As per media reports, Coal ministry asks Department of Financial Services for classifying coal under infrastructure sector. Positive read through for Coal India.
  • Coal India

    17 Oct 2023 , 10:19AM The company’s coal supplies to thermal power plant grew by 6% y-o-y to 23.5 million tonnes in the first fortnight of October 2023 given surge in the power demand. The total coal supplies registered growth of 16% y-o-y to 24.6 million tonnes in the first fortnight of October 2023. Strong volume growth is positive for Coal India.
  • Stock update – Coal India

    25 Sep 2023 , 11:12AM Stock update – Coal India: On track to achieve FY2024 coal production guidance
  • Coal India's Rs. 24,000 crore impetus for 61 eco-friendly FMC projects

    12 Sep 2023 , 1:47PM Coal India to invest Rs. 24,750 cr on 61 first mile connectivity (FMC) projects over the next few years
  • Coal India

    17 Aug 2023 , 12:13PM The company capes grew by 8.5% y-o-y to Rs4700 crore in first four months (during April to July 2023) of FY24. The capex is almost 100% of progressive target of Rs4,754 crore and 28.3% of FY24 target of Rs16,600 crore.
  • Coal India

    12 Jul 2023 , 12:20PM As per media reports, South Eastern Coalfields Ltd (SECL, subsidiary of Coal India) has planned investment of Rs1,000 crore for developing rooftop and ground mounted solar power projects of 600 MW capacity. This is part of the Coal India’s strategy to diversify its business and achieve the net zero energy goal.
  • Coal India

    3 Jul 2023 , 11:37AM The company reported strong coal production growth of 12.4% y-o-y to 58 million tonnes while coal offtake growth of 3.6% to 61 million tonnes was subdued. Q1FY24 coal production/offtake volume grew by 9.8%/5.3% y-o-y to 176 million tonnes/187 million tonnes.
  • Coal India

    26 Jun 2023 , 12:23PM As per media reports, the coal ministry has approved a wage revision agreement that was reached with trade unions for non-executive employees of Coal India Limited. The agreement provides for a 19% of minimum guaranteed wage hike from July 1, 2021. Neutral for Coal India as wage revision is already known to the markets and factored into our earnings estimates.
  • Coal India

    23 Jun 2023 , 10:10AM As per media reports, Coal India may devise a mechanism where a hike in coal prices in the future could be linked to inflation or some other parameters to avoid sudden price coal price increase. Any such mechanism would be positive for Coal India as it would provide clarity on coal price increase on regular basis rather than current system of irregular/adhoc coal price hikes by the company.
  • Coal India

    2 Jun 2023 , 9:57AM The company reported healthy coal production/offtake volume growth of 9.5%/4.2% y-o-y to 60 million tonnes/63.7 million tonnes in May 2023. Also, Coal India’s OFS for non-retail investors was subscribed 3.5x and today OFS will open for retail investors. Decent OFS discount of 6.7%, healthy earnings growth outlook driven by higher coal offtake volume and high dividend yield of ~10% provide good entry opportunity for investors given 4.4% fall in stock price post announcement of OFS. We have Buy rating on Coal India.
  • Coal India

    1 Jun 2023 , 10:09AM The government will sell up to 3% stake (18.48 crore shares) in Coal India (government holds 66% stake in Coal India) through offer for sale on June 1 and 2, 2023. The floor price of the offer is at Rs225/share, which is at 7% discount to last closing price of Rs241. Sentimentally negative for Coal India.
  • Coal India

    31 May 2023 , 9:50AM The company’s board of directors has approved revision in non-coking coal prices (with effect from May 31, 2023) and have increased price by 8% over the existing notified prices for high grade coal of grade G2 to G10. This will be applicable to all subsidiaries of Coal India Limited including NEC for regulated and non-regulated sectors. The price revision would mean incremental revenue of ~Rs2,703 crore for FY24. The price hike is in response to wage hike implemented by Coal India in January 2023 and largely factored into earnings estimate. Positive for Coal India as it raises hope of further price hikes by Coal India
  • Coal India

    5 May 2023 , 12:08PM As per media reports, Coal India plans to invest Rs91,000 crore in various projects, including coal gasification (investment likely at Rs36000 crore), mining developers-cum-operators (MDOs – investment likely at Rs46000 crore), diversification and mine development by FY26.
  • Coal India

    2 May 2023 , 9:05AM The company reported good coal production/offtake growth of 8%/9% y-o-y to 57.6mt/57.4mt for April 2023 reflecting strong demand for coal from thermal power plants. Positive read through for Coal India.
  • Coal India

    31 Mar 2023 , 2:40PM The company produced 700.4 million tonnes (MTs) of coal till the penultimate day of FY23, with 100.4% target satisfaction. The growth was a robust 13% over 619.8 MTs of same date in FY’22. With a day left, CIL is likely to end FY23 with 703.4 MTs output going by the current rate of production. It produced 622.6 MTs in the previous fiscal year. The 81 MT quantum upsurge of the year is almost equivalent to the combined growth of the previous seven financial years, beginning FY16. Positive for the stock
  • Coal India achieves its FY23 production target of 700 MT

    31 Mar 2023 , 12:58PM Coal India produces 700.4 million tonnes (MTs) of coal till the penultimate day of FY23
  • Coal India

    31 Jan 2023 , 11:29AM Australian thermal coal price has declined to $130/tonne (lowest since Jan 2022) and high-quality coal (6000 kcal/kg) witnessed a fall of 31% from record level to $443/tonne to $307/tonne. The decline could be attributable to ending of winter. A decline in international thermal coal could result in moderation in e-auction premium for Coal India.
  • Coal India

    2 Jan 2023 , 10:29AM The company’s coal production grew by 10.3% y-o-y to 66.4 million tonnes and its coal offtake increased by 3.6% y-o-y to 62.7 million in December 2022. For 9MFY23, coal production/offtake was up by 15.8%/5.4% y-o-y to 479mt/508mt. Strong coal production numbers is positive for Coal India.
  • Coal India

    28 Dec 2022 , 10:27AM Coal India: Stating that the demand for power will increase in the coming days. Chairman Pramod Agrawal said that he is confident that the company will achieve the production target of 700 million tonnes for FY23. Positive read thru
  • Coal India

    1 Dec 2022 , 1:57PM Coal India Volume Nos: Company's progressive production increased by 16.8% y-o-y to 412.6 Million tonnes in April-Nov 2022. CIL has achieved 99.7% of the progressive production target and brought down the annual asking growth rate by almost half to 6.7%. The company began FY’23 with an asking rate of 12.4% in a bid to edge past FY23's output target of 700 MTs. Management is confident of surpassing the target as strong augmentation in production so far and overburden removal displaying robust growth will help in faster extraction of coal in the coming months. Company's production increased by 12.8% y-o-y and 14.7% q-o-q to 60.7 Million tonnes in Nov 2022 and achieved 100% target satisfaction. Company's coal off-take increased by 5.7% y-o-y to 445.1 Million tonnes in April-Nov 2022. Coal stock at CIL’s pitheads at the end November stood at 28.5 MTs.
  • Coal India inks MoU with RVUNL for 1190 MW solar project'

    14 Oct 2022 , 2:33PM Coal India in MoU with RVUNL for 1,190 MW solar project at an estimated cost of Rs 8,000 cr
  • Coal India

    14 Oct 2022 , 12:17PM Coal India Limited on Thursday signed a Memorandum of Understanding (MoU) with Rajasthan Vidyut Utpadan Nigam Limited (RRVUNL) for developing a solar power plant of 1190 MW in the state, the Ministry of Coal said in a statement. This would boost CIL’s pursuit of solar power generation as part of its diversification programme for clean coal energy and we have a Buy Rating on the stock.
  • Coal India

    3 Oct 2022 , 10:39AM The company’s reported decent coal production growth of 12% y-o-y to 46mt but coal offtake growth was at 1.1% y-o-y to 49mt in September 2022. Coal production/offtake increased by 19.7%/7.8% y-o-y to 299mt/322mt in H1FY23. H1FY23 coal offtake is 101.7% of target and was led by 17% y-o-y rise in supplies to power plants to 286mt. Coal India stock is available at attractive valuation of 4.3x FY24E EPS and offers high dividend yield of 13-14%.
  • Coal India

    26 Sep 2022 , 10:37AM As per media reports, Coal India will ink Memorandum of Undertaking (MoU) with Bharat Heavy Electricals, Indian Oil Corporation and GAIL (India) for setting up coal-to-chemical projects through surface coal gasification (SCG – coal is converted into syngas that can be processed to produce value added chemicals) route. The products proposed to be produced include di-methyl ether, synthetic natural gas and ammonium nitrate. Coal gasification is positive for Coal India as it would help diversify earnings stream. We have Buy rating on Coal India.
  • Coal India

    19 Sep 2022 , 10:53AM The international thermal coal price has increased to $450/tonne (a sharp rise from $125/tonne in last year) led by increased demand and supply concerns due to geopolitical tension. Sustained elevated thermal coal price is positive for Coal India as it would continue to support e-auction coal realisation. We have a Buy rating on Coal India.
  • Coal India

    13 Sep 2022 , 10:56AM As per media reports, ministry of coal has invited bids for e-auction of 10 commercial mines and e-auction will start on 13 September 2022. E-auction for eight coal mines will be conducted on 13th September and for two coal mines on 14th September 2022. Total peak rate capacity (PRC) of the mines being put up for e-auction is 39.31 million ton per annum.
  • Stock update – Coal India

    9 Sep 2022 , 11:10AM Stock update – Coal India: In a sweet spot
  • Coal India

    1 Jul 2022 , 10:43AM As per medis reports, Coal India is looking to take all of its eight subsidiaries public given benefit of high coal price. We highlights here that the coal ministry has already approved stake sale of 25% in Coal India' subsidiary of state-run Coal India’s Bharat Coking Coal Ltd. A potential stake sale and subsequent listing of Coal India's subsidiaries could unlock value and add to cash position, which bodes well for sustained high dividend payout. We have Buy rating on Coal India.
  • Coal India

    22 Jun 2022 , 10:32AM As per media reports, a total of 11 companies (including Adani Enterprises) have expressed interest in bidding for coal import tenders floated by Coal India to ensure adequate coal supply to power plants in India. We highlight here that Coal India has recently floated two international competitive bidding e-tenders of 3 million tons each to source coal from international markets. These two tenders have an option to increase the bid quantity to 12 million tonnes. This could aid additional volume and some trading margin for Coal India and positive for the stock.
  • Coal India

    9 Jun 2022 , 9:42AM As per media reports, India’s coal production/dispatches increased by 34%/16% to 71mt/78mt in May 2022 led by higher demand from thermal power plants (coal based power generation up 26% y-o-y in May 2022). Higher coal demand coupled with likely higher e-auction realisation (supported by elevated international coal prices) are tailwinds for robust earnings growth for Coal India in FY23. We have Buy rating on the stock given attractive valuation and high dividend yield.
  • Coal India

    6 Jun 2022 , 9:34AM Coal India: The coal ministry expects to operationalise 58 coal blocks in FY2023 and has set target of 138.28 million tonne coal production from these blocks. This bodes well for volume growth of coal mining companies like Coal India and support coal supply for thermal power plants (benefiting players like NTPC.
  • Coal India

    3 Jun 2022 , 9:53AM Coal India: As per media reports, coal ministry has floated a draft cabinet note for seeking inter-ministerial views on the proposal to list 25% shares of Bharat Coking Coal Limited (BCCL - subsidiary of Coal India). Also, Coal India is expected to issue a short-term (July and December) and a medium-term tender (July 2022 to June 2023) soon to import coal and this is indicative of robust coal demand in India amid supply shortages. We believe that strong coal demand bodes well for earnings growth while potential listing of BCCL could unlock value. Positive read through for Coal India.
  • Coal India

    2 Jun 2022 , 10:14AM The company reported strong coal production and offtake growth of 30%/11% yoy to 55 million tonnes and 61 million tonnes respectively on May 2022. The strong volume offtake reflects higher demand from power sector. Positive read through for Coal India.
  • Coal India

    25 May 2022 , 9:32AM The company’s coal production/dispatches increased by 36%/16% y-o-y to 34/37 million tonnes in the first half of May 2022 reflecting strong demand from power sector. Strong volume offtake and potential higher e-auction realisation is positive for Coal India as it would drive earnings growth.
  • Coal India

    4 May 2022 , 9:43AM The company’s coal supply to the power sector increased by 15.6% y-o-y to 49.7 million tonne in April 2022 led by high coal demand from electricity generating plants. The rising coal demand by power plants amid heat wave in India is positive for Coal India as the same would further increase coal dispatches and bodes well for earnings of Coal India.
  • Coal India

    2 May 2022 , 12:53PM The company’s reported robust coal production growth of 27.7% y-o-y to 53.5 million tonnes and decent increase in coal offtake volume by 6.1% to 57.5 million in April 2022.
  • Coal India

    27 Apr 2022 , 3:18PM As per media reports, India peak power demand has crossed 201 GW mark and is expected to further increase to 215-220 GW in May-June 2022 due to heat wave in the large part of India. High power demand bodes well for increase in coal dispatches for Coal India.
  • Coal India output rises in first half of April

    20 Apr 2022 , 10:24AM Production up 27% y-o-y to 26.4 MT
  • Coal India's supplies to Power Sector scale up 14% amid rising demand

    19 Apr 2022 , 1:03PM Coal India accelerate its production to 26.4 MTs during the first half of April’22 registering 27% YoY
  • Coal India

    11 Apr 2022 , 11:39AM As per media reports, government has given one-time window to PSUs to surrender non-operational coal mines (~45 coal mines). A likely auctioning of these coal mines could benefit Coal India and steel players (JSW Steel, Tata Steel and JSPL).
  • Stock update – Coal India

    9 Mar 2022 , 10:21AM Stock update – Coal India: Higher e-auction prices to improve profitability
  • Coal India

    2 Mar 2022 , 11:19AM The company’s coal production and offtake increased by 4% y-o-y and 12% y-o-y to 64.3 million tonnes and 57.4 million tonnes respectively in February 2022. During April-February 2022, the coal offtake grew by 16.6% y-o-y to 600 million tonnes reflecting strong demand for domestic coal. Strong coal offtake growth and potential increase in e-auction premium bodes well for earnings and is positive for Coal India. We have Buy rating on Coal India as valuation are close to trough levels and stock offers higher dividend yield.
  • Coal India

    28 Feb 2022 , 9:43AM The government has approved offering of coal through a common e-auction window instead of sector specific auctions. The move will remove market distortions and provide single coal rate for all the consumers in the e-auction market. Positive for Coal India.
  • Stock update – Coal India Q3FY22 result review

    18 Feb 2022 , 10:45AM Stock update – Coal India Q3FY22 result review: Robust Q3; strong growth outlook and high dividend yield
  • Coal India Q3FY2022 results – Strong results

    15 Feb 2022 , 10:59AM Coal India Q3FY2022 results – Strong results; PAT above estimate led by higher e-auction realisation and efficient cost management
  • Coal India

    2 Feb 2022 , 10:34AM The company’s coal production and offtake increased by 7% y-o-y and 13% y-o-y to 64.5 million tonnes and 60.8 million tonnes respectively in January 2022. During April’21-January’22, the coal offtake grew strongly by 17% y-o-y to 543 million tonnes. Strong coal offtake growth and potential increase in e-auction realisation bodes well for earnings and is positive for Coal India. We have Buy rating on Coal India as valuation are close to trough levels and stock offers high dividend yield.
  • Coal output up by 3.3% to 60.2 MT in December 2021

    3 Jan 2022 , 3:12PM The company's coal output increased 5.3% to 413.6 MT during the April-December period
  • Coal India

    3 Jan 2022 , 10:47AM The company's coal production increased by 3.3% y-o-y to 60.2 mt while offtake was up by 15.6% y-o-y to 60.7 mt for December 2021. Coal Offtake from Apr-Dec21 was up 17.6% y-o-y 481.8 mt. Higher volume would drive earnings growth and is positive for Coal India. The stock is available at an attractive valuation of 4.8x FY23E EPS and offers a high dividend yield of 13%.
  • Coal India

    22 Dec 2021 , 11:47AM India is taking into consideration a proposal to stop new coal-based power units as the country plans to meet commitments made at COP26 to achieve net-zero emissions by 2070. This is sentimentally negative for Coal India.
  • Coal India

    22 Dec 2021 , 11:47AM India is taking into consideration a proposal to stop new coal-based power units as the country plans to meet commitments made at COP26 to achieve net-zero emissions by 2070. This is sentimentally negative for Coal India.
  • Coal India

    10 Dec 2021 , 10:01AM As per media reports, dispatch of coal to power sector by Coal India witnessed a sharp increase of 22.5% y-o-y to 340 million tonnes during April-November 2021 and is higher by 16% when compared to coal dispatch of 293 million tonnes during April-November 2019. Also, the company does expect coal shortage for power producers till March 2022 as it is focusing on ramping up coal production to secure a stock of ~70 million tonne by end of FY22. Increase in coal supplies is positive for Coal India as it gives comfort on volume growth. We have Buy rating on Coal India given attractive valuation of 5x FY23E EPS and high dividend yield of 13%.
  • Coal India

    2 Dec 2021 , 9:28AM The company’s coal production and offtake increased by 4.1% y-o-y and 10.8% y-o-y to 53.8 million tonnes and 56.8 million tonnes respectively in November 2021. During April-November 2021, the coal offtake grew by 18% y-o-y to 421 million tonnes. Strong coal offtake growth and potential increase in e-auction premium bodes well for earnings and is positive for Coal India. We have Buy rating on Coal India as valuation are close to trough levels and stock offers higher dividend yield.
  • Coal India

    1 Dec 2021 , 11:29AM As per media reports, Coal India plan to invest Rs19,650 crore by FY24 to increase coal transportation capacity by 330 million tonnes by constructing rail links. Long term positive Coal India as it will help higher coal offtake.
  • Coal India gains as board nod interim dividend

    30 Nov 2021 , 10:46AM Coal India rises by 3% to Rs. 158.9, after the company's board approved an interim dividend of Rs 9 per share
  • Coal India

    30 Nov 2021 , 9:09AM The company’s board of directors has approved interim dividend of Rs9/share, which is better than last year’s first interim dividend of Rs7.5/share. The dividend of Rs9/share implies healthy yield of 5.8%. We have Buy rating on Coal India.
  • Coal India

    25 Nov 2021 , 10:02AM The company management has stated that rising cost (employee and fuel cost) makes it inevitable to fuel price for FSA coal in order to protect margin/profitability and achieve capex guidance (Rs17000 crore for FY22). Potential coal price would be positive for Coal India, and we have Buy rating on the stock given attractive valuation and high dividend yield
  • Stock update: Coal India Q2FY22 results review

    16 Nov 2021 , 9:54AM Stock update: Coal India Q2FY22 results review - Muted Q2 on slight rise in e-auction prices; valuation attractive
  • Coal India Q2FY2022 results

    15 Nov 2021 , 11:24AM Coal India Q2FY2022 results – Marginal miss in operating profit, PAT at Rs2,937 crore above estimate on lower tax rate
  • Coal India

    18 Oct 2021 , 10:47AM The company has temporarily stopped supplies to industrial users as the energy crisis in India escalates. The move to prioritize supplies to power plants is aimed at helping boost depleted inventories that are putting continued operations at risk. This would impact the e-auction volumes at the time when e-auction realisation is on improving trend. Negative for Coal India.
  • Coal India

    14 Oct 2021 , 4:41PM As per media reports, Coal India has asked its subsidiaries to refrain from conducting e-Auction of coal for non-power sectors and ramp-up supplies to power plants. Auction of coal to non-power sector will be taken as per availability of coal. This is negative for Coal India as this could impact e-auction volume especially when e-auction coal realisation is expected to improve significantly supported high price of imported coal.
  • Coal India

    12 Oct 2021 , 9:34AM As per media reports, Coal India’s coal dispatched to power sector has increased by 10% y-o-y to 1.7 million tonnes per day in the month of October 2021 so far. Also, international coal price has hits level of $240/tonne and the same bodes well increase in e-auction price in the coming quarters and is positive for Coal India. We have Buy rating on Coal India.
  • Coal India

    7 Oct 2021 , 2:27PM As per media reports, the Ministry of Coal and Power is planning to draft monthly coal supply programme for thermal power plants to keep a normative 40MT stock cumulatively by end of March from current level of 7.3MT. Centre is planning to redesign the coal stock norm to avoid demand-supply mismatch. Positive for Coal India as it would help in increasing offtake of the company.
  • Coal India

    6 Oct 2021 , 9:43AM The company’s board of directors has ngiven in-principle approval to pre-feasibility report for setting up integrated aluminium project at Odisha by its wholly owned subsidiary Mahanadi Coalfields Limited. Moreover, media reports are indicating that the bid premium in CIL’s September coal auctions jumped 150% given domestic coal shortage and elevated imported coal prices. The allocated coal volume of 4.21 million tonnes was sold at an average price realisation of Rs3,856/tonne against the assessed notified price of Rs1,545/tonne. We believe that the setting up of integrated aluminium project would help CIL to diversify its business stream and higher e-auction price is positive and bodes well for earning outlook. We have Buy rating on Coal India.
  • Coal India

    4 Oct 2021 , 11:04AM The company’s coal production/offtake volume remained muted at 40.7 million tonnes/48.3 million tonnes, up 0.4%/3.6% y-o-y. However, Q2FY22 volume offtake growth of 10% y-o-y to 147.3 million tonnes remains strong and expectation of better e-auction premium would result in strong earnings growth for Coal India. We have Buy rating on Coal India.
  • Coal India

    30 Sep 2021 , 10:33AM As per media reports, Coal India plans to increase coal supply to power plants by 14% to 1.6 MT per day by the end of October as compared to supply of 1.4 MT per day currently. Also, international coal future price has touched new high of $210/tonne due to tight supply situation and the same bodes well for increase in e-auction prices (e-auction volume accounts for 19% of overall coal dispatches). Higher volume and realisation are positive for Coal India as it would aid strong earnings recovery. We have Buy rating on Coal India.
  • Coal India

    24 Sep 2021 , 11:34AM As per media reports, power sector continuous to face coal shortage with coal stocks levels of 9.3 million tonnes (lowest since October 2018) and ~121 GW of power generation capacity has coal stock below 7 days. This bodes well for volume growth for Coal India at the time when coal realistaions are expected to improve (potential FSA coal prices by 10-11% and higher e-auction premium). Volume growth and better realisation would result in earnings recovery and is positive Coal India. We have Buy rating on the stock given attractive valuation and high dividend yield.
  • Coal India

    21 Sep 2021 , 10:37AM As per media reports, Coal India’s subsidiary Bharat Coking Coal Limited (BCCL) signed first of its kind revenue-sharing contract of ~Rs1,880 crore with Prabha Energy for commercial extraction of a coal bed methane (CBM). BCCL’s Jharia CBM Block-I holds CBM resource of ~25 billion cubic metres with average production capacity estimated at 1.3 million metric standard cubic metres per day post the start of commercial production. Ramp-up of CBM gas production would help Coal India diversify its revenue stream under clean coal initiative and would be Positive for the stock. We have Buy rating on Coal India.
  • Coal India

    15 Sep 2021 , 3:26PM As per media reports, Coal India’s board of directors may look any share buyback option to reward its shareholders and have requested the government to tweak taxation related ruled for the same. Potential share buyback along with improving business fundamental (volume and coal price recovery) could lift invest sentiments for Coal India. We have Buy rating on the stock.
  • Stock Update: Coal India

    14 Sep 2021 , 9:39AM Stock Update: Coal India Limited – Business fundamentals brighten; valuation attractive
  • Coal India

    13 Sep 2021 , 10:55AM As per media reports, Coal India is likely to increase its FSA coal prices by 10-11% to mitigate the increased cost and awaiting wage revision. Its current average regulated price realisation is Rs1,394 per tonne. Higher coal demand and improving coal price bodes well for strong earnings recovery for Coal India in FY2022. We have Buy rating on Coal India.
  • Coal India

    2 Sep 2021 , 9:37AM The company’s coal production and offtake increased by 14.6% y-o-y and 9.5% y-o-y to 42.6 million tonnes and 48.6 million tonnes respectively in August 2021. During April-August 2021, the coal offtake grew by 24.4% y-o-y to 259.3 million tonnes. Higher coal offtake was supported by coal shortage given higher demand from power sector. Strong coal offtake growth and potential increase in e-auction premium bodes well for earnings and is positive for Coal India. We have Buy rating on Coal India as valuation are close to trough levels and stock offers higher dividend yield.
  • Coal India

    1 Sep 2021 , 10:46AM As per media reports, Coal India has ramped up coal supply to thermal power plant in last few days and clocking coal supply of 1.7 million tonnes per day, which is 4.3% higher than July average coal supply of 1.63 million tonnes per day. Positive read through for Coal India.
  • Coal India

    13 Aug 2021 , 9:55AM The company is planning to increase coal price under long-term contracts to power companies given rise in cost (high diesel price and likely employee wage revision). E-auction premium could also increase in coming quarters due to huge demand for coal and the surge in international prices. Potential higher coal realisation would aid to the earnings in coming quarters. The stock is available at attractive valuation of 4.7x FY23E EPS and offers high dividend yield of ~12%. We have Buy rating on the stock.
  • Coal India: Stock update

    12 Aug 2021 , 11:01AM Coal India: Stock update - In-line Q1; attractive valuation
  • Coal India

    29 Jul 2021 , 9:36AM The company’s management has clarified that the demand of Jharkhand government of ~Rs26,132 crore for rent & lease on land for mining is not maintainable as the calculation includes rent, cess and salami for a lease period and calculated on commercial rate of land whereas the land acquired under Section 9 (l) of CBA (A&D) Act, 1957 vests to the Centre free from all encumbrances under Section l0 of CBA (A&D) Act, 1957. Coal Tribunal has issues interim stay on demand notices in 2018 and the revised calculation of the same is awaited from Jharkhand government.
  • Coal India

    28 Jul 2021 , 9:38AM The company plans to produce sand from overburden at its mines and sell the same for construction activities at competitive prices. Overburden is the strata lying above the coal seam in opencast mines and is a cost to Coal India. The move is positive for Coal India as it would help develop a new revenue stream and we have Buy rating on Coal India.
  • Coal India

    18 Jun 2021 , 9:27AM As per media reports, Coal India is planning to start producing coal bed methane (CBM) gas from its lease hold area under Bharat Coking Coal (BCCL) in Jharkhand. The Jharkhand CBM block-1 has a resource base of over 26 billion cubic metres (bcm) and likely to have annual CBM production of 1.3mmscmd post the start of commercial operation from 2026. The company also stated it would soon decide to increase coal price for the regulated sector. Diverification to clean energy and potential coal price hike would be positive for Coal India.
  • Coal India - Stock Update

    16 Jun 2021 , 10:45AM Coal India Limited – (Stock update – Q4FY21 results): Strong Q4 on higher FSA realisation; Valuation attractive
  • Coal India - Stock Update

    16 Jun 2021 , 10:44AM Coal India Limited – (Stock update – Q4FY21 results): Strong Q4 on higher FSA realisation; Valuation attractive
  • Coal India

    8 Jun 2021 , 9:14AM Coal India’s (CIL) e-auction sales have started going up (+52.5% YoY in the first two months of FY22 to 21.5MT) after it had dived down for most of the time last fiscal. CIL earned 16% premium over the notified price during April-May’21, compared to 7% in the same period last year. The upward trend in the allocation was primarily driven up by the non-power sector which accounted for 50% of the total booked quantity of 21.5 MTs. This is positive for CIL as higher demand for coal would drive revenue and profit growth in Q1FY22.
  • Coal India

    4 Jun 2021 , 3:16PM Coal India: As per media reports, Coal India is expected to increase reserve price E-auctions of coal as international coal has seen improvement and domestic demand is also strong. The likely increase in e-auction prices would improve blended realisation 5and improve earnings outlook for Coal India. We Buy rating on the stock as it is available at attractive valuation and offers high dividend yield.
  • Coal India offtake spurts 37% YoY in May

    1 Jun 2021 , 1:32PM Coal India production rises 1.7% to 41.2 mt and offtake up 37.6% to 55.1 mt YoY
  • Coal India

    11 May 2021 , 11:17AM Low coal inventory with power plants and rising thermal power generation bodes well for higher coal demand and is expected to benefit Coal India’s volume offtake. Also, Coal India may continue to supply coal to power plants under import substitution mechanism in FY2022 (as seen in FY2021 when Coal India supplied 90 million tonnes of domestic coal for import substitution). Higher coal demand from thermal power plants and improving e-auction premium are key positive for Coal India. Moreover, valuation of Coal India is attractive (FY23 PE of just 5.1) and stock offers high dividend yield of ~10%. We have Buy rating on Coal India.
  • Coal India

    3 May 2021 , 10:14AM The company’s coal production increased by 3.7% y-o-y to 41.9 million tonnes while its coal offtake grew strongly by 38.4% y-o-y (down 9.4% m-o-m) to 54.1 million tonnes for April 2021. The strong y-o-y growth was on the back of low base of April 2020. We believe that recovery in coal demand and better e-auction premium would drive earnings growth for Coal India in FY2022. The stock offers high dividend yield of 10-12% and is available at attractive valuation of 4.6x FY2023E EPS. We maintain Buy on Coal India.
  • Coal India

    19 Apr 2021 , 12:08PM The company has announced the incorporation of two wholly owned subsidiaries -.CIL Solar PV Ltd and CIL Navikarniya Urja Ltd. CIL Solar PV has been incorporated for manufacturing in the solar value chain (Ingot-wafer-Cell Module) and CIL Navikarniya Urja Limited for renewable energy.
  • Coal India

    12 Mar 2021 , 10:26AM As per media reports, Coal India is likely to receive Rs660 crore in FY2021 as a net quality bonus for supplying better coal than the declared grade. The company has already received Rs 571 crore on this account till January 2021.
  • Coal India

    9 Mar 2021 , 9:45AM The company has approved an investment of ~Rs 47,300 crore on mining projects, which includes eight new projects and expansion plans for 24 existing mines. The 32 sites will have a combined peak output of 193 million tonnes per year. The company is also investing in railway tracks and other coal transport infrastructure along the mines to ensure smoother coal shipments, which would improve coal offtake. We highlight here that above investment is an effort towards Coal India’s aim to increase coal production to 1 billion tons by 2024 and is long term positive for the company.
  • Coal India

    5 Mar 2021 , 1:55PM The company’s board of directors has declared second interim dividend of Rs5/share (in-line with consensus expectations) and the record date for the same is has been fixed at March 16, 2021. With this, Coal India has announced total dividend of Rs12.5/share (slightly higher than FY2020 dividend of Rs12/share) and implies dividend yield of 8.3%. We have Buy rating on Coal India.
  • Coal India's board approves interim dividend of Rs. 5/sh

    5 Mar 2021 , 12:37PM Board approves 2nd Interim Dividend for the financial year 2020-21 @ 5/- per share
  • Coal India

    5 Mar 2021 , 9:31AM The company’s board of directors will meet today to consider and approve second interim dividend for FY2021. We highlight here that Coal India has declared first interim dividend of Rs7.5/share in November and the management has guided to maintain FY2020 dividend of Rs12/share for FY2021. Thus, consensus expectation is of Rs4-4.5/share of second interim dividend. This would mean high dividend yield of 8% for investors. Positive read through for Coal India.
  • Coal India

    2 Mar 2021 , 10:40AM The company’s coal production/offtake declined by 6.6%/6.2% y-o-y to 61.9 million tonnes and 51.2 million tonnes. These are the weak volumes numbers especially as the management indicated likely pick up in the coal demand as coal stock with power plants has declined sharply. Despite, we weak production we believe that investor focus will remain in dividend payout (board are scheduled to meet on March 5, 2021 to consider second interim dividend).
  • Coal India

    2 Mar 2021 , 10:38AM Coal India: The company’s coal production/offtake declined by 6.6%/6.2% y-o-y to 61.9 million tonnes and 51.2 million tonnes. These are the weak volumes numbers especially as the management indicated likely pick up in the coal demand as coal stock with power plants has declined sharply. Despite, we weak production we believe that investor focus will remain in dividend payout (board are scheduled to meet on March 5, 2021 to consider second interim dividend).
  • Coal India

    25 Feb 2021 , 1:38PM As per media reports, Coal India is planning to invest Rs1.43 lakh crore in new business segments by 2024 and would form JV with private companies on this front by Q2FY2022. The company’s greenfield aluminum project has also got approval from NITI Aayog and DIPAM and the company plans to have 26% stake in 10GW solar wafer/ingot manufacturing venture. We highlight here that diversification plan into aluminum and solar projects is known to the streets and prudent capital allocation would be key to generate adequate value/returns from new business ventures. We have Buy rating on Coal India given attractive valuation (trades at 5.2x FY2023E EPS) and high dividend yield of ~10%. The company management has guided to maintain FY2021 dividend at FY2020 level of Rs12/share.
  • Coal India board to mull 2nd interim dividend

    24 Feb 2021 , 4:16PM Board to consider Second Interim Dividend
  • Coal India

    24 Feb 2021 , 9:13AM The company’s board of directors are scheduled to meet on March 5, 2021 to consider and approve second interim dividend for FY2021. The company has fixed March 16, 2021 as the record date for dividend. We highlight here that Coal India has declared first interim dividend of Rs7.5/share in November and guided to maintain FY2020 dividend of Rs12/share for FY2021, which implies dividend yield of 9%. Positive read through for Coal India.
  • Coal India – Stock update

    15 Feb 2021 , 2:15PM Coal India – Stock update (Q3FY21 results): Improving earnings outlook; Valuation attractive
  • Coal India

    2 Feb 2021 , 10:04AM The company’s coal production declined by 4.1% y-o-y to 60.5 million tonnes while its Coal offtake was down by 4.7% y-o-y to 53.3 million tonnes in the January 2021. Although the coal offtake declined in January 2021, but overall coal demand recovery has been encouraging post weakness seen in H1FY2021 and e-auction premium is also improving. Coal India’s valuation of 4.7x FY2023E EPS is a close to trough valuation and the stock also offers high dividend yield of ~10-12%. We have Buy rating on Coal India.
  • Coal India

    19 Jan 2021 , 12:34PM Indonesia coal price has increased by $19/mt in recent months and the same bodes well for e-auction price (which could witness increase in premiums) of Coal India. Higher e-auction premium would improve blended realisation and aid to earnings of Coal India. Positive read through for Coal India.
  • Coal India

    4 Jan 2021 , 11:02AM The company coal production largely remained flat y-o-y (up only 0.5% y-o-y) to 58.3mt while coal offtake declines by 2.1% y-o-y to 52.6mt in December 2020. The coal offtake has been weak in December 2020 but overall Q3F2021 was been strong with production/sales volume up by 6.3%/9% y-o-y. We have Buy rating on Coal India.
  • Govt nods Coal India’s Rs. 1-trn diversification plan

    30 Dec 2020 , 11:45AM Company would set up two aluminium plants in eastern India and an entire solar module manufacturing value chain
  • Coal India board nods new ventures

    28 Dec 2020 , 2:15PM The board has also approved creation of special purpose vehicles (SPVs), subject to approval from the Niti Aayog, DIPAM for the above ventures
  • Coal India

    11 Dec 2020 , 12:07PM As per media reports, Coal India witnessed 77% y-o-y growth in e-auction sales during April-November 2020 with volume of 68.3 million tonnes. E-auction volume for non-power consumers was at 17.4 million tonnes (25.5% of total allocated quantity) as compared to 4.8 million tonnes during April-November 2019. E-auction sales for November 2020 witnessed 23.7% y-o-y growth with volumes at 9.4 million and e-auction premium of 30% over the notified prices (versus 13% premium in October). The improvement in overall coal offtake (growth of 8%, 25%, 31.7% and 9.3% y-o-y growth in November, October, September and August respectively) and better e-auction premium bodes well for Coal India’s earnings growth in H2FY2021. We have Buy rating on Coal India.
  • Coal India

    2 Dec 2020 , 9:37AM The company reported 3.3% y-o-y increase in its coal production to 51.7 million tonnes and coal offtake grew by 8% y-o-y to 51.3 million tonnes in November 2020. This is the fourth second consecutive month of y-o-y increase in coal volume offtake (25%, 31.7% and 9.3% y-o-y growth in October, September and August respectively) for Coal India. With recent sharp improvement in coal offtake, the decline in coal sales volume has narrowed down significantly to 1.8% y-o-y during April-November 2020 (versus decline of 7.6% y-o-y in H1FY2021). Improved coal demand from power sector has also improved the earnings visibility for the company. Coal India’s valuation of 4.6x FY2023E EPS is a close to trough valuation and the stock also offers high dividend yield of ~10%. We have Buy rating on Coal India.
  • Coal India

    2 Dec 2020 , 9:35AM The company reported 3.3% y-o-y increase in its coal production to 51.7 million tonnes and coal offtake grew by 8% y-o-y to 51.3 million tonnes in November 2020. This is the fourth second consecutive month of y-o-y increase in coal volume offtake (25%, 31.7% and 9.3% y-o-y growth in October, September and August respectively) for Coal India. With recent sharp improvement in coal offtake, the decline in coal sales volume has narrowed down significantly to 1.8% y-o-y during April-November 2020 (versus decline of 7.6% y-o-y in H1FY2021). Improved coal demand from power sector has also improved the earnings visibility for the company. Coal India’s valuation of 4.6x FY2023E EPS is a close to trough valuation and the stock also offers high dividend yield of ~10%. We have Buy rating on Coal India
  • Coal India – Stock update

    17 Nov 2020 , 10:55AM Coal India – Stock update (Q2FY21): Better volumes to aid H2 recovery; Valuation attractive
  • Coal India Q2FY2021 results

    12 Nov 2020 , 10:20AM Coal India Q2FY2021 results – PAT above our and street estimates due to OBR write-back of 575 crore and marginally higher blended realisation; coal offtake volume up 9.
  • Coal India

    5 Nov 2020 , 12:26PM As per media reports, Coal India has witnessed a record 190% increase in the e-auction coal volumes to 16.8 million tonnes in October 2020, on the back of increased demand from the power sector and several unstructured coal buyers. During April-October, Coal India booked 59 million tonnes of e-auction volume, which translates into 90% y-o-y increase compared to the same period last year. We highlight here that e-auction premium is also expected to improve in H2FY2021 and support earnings recovery.
  • Coal India

    2 Nov 2020 , 10:17AM The company reported sharp 18.7% y-o-y increase in its coal production to 46.8 million tonnes and coal offtake grew by 25% y-o-y to 50.5 million tonnes in October 2020. This is the third second consecutive month of y-o-y increase in coal volume offtake (31.7% y-o-y and 9.3% y-o-y growth in September and August respectively) for Coal India. With recent sharp improvement in coal offtake, the decline in coal sales volume has narrowed down significantly to 3.4% y-o-y during April-October 2020 (versus decline of 7.6% y-o-y in H1FY2021) Coal India’s valuation of 4.7x FY2022E EPS is a close to trough valuation and the stock also offers high dividend yield of 10-12%. We have Positive view on Coal India.
  • Coal India

    23 Oct 2020 , 12:18PM Management of Coal India in a media interview has indicated that e-auction premium on coal is improving and the company is getting 30% premium so far in October. The company is confident to reach production target of 1 billion tonnes by 2023-24 (as compared to 602 million tonnes in FY2020) and have identified 15 mines with production capacity of 100 million tonnes. Improving coal offtake (up 24% y-o-y in October so far and an increase of 32% in September) and better e-auction realisation bodes well for earnings recovery in H2FY2021E. Also, Coal India is trading at 4.8x FY2022E EPS, which is close to its trough valuation and also offers high dividend yield of ~12%. We have Positive view on Coal India.
  • Coal India

    14 Oct 2020 , 11:00AM As per media reports, Coal India has witnessed 65% y-o-y increase in coal allocation under its four e-auction to 41.4 million tons in H1FY2021. The sharp improvement in coal offtake under e-auction is positive and company expects the momentum to continue as the industrial and commercial activities has picked up post un-lockdown. Additionally, e-auction premium of 20% to notified coal price is also expected to get restored in H2FY2021, which would improve blended realisation. Coal India’s valuation of 4.7x FY2022E EPS is near its trough valuation and the stock offers high dividend yield of ~12%. We maintain Positive view on Coal India.
  • Coal India

    1 Oct 2020 , 12:57PM Coal India reported sharp 31.6% y-o-y increase in its coal production to 40.5 million tonnes and coal offtake grew by 31.7% y-o-y to 46.5 million tonnes. This is the second consecutive month of volume offtake (9.3% y-o-y growth in August 2020) for Coal India. With improvement in PLF for coal based power plants (given increase in power demand) and higher sale of coal through auction would result in higher sales volume for Coal India in H2FY2021E (versus de-growth of 7.6% y-o-y during April-September 2020). Coal India’s valuation of 4.8x FY2022E EPS is a close to trough valuation and the stock also offers high dividend yield of 10-12%. We have Positive view on Coal India.
  • Coal India production up by 31.6% YoY to Rs. 40.51 MT

    1 Oct 2020 , 11:43AM Coal India reports 31.6% rise in production for the month of September
  • Coal India

    24 Sep 2020 , 9:53AM The state-run firm has finalised contracts for heavy earth moving equipment worth over Rs5,900 crore (target to spend Rs7000 on purchase of heavy equipment) to ramp up production. The company is planning a capex of Rs10,000 crore for FY2021E.
  • Coal India

    23 Sep 2020 , 2:18PM As per media reports, Coal India is believed to be exploring bonus issue for the shareholders. We await for details on the same. Positive read through for Coal India. The company is also trading at attractive valuation of 5x FY22E EPS (near its trough valuations) and the stock offers high dividend yield of ~10%.
  • Coal India

    10 Sep 2020 , 10:32AM As per media reports, out of the total 123 coal mining project of Coal India, ~54 mining projects are running behind schedule mainly on account of delays in obtaining green nod and issues related to rehabilitation and resettlement. The company has approved 18 mining projects (total capacity of 132mtpa) with total investment of Rs21,245 crores and non-mining projects with investment of Rs856 crore.
  • Coal India Q1FY21 conference call takeaways

    7 Sep 2020 , 11:46AM Focus on import coal substitution of 100mt and increase OBR; off-take target of 660mt implies 32% y-o-y growth
  • Coal India – Viewpoint

    4 Sep 2020 , 10:57AM Coal India – Viewpoint (Q1FY2021 results): Improving volume and earnings outlook; Valuation remains attractive
  • Coal India Q1FY2021 results

    3 Sep 2020 , 10:45AM PAT above our and street estimates due to OBR write-back, lower other expenses and ETR
  • Coal India

    2 Sep 2020 , 9:16AM The company’s coal production and offtake increased by 7.1% y-o-y and 9.3% y-o-y to 37.2 million tonnes and 44.3 million tonnes respectively in August 2020. The company reported growth in offtake for the first time in the last six months. With improvement in PLF for coal based power plants (given increase in power demand) and higher sale of coal through auction would result in higher sales volume for Coal India in H2FY2021E (versus de-growth of 13.4% during April-August 2020). Coal India’s valuation of 5.5x FY2022E EPS is a close to trough valuation and the stock also offers high dividend yield of 10%. We have Positive view on Coal India.
  • Coal India

    27 Aug 2020 , 9:42AM As per media reports, Coal India has awarded Rs2,900 crore contract to Belarus-based mining equipment manufacturer Belaz for supply of 96 dumpers with a capacity of 240-tonnes. This is in line with the company’s strategy to augment its mining equipment (mechanised coal handling and loading systems) with overall capex of ~Rs20,000 crore. The dumpers are primarily used in opencast mines and would aid in the transport of bulk materials.
  • Coal India

    13 Aug 2020 , 12:13PM As per media reports, Coal India is seeking 15% reduction in railway freight charges for shipments travelling between 700-1,400 kilometers, in order to make domestic supplies competitive with imports. Domestic coal is considerably cheaper than imports, but taxes and freight makes it less competitive for some customers especially in South and West India. In case railways agree to reduce freight than it would boost Coal India’s target of 150 million tonnes for coal import substitution over the next two years.
  • Coal India

    10 Aug 2020 , 10:30AM As per media reports, Coal India has company has cut its FY2021 coal production target by 7-8% to 650-660 million tonnes in the wake of the disruptions caused by the COVID-19 pandemic. We production target implies 16% y-o-y growth in 9MFY2021, which seems ambitious target given weak coal offtake.
  • Coal India

    5 Aug 2020 , 12:30PM The company’s worker unions affiliated to five central trade unions have decided to go on one day strike (on August 18, 2020) against the proposed divestment or buyback of shares of the PSU.
  • Coal India

    3 Aug 2020 , 9:46AM The company’s coal production and offtake declined 3% y-o-y to 37.4 million tonnes and 6.9% to 43.39 million tonnes respectively for July 2020. The pace of decline in coal offtake on y-o-y basis has reduced (declined by 15% y-o-y in June, 23% in May and 26% in April) and in fact the coal offtake was up 4.3% m-o-m in July 2020. The improvement in coal offtake indicates higher demand from power sector as electricity consumption also improves in July 2020.
  • Coal India

    28 Jul 2020 , 12:14PM As per media reports, Coal India coal allocation under special forward e-auction for the power sector declined 28.7% y-o-y to 4.74 million tonnes in Q1FY2021. This is on expected line as coal offtake from power sector got impacted due to lower electricity demand.
  • Coal India

    27 Jul 2020 , 1:59PM As per media reports, Coal Ministry is likely to move Cabinet on leasing out unused land (which are economically unviable for coal mining) of Coal India for other infra-related activities like thermal & solar power, coal washieries, conveyer systems, handling plants, right of way for gas & water pipelines, railway lines, power transmission lines and road & highways.
  • Coal India

    23 Jul 2020 , 10:53AM As per media reports, Coal India is likely to invite registration for special spot e-auction scheme for import substitution (only for coal importers). We highlight here that Coal India has set a target to substitute 150 million tonnes of coal imports (out of more than 200 million tonnes of coal import for India) to help tide over weak coal offtake given lower demand from power sector.
  • Coal India

    20 Jul 2020 , 11:34AM Coal India COVID-19 impact – Coal production/offtake remains weak in Q1FY21 due to lower power demand; Pithead stock at 73 million tonnes
  • Coal India

    16 Jul 2020 , 11:30AM As per media reports, Coal India’s worker unions has decided to go on one-day strike on August 18, 2020 against the proposed divestment or buyback of shares of Coal India
  • Coal India

    8 Jul 2020 , 12:18PM The company has said that normalcy has been restored in its operations post the strike by labour union from July 2 to July 4, 2020. The company has said that average production during the strike was at 44% of last 10 days average production of 1,297k tonnes while dispatches were at 38% of last 10 days average of 1,405k tonnes.
  • Coal India

    6 Jul 2020 , 11:36AM The company has signed a 50:50 joint venture with NLC India to develop 5000 MW solar and thermal power assets on a pan India basis. The companies would jointly develop solar power assets of 3,000 MW with a likely investment of ~Rs12,000 crore.
  • Coal India

    2 Jul 2020 , 10:14AM The company’s coal production declined by 12.8% y-o-y to 39.2 million tonnes while the coal offtake was down 15% y-o-y to 41.6 million tonnes. For Q1FY21, the production was down by 11.6% y-o-y to 121 million tonnes and offtake declined by 21.4% y-o-y to 121 million tonnes. The decline in coal offtake is on the expected lines and was on the account of lower demand from power sector.
  • Coal India

    30 Jun 2020 , 10:16AM Coal India – Viewpoint: Lower e-auction price impact performance; valuation attractive
  • Coal India

    22 Jun 2020 , 12:42PM As per media reports, Coal India will engage mine developer cum operators (MDOs) to increase its coal output and reduce import dependency of the dry fuel in the coming years. Coal India has identified a total of 15 greenfield projects to operate through MDO model (12 are open cast and 3 underground) with targeted capacity of around 168 million tonne/year. Coal India is also laying plans (to complete by 2021-22) so that all projects become operational and start contributing to 1billion ton coal production target by FY2024. We have Positive view on Coal India.
  • Coal India gains as PM introduces auction process

    18 Jun 2020 , 1:51PM Coal India rises by 8% to Rs. 139.65, after PM Modi launches process for commercial bidding of coal mines
  • Coal India

    16 Jun 2020 , 11:36AM As per media reports, Coal India’s trade unions are planning to go on a three-day strike from July 2, 2020 against the government’s move to open the coal sector to private players and start commercial coal mining in India.
  • Coal India

    2 Jun 2020 , 10:54AM The company’s coal production declined by 11.3% to 41.4 million tons and the volume offtake declined by 23.3% to 39.4 million tons in May 2020. The offtake in volume off-take was well anticipated given lower power demand from power sector. We highlight here that management is making efforts to improve coal sales volume with focus on coal import substitution and auction of additional volume to non-regulated sectors. We believe that recent volume off-take concern is factored near trough valuation of Coal India. We have Positive view on Coal India.
  • Coal India

    29 May 2020 , 10:59AM Coal India – Viewpoint: Near-term volume offtake headwinds priced in
  • Coal India

    21 May 2020 , 10:44AM The government has approved methodology for commercial mining of coal on revenue sharing basis. The floor price will be 4% of the revenue share. The bids would be accepted in multiples of 0.5% of the revenue share till the percentage of revenue share is up to 10% and thereafter bids would be accepted in multiples of 0.25% of the revenue share. The reform was already announced in the government’s stimulus package. In our view the trough valuation of Coal India seems to factor in concerns of potential rise in private participation.
  • Coal India

    15 May 2020 , 10:38AM As per media reports, government has mandated Coal India to replace at least 100 million tonne of coal imports with domestically-produced coal in FY2021. The development is expected to improve coal demand especially when the coal demand from power sector has declined sharply due to COVID-19 led lockdown.
  • Coal India

    4 May 2020 , 11:24AM The company’s coal production and sales volume has declined by 10.9% y-o-y and 25.5% respectively to 40.4 million tonnes to 39.1 million tons in April 2020. The sharp fall in the coal offtake is on expected lines due to lower coal demand from power sector given shutdown of major industrial/commercial units due to nationwide lockdown.
  • Coal India

    24 Apr 2020 , 10:07AM As per media reports, Coal India’s daily average coal production has declined by 11.3% y-o-y to 1.34 million tonnes in April 2020 so far due to lower coal demand as stock piles up at power generation utilities given nationwide Covid-19 led lockdown.
  • Coal India

    23 Apr 2020 , 10:10AM As per media reports, Coal India plans to liquidate a record 75 million tonnes of coal stock and will auction ~46 million tonnes of coal reduced floor rates in the current quarter as it moves to boost sales amid flagging demand due to the ongoing nationwide lockdown. Four Coal India subsidiaries have been tasked with the auctions. We believe that at lower prices would impact realization for Coal India. This news in making rounds in the media from last few days and we have already highlighted the same in our earlier FNA.
  • Coal India

    23 Apr 2020 , 10:09AM As per media reports, Coal India plans to liquidate a record 75 million tonnes of coal stock and will auction ~46 million tonnes of coal reduced floor rates in the current quarter as it moves to boost sales amid flagging demand due to the ongoing nationwide lockdown. Four Coal India subsidiaries have been tasked with the auctions. We believe that at lower prices would impact realization for Coal India. This news in making rounds in the media from last few days and we have already highlighted the same in our earlier FNA.
  • Coal India

    21 Apr 2020 , 10:35AM As per media reports, Coal India has increased the minimum assured commitment level of coal supply (called the trigger level) to 80% from the existing 75% of Annual Contracted Quantity (ACQ) to power sector covered under Fuel Supply Agreements (FSA). The aim is to encourage power plants to opt for domestic supply of coal and reduce use of imported coal.
  • Coal India

    17 Apr 2020 , 10:23AM As per media reports, Coal India plans to auction 60% of its inventory by May 2020 to liquidate stocks (reached record levels of 75 million tonnes in March 2020). The company has decided to reduce floor price for bidding, from 20%-30% above notified price, to the notified prices and bulk of the offer would be for auctions allowing consumers to lift booked quantities over several months. The lower auction price would impact realizations for Coal India.
  • Coal India

    3 Apr 2020 , 10:43AM The company’s coal production has increased by 6.5% y-o-y to 84.4 million tonnes while its sales volume declined by 10.3% y-o-y to 53.5mmt in March 2020 due to lower volume offtake by key coal consumers due to lockdown in the country. The company’s coal production/sales volume declined by 0.8%/4.3% to 602mt/582mt for FY2020. The lower coal sales volume in March-2020 was well anticipated and seems to have been factored in the sharp correction in Coal India’s stock price.
  • Coal India

    20 Mar 2020 , 9:55AM The Board of Directors of Coal India has approved conversion Rs2,539 crore-worth redeemable preference shares held in its arm Bharat Coking Coal Ltd (BCCL) into equity shares. Pursuant to the conversion, Coal India would get a total dividend of Rs889 crore over FY2021 and FY2022.
  • Coal India production rises by 14% in Feb

    2 Mar 2020 , 2:15PM Coal India announces decent provisional production and offtake figures for February 2020
  • Coal India

    2 Mar 2020 , 10:36AM The company’s coal production increased sharply by 14.2% y-o-y to 66.3 million tonnes and sales volume was also up by 6.8% y-o-y to 55 million tonnes in February 2020 after registering production/sales volume growth of 10.3%/6.9% in January 2020. The improvement in sales volume is positive for recovery in earnings growth for Coal. We have Positive view on Coal India given attractive valuation and high dividend yield.
  • Coal India

    13 Feb 2020 , 11:44AM Coal India Ltd – Viewpoint Q3FY2020 results: FSA realisation continues to surprise positively
  • Coal India

    12 Feb 2020 , 10:38AM Coal India Q3FY2020 results
  • Coal India

    3 Feb 2020 , 10:26AM The production of coal increased by 10.3% y-o-y to 63.1 million tonnes and the offtake was up by 6.9% to 56.1 million tonnes in January 2020. The recovery in coal production (after sharp decline during May to November 2019 due to shutdown and monsoons) is positive for Coal India. We have Positive view on Coal India given attractive valuation and high dividend yield.
  • Coal India January coal production up 10.7%

    28 Jan 2020 , 1:17PM Coal India reports coal production up 10.7% at 54.17 mt till January 27
  • Coal India

    9 Jan 2020 , 12:22PM Government has approved ordinance to remove end use restriction on use of private coal mining and allows commercial mining of coal by private companies. The ordinance is in line with expectations and we do not see any fundamental impact on Coal India. We maintain Positive view on Coal India given attractive valuations and high dividend yield.
  • Coal India

    2 Jan 2020 , 10:27AM The company’s coal production has declined in the past many months due to heavy monsoons. However, Coal India has reported strong coal production growth of ~7.2% y-o-y to 58.02 million tonnes in December 2019 – Positive read through for Coal India. We have Positive view on the stock given attractive valuation and high dividend yield.
  • Coal India

    24 Dec 2019 , 12:57PM As per media reports, Coal India has entered into an agreement with Odisha Coal and Power (OCPL) to buy the coal produced from its captive mining block in Manoharpur of Odisha. OCPL can sell 6,000 tonnes of coal per day to Coal India at notified prices meant for the power sector and Coal India can sell the coal either to power plants or to the non-power sector – neutral read through for Coal India given small size of volumes as annual volume offtake of Coal India is in excess of 600 million tonnes.
  • Coal India

    24 Dec 2019 , 12:05PM As per media reports, Coal India has entered into an agreement with Odisha Coal and Power (OCPL) to buy the coal produced from its captive mining block in Manoharpur of Odisha. OCPL can sell 6,000 tonnes of coal per day to Coal India at notified prices meant for the power sector and Coal India can sell the coal either to power plants or to the non-power sector – neutral read through for Coal India given small size of volumes as annual volume offtake of Coal India is in excess of 600 million tonnes.
  • Coal India

    14 Nov 2019 , 11:42AM Coal India: Viewpoint – Better FSA realisation brings earnings surprise
  • Coal India

    13 Nov 2019 , 11:11AM Coal India Q2FY2020 results – Beat in PAT on higher realization, lower opex and tax rate
  • Coal India

    4 Nov 2019 , 12:01PM The company has reported sharp decline in its coal production and volume offtake by 20.9% y-oy and 18.9% y-o-y to 39.35 million tons and 40.5 million tons respectively in October-2019. We have already highlighted in our FNA (dated November 01, 2019) that Coal India is expected to report ~20% decline in its coal production for the month of October-2019 - negative read through for Coal India.
  • Coal India

    1 Nov 2019 , 10:10AM Coal India: As per media reports, Coal India's production in October-2019 is expected to decline by 19-20% y-o-y to ~40 million tonne, as compared to 49.77 million tonne. We await official release of production numbers by Coal India - negative read through for Coal India.
  • Coal India

    30 Oct 2019 , 10:56AM As per media reports, Coal India plans to submit binding bids for acquiring stakes in coking coal assets in Australia and Canada by March 2020. The firm is in the process of appointing merchant bankers for the assets it has identified. The quantum of stake to be bought would be decided after a due diligence – positive read through for Coal India.
  • Coal India

    25 Oct 2019 , 11:08AM As per media reports, Coal India plans to switch over to mechanised transportation of coal through piped conveyor belts in its large mines by 2023-24, replacing the existing road movement. This initiative involves setting up of Coal Handling Plants with silos having rapid loading systems, which will have benefits like crushing, sizing of coal, quicker and quality coal loading – long term positive for Coal India as the initiate would improve the quality of operations along with ability to handle higher coal supplies.
  • Coal India

    18 Oct 2019 , 11:17AM Coal India: As per media reports, Coal India has operationalised a 44-km long railway track in Chhattisgarh, using the East Rail Corridor to strengthen its daily despatching capability to Maharashtra and Gujarat. Thus, coal supplies from its subsidiary South Eastern Coalfields Limited is expected to increase – positive for Coal India.
  • Coal India

    3 Oct 2019 , 12:12PM Coal production volume declined sharply by 23.5% y-o-y to 30.8 million tonnes and sales volume was also down by 20% y-o-y to 35.2 million tonnes in September 2019. For H2FY2020, the production/sales volume was down by 6%/5.2% to 256.2 million tonnes and 290.8 tonnes respectively – the fall in production was led high rainfall and flood, sales volume impacted owing to lower shipments. The sharp fall in the production and sales nos in H1FY20, will impact the full years nos. -Negative read through for Coal India.
  • Govt allows 100% FDI in coal mining

    29 Aug 2019 , 12:08PM Coal India: As per media reports, the Union cabinet has announced 100% foreign direct investment (FDI) under the automatic route in coal mining and also in creation of associated infrastructure such as washeries. The move would attract international players to create an efficient and competitive market and also help in reducing coal imports.
  • Coal India Q1FY2020 results

    14 Aug 2019 , 11:09AM Beat in PAT on account of lower-than-expected expenses and depreciation cost; operating profit excluding OBR at Rs7,541 crore (up 12.1% y-o-y) was in-line with estimates
  • Coal production falls by 1.1% to 46.6 million tonne

    3 Jun 2019 , 10:20AM Coal India Limited: Coal production declined by 1.1% to 46.6 million tonne while the sales declined by 1.4% to 52.1 million tonne in May-2019. Bharat Coking Coal Ltd witnessed a sharp decline of 27.6%. South Eastern Coalfields witnessed decline of 14.7% – negative read through for Coal India.
  • Coal India reports 1% marginal growth in coal production

    2 May 2019 , 10:11AM Coal India: Reported marginal 1% y-o-y growth in its coal production to 45.3 million tonnes and coal offtake growth also slowed down to 2.6% y-o-y to 52.4 million tonnes in April-2019 as compared to strong offtake growth of 8% y-o-y March-2019 – negative read through for Coal India.
  • Coal India reports 7% y-o-y rise in its coal production to 607 MT

    2 Apr 2019 , 10:01AM Coal India: Has reported 7% y-o-y growth in its coal production to 607 MT in FY2019. The y-o-y growth of ~7% in coal production is almost three-fold increase compared to FY2018 output growth of 2.4%. The coal off take also increased by 4.8% y-o-y to 608 MT in FY2019 - Positive read through for Coal India.
  • SEBI relaxes norms for proposed buyback of Coal India

    21 Feb 2019 , 1:25PM Coal India: The Securities and Exchange Board of India relaxed norms for the proposed buyback of Coal India (buyback of upto 4.5 crore at price of Rs235/share). The regulatory board stated that transfer of securities from Promoters to Bharat 22 ETF Scheme is a part of ongoing disinvestment program – Positive read through.
  • Coal India approves Rs. 1,050 crore share buyback

    5 Feb 2019 , 10:48AM Board approves buyback of up to Rs. 1,050 crore at Rs. 235 per share
  • Coal India approves buyback of 4.46 crore equity shares

    5 Feb 2019 , 10:34AM Board of directors of Coal India has approved buyback of 4.46 crore equity shares (0.72% of outstanding equity shares) at Rs 235/share per aggregating up to Rs 1,050 crore - positive read through for Coal India
  • Coal India output up 7.4% to 412.45 MT during Apr-Dec

    2 Jan 2019 , 3:16PM Coal India December coal production at 54.13 million tons versus 54.63 million tons
  • Government to sell 3% stake in Coal India

    31 Oct 2018 , 10:09AM Government has announced to sell 3% equity shares of Coal India through offer for sale (OFS) with an option for additional sale of 6% equity shares in case of over-subscription. The floor price of Rs266 for OFS is at discount of 3.6% on Coal India's last closing price of Rs 275.9 - stock to remain in focus.
  • Coal India slips as govt to sell stake in company

    31 Oct 2018 , 10:08AM Coal India falls over 4% to Rs. 263.8, after the government start selling its 3% stake in the company
  • Q4FY18 Earnings Review: Q4 disappoints; hopes pinned on revival in FY2019

    11 Jun 2018 , 12:48PM The aggregate earnings declined by 10% in Q4FY18 against expectation of 9.1 % growth during the quarter. The major disappointment came from banks and energy sectors.
  • Coal India posts lower target in February

    5 Mar 2018 , 2:05PM Coal India reports lower-than-targeted production and offtake figures for February 2018
  • Coal India introduces evacuation facility charges

    20 Dec 2017 , 11:29AM Coal India announces that board has introduces evacuation facility charges for dispatch of coal
  • Coal India signs wage agreement with workers' unions

    11 Oct 2017 , 9:08AM Coal India signed a wage agreement with workers' unions for a period of five years which would have an estimated impact of Rs 5,667 crore annually; positive read-thru
  • Coal India gains on robust production

    4 Sep 2017 , 1:34PM Coal India gains on robust production

Key fundamentals

Evaluate the intrinsic value of Coal India Ltd stock 

Name March-24 March-23 March-22 March-21 March-20
Assets 17325.73 16747.87 16357.95 16751.71 16813.3
Liabilities 17325.73 16747.87 16357.95 16751.71 16813.3
Equity 6162.73 6162.73 6162.73 6162.73 6162.73
Gross Profit 755.1 585.74 443.55 21.82 -207.42
Net Profit 15766.83 14802.31 11201.57 7640.1 11280.88
Cash From Operating Activities 401.37 1211.01 2157.35 414.62 -2050.65
NPM(%) 1039.76 758.89 989.6 1193.29 1334.76
Revenue 1516.38 1950.51 1131.92 640.25 845.16
Expenses 761.28 1364.77 688.37 618.43 1052.58
ROE(%) 16.39 15.38 11.64 7.94 11.72

Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day
31 Jan 2025 5.6 56 6.62 374.6
05 Nov 2024 15.75 157.5 6.62 498.3
16 Aug 2024 5 50 6.62 453.9
20 Feb 2024 5.25 52.5 6.62 402.55
21 Nov 2023 15.25 152.5 6.62 316.95
08 Feb 2023 5.25 52.5 6.62 216.85
15 Nov 2022 15 150 6.62 246.05
11 Aug 2022 3 30 6.62 180.7
21 Feb 2022 5 50 6.62 159.95
06 Dec 2021 9 90 6.62 156.2
02 Sep 2021 3.5 35 6.62 159.35
15 Mar 2021 5 50 6.62 136.9
19 Nov 2020 7.5 75 6.62 121.8
19 Mar 2020 12 120 6.62 173.8
22 Mar 2019 5.85 58.5 6.62 242.75
28 Dec 2018 7.25 72.5 6.62 251.45
16 Mar 2018 16.5 165 6.62 314.05
27 Mar 2017 1.15 11.5 6.62 295.9
14 Mar 2017 18.75 187.5 6.62 319.6
14 Mar 2016 27.4 274 6.62 311.45
03 Mar 2015 20.7 207 6.62 382.75
17 Jan 2014 29 290 6.62 288.8
06 Sep 2013 4.3 43 6.62 301.3
18 Mar 2013 9.7 97 6.62 314
06 Sep 2012 0.5 5 6.62 303.1
15 Mar 2012 9.5 95 6.62 327.65
08 Sep 2011 0.4 4 6.62 381.85
18 Feb 2011 3.5 35 6.62 312.5

Peers

Other companies within the same industry or sector that are comparable to Coal India Ltd

Company Price Price (% change) pe(x) EV/EBITDA(x) ROE(%) ROCE(%)
Lexus Granito (India) Ltd 33.80 -0.59 0.00 777.75 -82.11 0.00
Aro Granite Industries Ltd 34.68 -0.69 0.00 589.36 8.59 0.00
NMDC Ltd 64.79 -1.19 8.79 112890.56 634.12 11.19
Shirpur Gold Refinery Ltd 4.95 0.00 0.00 1122.35 -357.41 0.00

Company Info

In order to provide for a higher growth in coal sector to meet the growing energy needs of the country, the Government in 1973, nationalized the coal mines by enacting the Coal Nationalization Act. Pursuant to the nationalization of coal mines, our Company was incorporated as a private limited company with the name of `Coal Mines Authority Limited', under the Companies Act on June 14, 1973, and in terms of notification no. G.S.R. 345(F) dated July 9, 1973, issued pursuant to the provisions of Section 5 of the Coal Nationalization Act certain nationalized coal mines were vested in our Company by the Central Government. Thereafter in 1975, Department of Coal, Ministry of Energy, GoI, with a view to integrate and streamline the structural set up in a manner which could be conducive to a more efficient administration, issued letter no. 38011/1/1/74-CAF dated September 27, 1975, providing for the re-organisation of `Coal Mines Authority Limited' as `Coal India Limited', which was to be responsible for the entire coal mining sector owned and controlled by the Central Government. Further, to the above direction from the Ministry of Energy, Department of Coal, the following steps were undertaken to re-organize our Company: (a) BCCL was made a Subsidiary of our Company. (b) `National Coal Development Corporation' was renamed as `Central Coalfields Limited' and made a Subsidiary of our Company. Further, the central division of our Company was transferred to CCL. (c) CMPDIL was incorporated as a private limited company and made Subsidiary of our Company. Further, the mine planning division of our Company was transferred to CMPDIL. (d) ECL was incorporated as a private limited company and made a Subsidiary of our Company. Further, the eastern division of our Company was transferred to ECL. (e) WCL was incorporated as a private limited company and made a Subsidiary of our Company. Further, the western division of our Company was transferred to WCL. In compliance with the above direction from the Ministry of Energy, Department of Coal, and pursuant to a resolution of our shareholders dated October 15, 1975 and approval of the Ministry of Law, Justice and Company Affairs (letter no. RD/T/5226) dated October 21, 1975, the name of our Company was changed to `Coal India Limited' and we received a fresh certificate of incorporation dated October 21, 1975 from the RoC, consequent upon such change of name. Pursuant to the nationalization of coal mines and during the period upto 1991, our Company was able to enhance the growth rate of coal production from a CAGR of 2.18% at the time of nationalisation in Fiscal 1974 to a CAGR of 5.63% by Fiscal 1991. However during this period, due to certain macro-economic and socio economic factors, our Company continued to operate certain legacy mines inherited pursuant to the nationalization and to operate certain new projects irrespective of financial viability. Further, on account of certain internal reasons and policy issues, our Company's accumulated losses in Fiscal 1991 and overdue liabilities to the Government in Fiscal 1993, reached Rs. 24,989.80 million and Rs. 23,113.10 million respectively. Thereafter, post 1991 upon our Company achieving certain milestones and certain policy changes initiated by the Government our Company endeavoured to consolidate its financial position. Major Events and Milestones 1973-74 - Nationalization of coal mines, in order to provide for a higher growth in coal sector to meet the growing energy needs of the country. -Incorporation of our Company as `Coal Mines Authority Limited'. 1975-76 - Change of name of our Company to `Coal India Limited'. - Incorporation of CMPDIL, ECL and WCL, and formation of BCCL, CCL, CMPDIL, ECL and WCL, as our Subsidiaries. 1979-80 - Construction of the low temperature carbonized plant started in Dankuni Coal Complex. - The pricing policy of CMPDIL was reviewed to ensure that the company was working on a commercial line instead of working on "no profit no loss" basis. 1980-81 - Construction of five new washeries: Moonidih washery, Ramgarh washery, Mohuda washery, Barora washery, Kedla washery. - Overall production of coal by our Company and our Subsidiaries crossed 100 million tonnes. 1981-82 - Introduction of retention prices of coal by amending the Colliery Control Order, 1945 by notification dated March 31, 1982, in respect of our Subsidiaries. 1985-86 - Formation of NCL and SECL as Subsidiaries of our Company, to manage certain mines managed by WCL and CCL. 1987-88 -`Blasting Gallery Method' introduced at East Katras mine under BCCL and Chora mine under ECL. 1991-92 - Uptrend of profit started in 1991 and our Company earned a profit of Rs. 1,670 million in Fiscal 1992. - Overall production of coal by our Company and our Subsidiaries crossed 200 million tonnes. - Fixing of coal prices once a year to compensate for increase in price of inputs on a normative cost basis, and adoption of the escalation formula prescribed by the Bureau of Industrial Cost and Prices ("BICP"). 1992-93 -Formation of MCL as our Subsidiary to manage mines Talcher and IB valley in the state of Orissa. 1995-96 - Approval of a financial restructuring package by the Government, whereby Rs. 8,917 million of interest liability was waived, Rs. 9,041.8 million of plan loan repayment arrears was converted to preference equity and Rs. 4,326.4 million of non plan payment arrears were allowed a moratorium for repayment and interest accrual for a period of three years, to be repaid in three equal instalments. - A profit of Rs. 6,116 million in Fiscal 1996 was earned by our Company. 1996-97 - Rating of `A ', indicating adequate safety with regard to timely payment of interest and principal, awarded by CRISIL in respect of the Rs. 4,000 million bond issue by our Company. - Adoption of financial viability as the basis for approval of coal development projects. - Discontinuation of retention prices scheme and the Coal Price Regulation Account (CPRA), with the deregulation in prices of certain grades of coal. 1997-98 - Corporatization of the financial flow between our Company and Subsidiaries, such that our Company is to receive only dividends under applicable policy from our Subsidiaries and the corpus of our Company was to be utilized to provide strategic support to a loss making entity only for, inter alia, maintaining their productive capital assets . - Sanction of loan of USD 1.03 billion from the World Bank and the Japanese Bank for International Co-operation for implementing 24 highly viable open case projects with global sourcing of equipments, of which USD 484.40 million was availed during the period between Fiscal 1998 to Fiscal 2004. 2001-02 - Laying down of a minimum internal rate of return of 12% at 85% capacity utilization as cut off for the development of a project. 2003-04 -Overall production of coal by our Company and our Subsidiaries crosses 300 million tonnes. 2005-06 - Rating of `AAA/Stable', indicating highest degree of safety with regard to timely payment of interest and principal, awarded by CRISIL in respect of the Rs. 250 million bond programme of our Company. - Introduction of sale of coal through `e-auction method'. - ECL and BCCL reported profit of Rs. 3,638 million and 2,026.67 million in Fiscal 2006. 2006-07 - Award of `Mini Ratna' status by the Department of Public Enterprises, GoI, to our Company and to MCL, NCL, SECL and WCL. - Decline in debt as a percentage of net worth from 66 % in 2001-2002 to 10 % in 2006 -2007 2007-08 - Award of `Mini Ratna' status by the Department of Public Enterprises, GoI, to CCL. . 2008-09 - Award of `Navratna' status to our Company by the Department of Public Enterprises, GoI, for our operational efficiency and financial strength, which affords greater operational freedom and autonomy in decision making. - Overall production of coal by our Company and our Subsidiaries, crossed 400 million tonnes. 2009-10 - Award of the Scope Excellence Award to our Company by the Standing Conference of Public Enterprises for the year 2007-08. - Establishment of Coal India Africana Limitada, a foreign subsidiary in Mozambique; Conversion of our Company into a public limited company. - Award of `Mini Ratna' status by the Department of Public Enterprises, GoI, to CMPDIL. - Receipt by our Company of a composite score of 1.47 and rating as "excellent" for the year 2007-2008 by Department of Public Enterprises, Ministry of Heavy Industries & Public Enterprises, GoI. Awards and Accreditations Year Awards / Accreditations 2007 Conferred with the "Enterprise Excellence Award 2007" by the Indian Institution of Industrial Engineering.* 2008 Conferred with the "SCOPE Gold Trophy 2007-08 for Excellence and Outstanding Contribution to the Public Sector Management".** 2009 Conferred with the "World's Largest Coal Producing Company" Award at the first Dalal Street Investment Journal PSU Awards, 2009. 2009 Ranked among the top five finalists in the 11th Anniversary of Platts Global Energy Awards 2009, in the `Energy Producer of the Year' category. 2010 Chairman and Managing Director of our Company, Mr. Partha S. Bhattacharyya was conferred with the "CEO with HR Orientation" Award by the Council of World HRD Congress at the Global HR Excellence Awards Ceremony 2010. 2011 -Coal India Limited conferred International Award --Coal India to be included in SENSEX -CIL seeks pvt cos' tie-up for gasification project 2012 -Coal India signs MoU with Government -Coal India Limited (CIL) the Maharatna public sector coal mining giant, on 31 January 2012, finalized the wage agreement -CIL signs FSA with 14 power companies -CIL gets 116 mines from government to boost output 2013 -Coal India signs MoU with Government -Coal India pays highest ever dividend 2014 -Highest Interim Dividend declared by CIL -Coal India signs MoU with Government for 2014-15 -Coal India and Tata Medical Centre join hands -Coal India announces Rs. 235 Crores for Clean India initiative 2015 -The Union Ministry of Skill Development and Entrepreneurship and the Coal India Limited signed a Memorandum of Agreement to impart skill training to 1.7 lakh people -The company along with GAIL (India) Ltd, Rashtriya Chemical Fertilizers Ltd (RCF) and Fertilizer Corporation of India Ltd (FCL) has entered into a Joint Venture (JV) agreement for incorporation of Rashtriya Coal Gas Fertilizers Ltd. -Coal India Limited (CIL) bagged the coveted 'Rashtriya Khel Protsahan Puruskar 2015' award -Coal India Limited (CIL), in a tie up with Tata Medical Centre (TMC) has sanctioned Rs. 41.11 Crores, to the TMC Trust 2016 -Coal India inks pact with IOC for manufacturing bulk explosives. -Coal India signs MOU with EESL for energy projects. -Coal India Agreement with Solar Energy Corporation of India Limited. 2017 -CIL was conferred with the Coal & Coal Products Award by Dun & Bradstreet in 2017. -CIL launched Web portal for MSME sector the portal aims to ease the conduct of business for small and medium sector consumers having annual requirement of less than 10,000 tonnes of coal. -Coal India achieves 96% production target in Feb. 2018 -CIL in association with CMPDI launched a portal MDMS (Mine Data Base Management System) to monitor the ongoing projects costing Rs. 20 Crores and above in CIL. -CIL Western Coalfields unit sees record 46.22 mt production in FY18. -CIL, NLC India ink pact to set up JV for power generation. 2019 -Coal India Limited for the first time, breached the 600 Million Tonne (MT) mark in coal production and off-take ending FY 2019 by producing 606.89 MTs of coal. -Coal India's supplies to power sector rise 8 pc to 390 MT. -Coal India Ltd subsidiary Northern Coalfields Ltd has achieved the 100-million-tonne production milestone, which also happens to be the target for the current fiscal 2018-19. -CIL production up 7pc in dry fuel to 607 MT in FY'19. 2020 -Coal Production: Coal India Limited produced 602.13 Million Tonnes (MTs) of coal, CIL breached the 600mt mark for the second year consecutively. -In the month of March' 20, CIL produced 84.36 MT, the highest so far in a month since the inception of the company. -CIL gets green nod for 17 mining projects: Coal Minister. -CIL logs 17% jump in composite opencast production in July, expects output to rise further. -Coal India awards Rs 2,900 cr contract to Belarus-based Belaz. 2021 -CIL signs first ever power purchase pact with GUVNL for sale of 100 mw solar power. -CIL approves investment of Rs 1,594 cr as part of equity capital for 3 fertiliser plants. -Coal India CMD hints at price hike due to increased costs. -Coal India records 14% growth in production and 17% growth in offtake. -Coal India achieves 2% growth in coal production in June 2022 -CIL inks MoU with RVUNL for 1190 MW solar project. -CIL chips in to set up eastern India's first incision free surgery equipment. -CIL's supplies to power plants up 16% amid soaring generation. -CIL's tech tweak for green mining options. 2023 -CIL's Rs. 24,000 crore impetus for 61 eco-friendly FMC projects. 2024 -CIL's supplies to NRS hit all-time high of 98 MTs ending Dec' FY 2024 -CIL extends FSA tenure to 10 years for NRS; Sponge Iron units respond well in tranche-VI -

In order to provide for a higher growth in coal sector to meet the growing energy needs of the country, the Government in 1973, nationalized the coal mines by enacting the Coal Nationalization Act. Pursuant to the nationalization of coal mines, our Company was incorporated as a private limited company with the name of `Coal Mines Authority Limited', under the Companies Act on June 14, 1973, and in terms of notification no. G.S.R. 345(F) dated July 9, 1973, issued pursuant to the provisions of Section 5 of the Coal Nationalization Act certain nationalized coal mines were vested in our Company by the Central Government. Thereafter in 1975, Department of Coal, Ministry of Energy, GoI, with a view to integrate and streamline the structural set up in a manner which could be conducive to a more efficient administration, issued letter no. 38011/1/1/74-CAF dated September 27, 1975, providing for the re-organisation of `Coal Mines Authority Limited' as `Coal India Limited', which was to be responsible for the entire coal mining sector owned and controlled by the Central Government. Further, to the above direction from the Ministry of Energy, Department of Coal, the following steps were undertaken to re-organize our Company: (a) BCCL was made a Subsidiary of our Company. (b) `National Coal Development Corporation' was renamed as `Central Coalfields Limited' and made a Subsidiary of our Company. Further, the central division of our Company was transferred to CCL. (c) CMPDIL was incorporated as a private limited company and made Subsidiary of our Company. Further, the mine planning division of our Company was transferred to CMPDIL. (d) ECL was incorporated as a private limited company and made a Subsidiary of our Company. Further, the eastern division of our Company was transferred to ECL. (e) WCL was incorporated as a private limited company and made a Subsidiary of our Company. Further, the western division of our Company was transferred to WCL. In compliance with the above direction from the Ministry of Energy, Department of Coal, and pursuant to a resolution of our shareholders dated October 15, 1975 and approval of the Ministry of Law, Justice and Company Affairs (letter no. RD/T/5226) dated October 21, 1975, the name of our Company was changed to `Coal India Limited' and we received a fresh certificate of incorporation dated October 21, 1975 from the RoC, consequent upon such change of name. Pursuant to the nationalization of coal mines and during the period upto 1991, our Company was able to enhance the growth rate of coal production from a CAGR of 2.18% at the time of nationalisation in Fiscal 1974 to a CAGR of 5.63% by Fiscal 1991. However during this period, due to certain macro-economic and socio economic factors, our Company continued to operate certain legacy mines inherited pursuant to the nationalization and to operate certain new projects irrespective of financial viability. Further, on account of certain internal reasons and policy issues, our Company's accumulated losses in Fiscal 1991 and overdue liabilities to the Government in Fiscal 1993, reached Rs. 24,989.80 million and Rs. 23,113.10 million respectively. Thereafter, post 1991 upon our Company achieving certain milestones and certain policy changes initiated by the Government our Company endeavoured to consolidate its financial position. Major Events and Milestones 1973-74 - Nationalization of coal mines, in order to provide for a higher growth in coal sector to meet the growing energy needs of the country. -Incorporation of our Company as `Coal Mines Authority Limited'. 1975-76 - Change of name of our Company to `Coal India Limited'. - Incorporation of CMPDIL, ECL and WCL, and formation of BCCL, CCL, CMPDIL, ECL and WCL, as our Subsidiaries. 1979-80 - Construction of the low temperature carbonized plant started in Dankuni Coal Complex. - The pricing policy of CMPDIL was reviewed to ensure that the company was working on a commercial line instead of working on "no profit no loss" basis. 1980-81 - Construction of five new washeries: Moonidih washery, Ramgarh washery, Mohuda washery, Barora washery, Kedla washery. - Overall production of coal by our Company and our Subsidiaries crossed 100 million tonnes. 1981-82 - Introduction of retention prices of coal by amending the Colliery Control Order, 1945 by notification dated March 31, 1982, in respect of our Subsidiaries. 1985-86 - Formation of NCL and SECL as Subsidiaries of our Company, to manage certain mines managed by WCL and CCL. 1987-88 -`Blasting Gallery Method' introduced at East Katras mine under BCCL and Chora mine under ECL. 1991-92 - Uptrend of profit started in 1991 and our Company earned a profit of Rs. 1,670 million in Fiscal 1992. - Overall production of coal by our Company and our Subsidiaries crossed 200 million tonnes. - Fixing of coal prices once a year to compensate for increase in price of inputs on a normative cost basis, and adoption of the escalation formula prescribed by the Bureau of Industrial Cost and Prices ("BICP"). 1992-93 -Formation of MCL as our Subsidiary to manage mines Talcher and IB valley in the state of Orissa. 1995-96 - Approval of a financial restructuring package by the Government, whereby Rs. 8,917 million of interest liability was waived, Rs. 9,041.8 million of plan loan repayment arrears was converted to preference equity and Rs. 4,326.4 million of non plan payment arrears were allowed a moratorium for repayment and interest accrual for a period of three years, to be repaid in three equal instalments. - A profit of Rs. 6,116 million in Fiscal 1996 was earned by our Company. 1996-97 - Rating of `A ', indicating adequate safety with regard to timely payment of interest and principal, awarded by CRISIL in respect of the Rs. 4,000 million bond issue by our Company. - Adoption of financial viability as the basis for approval of coal development projects. - Discontinuation of retention prices scheme and the Coal Price Regulation Account (CPRA), with the deregulation in prices of certain grades of coal. 1997-98 - Corporatization of the financial flow between our Company and Subsidiaries, such that our Company is to receive only dividends under applicable policy from our Subsidiaries and the corpus of our Company was to be utilized to provide strategic support to a loss making entity only for, inter alia, maintaining their productive capital assets . - Sanction of loan of USD 1.03 billion from the World Bank and the Japanese Bank for International Co-operation for implementing 24 highly viable open case projects with global sourcing of equipments, of which USD 484.40 million was availed during the period between Fiscal 1998 to Fiscal 2004. 2001-02 - Laying down of a minimum internal rate of return of 12% at 85% capacity utilization as cut off for the development of a project. 2003-04 -Overall production of coal by our Company and our Subsidiaries crosses 300 million tonnes. 2005-06 - Rating of `AAA/Stable', indicating highest degree of safety with regard to timely payment of interest and principal, awarded by CRISIL in respect of the Rs. 250 million bond programme of our Company. - Introduction of sale of coal through `e-auction method'. - ECL and BCCL reported profit of Rs. 3,638 million and 2,026.67 million in Fiscal 2006. 2006-07 - Award of `Mini Ratna' status by the Department of Public Enterprises, GoI, to our Company and to MCL, NCL, SECL and WCL. - Decline in debt as a percentage of net worth from 66 % in 2001-2002 to 10 % in 2006 -2007 2007-08 - Award of `Mini Ratna' status by the Department of Public Enterprises, GoI, to CCL. . 2008-09 - Award of `Navratna' status to our Company by the Department of Public Enterprises, GoI, for our operational efficiency and financial strength, which affords greater operational freedom and autonomy in decision making. - Overall production of coal by our Company and our Subsidiaries, crossed 400 million tonnes. 2009-10 - Award of the Scope Excellence Award to our Company by the Standing Conference of Public Enterprises for the year 2007-08. - Establishment of Coal India Africana Limitada, a foreign subsidiary in Mozambique; Conversion of our Company into a public limited company. - Award of `Mini Ratna' status by the Department of Public Enterprises, GoI, to CMPDIL. - Receipt by our Company of a composite score of 1.47 and rating as "excellent" for the year 2007-2008 by Department of Public Enterprises, Ministry of Heavy Industries & Public Enterprises, GoI. Awards and Accreditations Year Awards / Accreditations 2007 Conferred with the "Enterprise Excellence Award 2007" by the Indian Institution of Industrial Engineering.* 2008 Conferred with the "SCOPE Gold Trophy 2007-08 for Excellence and Outstanding Contribution to the Public Sector Management".** 2009 Conferred with the "World's Largest Coal Producing Company" Award at the first Dalal Street Investment Journal PSU Awards, 2009. 2009 Ranked among the top five finalists in the 11th Anniversary of Platts Global Energy Awards 2009, in the `Energy Producer of the Year' category. 2010 Chairman and Managing Director of our Company, Mr. Partha S. Bhattacharyya was conferred with the "CEO with HR Orientation" Award by the Council of World HRD Congress at the Global HR Excellence Awards Ceremony 2010. 2011 -Coal India Limited conferred International Award --Coal India to be included in SENSEX -CIL seeks pvt cos' tie-up for gasification project 2012 -Coal India signs MoU with Government -Coal India Limited (CIL) the Maharatna public sector coal mining giant, on 31 January 2012, finalized the wage agreement -CIL signs FSA with 14 power companies -CIL gets 116 mines from government to boost output 2013 -Coal India signs MoU with Government -Coal India pays highest ever dividend 2014 -Highest Interim Dividend declared by CIL -Coal India signs MoU with Government for 2014-15 -Coal India and Tata Medical Centre join hands -Coal India announces Rs. 235 Crores for Clean India initiative 2015 -The Union Ministry of Skill Development and Entrepreneurship and the Coal India Limited signed a Memorandum of Agreement to impart skill training to 1.7 lakh people -The company along with GAIL (India) Ltd, Rashtriya Chemical Fertilizers Ltd (RCF) and Fertilizer Corporation of India Ltd (FCL) has entered into a Joint Venture (JV) agreement for incorporation of Rashtriya Coal Gas Fertilizers Ltd. -Coal India Limited (CIL) bagged the coveted 'Rashtriya Khel Protsahan Puruskar 2015' award -Coal India Limited (CIL), in a tie up with Tata Medical Centre (TMC) has sanctioned Rs. 41.11 Crores, to the TMC Trust 2016 -Coal India inks pact with IOC for manufacturing bulk explosives. -Coal India signs MOU with EESL for energy projects. -Coal India Agreement with Solar Energy Corporation of India Limited. 2017 -CIL was conferred with the Coal & Coal Products Award by Dun & Bradstreet in 2017. -CIL launched Web portal for MSME sector the portal aims to ease the conduct of business for small and medium sector consumers having annual requirement of less than 10,000 tonnes of coal. -Coal India achieves 96% production target in Feb. 2018 -CIL in association with CMPDI launched a portal MDMS (Mine Data Base Management System) to monitor the ongoing projects costing Rs. 20 Crores and above in CIL. -CIL Western Coalfields unit sees record 46.22 mt production in FY18. -CIL, NLC India ink pact to set up JV for power generation. 2019 -Coal India Limited for the first time, breached the 600 Million Tonne (MT) mark in coal production and off-take ending FY 2019 by producing 606.89 MTs of coal. -Coal India's supplies to power sector rise 8 pc to 390 MT. -Coal India Ltd subsidiary Northern Coalfields Ltd has achieved the 100-million-tonne production milestone, which also happens to be the target for the current fiscal 2018-19. -CIL production up 7pc in dry fuel to 607 MT in FY'19. 2020 -Coal Production: Coal India Limited produced 602.13 Million Tonnes (MTs) of coal, CIL breached the 600mt mark for the second year consecutively. -In the month of March' 20, CIL produced 84.36 MT, the highest so far in a month since the inception of the company. -CIL gets green nod for 17 mining projects: Coal Minister. -CIL logs 17% jump in composite opencast production in July, expects output to rise further. -Coal India awards Rs 2,900 cr contract to Belarus-based Belaz. 2021 -CIL signs first ever power purchase pact with GUVNL for sale of 100 mw solar power. -CIL approves investment of Rs 1,594 cr as part of equity capital for 3 fertiliser plants. -Coal India CMD hints at price hike due to increased costs. -Coal India records 14% growth in production and 17% growth in offtake. -Coal India achieves 2% growth in coal production in June 2022 -CIL inks MoU with RVUNL for 1190 MW solar project. -CIL chips in to set up eastern India's first incision free surgery equipment. -CIL's supplies to power plants up 16% amid soaring generation. -CIL's tech tweak for green mining options. 2023 -CIL's Rs. 24,000 crore impetus for 61 eco-friendly FMC projects. 2024 -CIL's supplies to NRS hit all-time high of 98 MTs ending Dec' FY 2024 -CIL extends FSA tenure to 10 years for NRS; Sponge Iron units respond well in tranche-VI -

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Parent Organisation

Coal India Ltd.

Founded

14/06/1973

Managing Director

Mr.P M Prasad

NSE Symbol

COALINDIAEQ

FAQ

The current price of Coal India Ltd is ₹ 385.30.

The 52-week high for Coal India Ltd is ₹ 390.35 and the 52-week low is ₹ 383.10.

The market capitalization of Coal India Ltd is currently ₹ 237449.92. This value can fluctuate based on stock price movements and changes in the number of shares outstanding.

To buy Coal India Ltd shares, you need to have a brokerage account. First, choose a reputable brokerage firm, open an account, and complete the necessary KYC procedures.

To invest in Coal India Ltd, you need a brokerage account. After opening an account and completing the KYC process, you can fund your account and use the trading platform to purchase Coal India Ltd shares.

The CEO of Coal India Ltd is Mr.P M Prasad, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.

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