COALINDIA
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India's small steelmakers face production cuts amid LNG shortages due to Iran war
Several gas producers declare force majeure
Rising coal prices squeeze sponge iron producers
Small steel mills may cut output by up to 50%
By Neha Arora and Sethuraman N R
NEW DELHI, March 10 (Reuters) - Scores of small Indian steel producers have warned of production cuts as the escalating Middle East conflict disrupts gas supplies to the world's biggest producer of the alloy after China, industry officials said.
"We are looking at a 50% production cut as of now and a complete halt ahead, if supplies don't improve within a week," Yogesh Kanakiya, director at Triveni Iron and Steel Industries, told Reuters.
Triveni Iron and Steel Industries is based in the western state of Gujarat, the country’s largest gas-consuming region, which relies on the Middle East for much of its liquefied natural gas.
Several small steel mills in Gujarat depend on imported LNG.
Most gas producers, including Gujarat Gas GGAS.NS declared force majeure last week to restrict gas supplies to industries.
"We work on wafer thin margins and our margins have shrunk," said Anshum Goyal, managing director and promoter at Friends Steel Group in Gujarat. "We are concerned over supplies and it is affecting our decision-making in terms of prices we need to keep."
Producers in other parts of India are also grappling with rising coal costs fuelled by geopolitical tensions, adding pressure on margins.
About 6% of India's steel output uses gas-based direct reduced iron, or DRI, while roughly 50% depends on coal-fired blast furnaces.
"The ongoing geopolitical tensions have led to roughly a 10-12% increase in coal and freight costs," said Rahul Mittal, chairman of the Sponge Iron Manufacturers Association.
India produces around 50 million metric tons of sponge iron annually, largely used by secondary steel producers as raw material.
The impact of falling gas supplies has been exacerbated by sharp rises in imported coal prices.
South African thermal coal prices at Indian ports jumped by around 10-13% last week to a three-year high due to firmer freight rates and broader Middle East tensions, commodities consultancy BigMint said.
Coal buying in India has become more cautious amid higher freight costs and elevated global coal prices, said Vasudev Pamnani, director at Gujarat-based coal trader i-Energy Resources.
(Reporting by Neha Arora and Sethuraman NR; editing by Mayank Bhardwaj and Susan Fenton)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
Several gas producers declare force majeure
Rising coal prices squeeze sponge iron producers
Small steel mills may cut output by up to 50%
By Neha Arora and Sethuraman N R
NEW DELHI, March 10 (Reuters) - Scores of small Indian steel producers have warned of production cuts as the escalating Middle East conflict disrupts gas supplies to the world's biggest producer of the alloy after China, industry officials said.
"We are looking at a 50% production cut as of now and a complete halt ahead, if supplies don't improve within a week," Yogesh Kanakiya, director at Triveni Iron and Steel Industries, told Reuters.
Triveni Iron and Steel Industries is based in the western state of Gujarat, the country’s largest gas-consuming region, which relies on the Middle East for much of its liquefied natural gas.
Several small steel mills in Gujarat depend on imported LNG.
Most gas producers, including Gujarat Gas GGAS.NS declared force majeure last week to restrict gas supplies to industries.
"We work on wafer thin margins and our margins have shrunk," said Anshum Goyal, managing director and promoter at Friends Steel Group in Gujarat. "We are concerned over supplies and it is affecting our decision-making in terms of prices we need to keep."
Producers in other parts of India are also grappling with rising coal costs fuelled by geopolitical tensions, adding pressure on margins.
About 6% of India's steel output uses gas-based direct reduced iron, or DRI, while roughly 50% depends on coal-fired blast furnaces.
"The ongoing geopolitical tensions have led to roughly a 10-12% increase in coal and freight costs," said Rahul Mittal, chairman of the Sponge Iron Manufacturers Association.
India produces around 50 million metric tons of sponge iron annually, largely used by secondary steel producers as raw material.
The impact of falling gas supplies has been exacerbated by sharp rises in imported coal prices.
South African thermal coal prices at Indian ports jumped by around 10-13% last week to a three-year high due to firmer freight rates and broader Middle East tensions, commodities consultancy BigMint said.
Coal buying in India has become more cautious amid higher freight costs and elevated global coal prices, said Vasudev Pamnani, director at Gujarat-based coal trader i-Energy Resources.
(Reporting by Neha Arora and Sethuraman NR; editing by Mayank Bhardwaj and Susan Fenton)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
Coal India gains as Citi hikes price target
** Coal India's COAL.NS stock up 3.2% to 449.5 rupees, top gainer on Nifty 50 index .NSEI, which is up 0.51%
** Stock set to rise most in a session since Jan 28
** COAL above 100-day, 200-day SMAs since late Dec
** Citi hikes PT to 430 rupees from 415 rupees, expects stock to rise in next 90 days
** Brokerage says high LNG prices, due to Middle East war, expected to prompt gas-to-coal switch, driving up coal prices and potentially higher e-auction prices
** J.P.Morgan awaits "broader fundamentals to improve before turning constructive" on stock
** Avg rating by 21 analysts is "buy", median PT 436 rupees - data compiled by LSEG
** YTD, COAL up 13% vs .NSEI's 6% loss
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected]; +91 8697274436;))
** Coal India's COAL.NS stock up 3.2% to 449.5 rupees, top gainer on Nifty 50 index .NSEI, which is up 0.51%
** Stock set to rise most in a session since Jan 28
** COAL above 100-day, 200-day SMAs since late Dec
** Citi hikes PT to 430 rupees from 415 rupees, expects stock to rise in next 90 days
** Brokerage says high LNG prices, due to Middle East war, expected to prompt gas-to-coal switch, driving up coal prices and potentially higher e-auction prices
** J.P.Morgan awaits "broader fundamentals to improve before turning constructive" on stock
** Avg rating by 21 analysts is "buy", median PT 436 rupees - data compiled by LSEG
** YTD, COAL up 13% vs .NSEI's 6% loss
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected]; +91 8697274436;))
India's MSTC rises after winning Coal India tender
** MSTC MSTC.NS rises as much as 3.4% to 467.45 rupees
** Co becomes L1 bidder for tender hosted by Coal India COAL.NS for appointment of external service provider to conduct linkage auction for non-regulated sector for 3 years
** More than 211,000 shares traded vs 30-day moving avg of 142,272
** MSTC last up 1.7%, cutting YTD losses to 13.6%
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
** MSTC MSTC.NS rises as much as 3.4% to 467.45 rupees
** Co becomes L1 bidder for tender hosted by Coal India COAL.NS for appointment of external service provider to conduct linkage auction for non-regulated sector for 3 years
** More than 211,000 shares traded vs 30-day moving avg of 142,272
** MSTC last up 1.7%, cutting YTD losses to 13.6%
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
MSTC Becomes L1 Bidder For Coal India Tender
Feb 26 (Reuters) - MSTC Ltd MSTC.NS:
BECOMES L1 BIDDER FOR COAL INDIA TENDER
Source text: ID:nBSEc72jB8
Further company coverage: MSTC.NS
(([email protected];;))
Feb 26 (Reuters) - MSTC Ltd MSTC.NS:
BECOMES L1 BIDDER FOR COAL INDIA TENDER
Source text: ID:nBSEc72jB8
Further company coverage: MSTC.NS
(([email protected];;))
India aims to raise $20 billion from IPOs of state-run firms by 2030
Updates story first published late on Monday to add details, context and background in paragraphs 1, 3, 6-9
Stake sales via IPOs part of 16.7 trillion rupees asset sale plan until FY30
IPOs planned in railways, power, oil and gas, aviation and coal
Listings of seven railway firms could raise 837 billion rupees by FY30
By Nikunj Ohri and Shivangi Acharya
NEW DELHI, Feb 23 (Reuters) - India said it aims to raise 1.79 trillion rupees ($20 billion) from selling stakes in state-run firms through initial public offerings by the 2029/30 financial year, after previously backing away from outright privatisation plans.
The IPOs will be part of a broader push to raise $183.7 billion by monetising state assets over the next four years, the government's top policy think tank NITI Aayog said in a report released late on Monday.
The IPOs will be in the railway, power, petroleum and natural gas, aviation and coal sectors, NITI Aayog said.
They are part of Prime Minister Narendra Modi's second four-year plan for asset monetisation, after the first raised 5.3 trillion rupees by 2024/25, nearly 90% of the government's 6 trillion rupee target.
New Delhi has previously struggled to raise funds through outright privatisation of state-run firms and has more recently focused on monetising assets and subsidiaries of these companies to raise capital for reinvestment.
Modi's government deferred plans to privatise state-run companies after he failed to get a complete majority in the 2024 general elections.
Funds raised via asset monetisation go directly to firms to reinvest and can limit the burden on government finances to recapitalise these firms while maintaining their status as government entities.
Minority stake sales and privatisation form an important part of the government's overall plan to reduce its budget gap, even as New Delhi stopped setting specific targets for divestment after 2024.
STAKE SALES IN STATE-RUN FIRMS
Under the new plan, the government aims to divest stakes in seven railway companies through IPOs that could potentially fetch 837 billion rupees by 2030, the report said.
It targets raising 170 billion rupees of that through stock market listings in the coming financial year starting April 1, 2026, the report said, without naming the companies.
It also plans to list subsidiaries of state-run power firms to raise 310 billion rupees over the next four years, alongside 483 billion rupees from initial public offerings of subsidiaries of Coal India COAL.NS and the renewable energy assets of NLC India Limited NLCI.NS.
The Airports Authority of India will sell its stake in one subsidiary, and four airports that it owns through joint ventures with private partners.
In the financial year 2027/28, the government plans to list GAIL GAS, a subsidiary of GAIL (India) GAIL.NS to potentially raise 31 billion rupees, NITI Aayog said.
($1 = 90.9110 Indian rupees)
(Reporting by Nikunj Ohri and Shivangi Acharya; Editing by Susan Fenton and Lincoln Feast.)
(([email protected]; +91 90284 60730; Reuters Messaging: twitter.com/nikunj_ohri))
Updates story first published late on Monday to add details, context and background in paragraphs 1, 3, 6-9
Stake sales via IPOs part of 16.7 trillion rupees asset sale plan until FY30
IPOs planned in railways, power, oil and gas, aviation and coal
Listings of seven railway firms could raise 837 billion rupees by FY30
By Nikunj Ohri and Shivangi Acharya
NEW DELHI, Feb 23 (Reuters) - India said it aims to raise 1.79 trillion rupees ($20 billion) from selling stakes in state-run firms through initial public offerings by the 2029/30 financial year, after previously backing away from outright privatisation plans.
The IPOs will be part of a broader push to raise $183.7 billion by monetising state assets over the next four years, the government's top policy think tank NITI Aayog said in a report released late on Monday.
The IPOs will be in the railway, power, petroleum and natural gas, aviation and coal sectors, NITI Aayog said.
They are part of Prime Minister Narendra Modi's second four-year plan for asset monetisation, after the first raised 5.3 trillion rupees by 2024/25, nearly 90% of the government's 6 trillion rupee target.
New Delhi has previously struggled to raise funds through outright privatisation of state-run firms and has more recently focused on monetising assets and subsidiaries of these companies to raise capital for reinvestment.
Modi's government deferred plans to privatise state-run companies after he failed to get a complete majority in the 2024 general elections.
Funds raised via asset monetisation go directly to firms to reinvest and can limit the burden on government finances to recapitalise these firms while maintaining their status as government entities.
Minority stake sales and privatisation form an important part of the government's overall plan to reduce its budget gap, even as New Delhi stopped setting specific targets for divestment after 2024.
STAKE SALES IN STATE-RUN FIRMS
Under the new plan, the government aims to divest stakes in seven railway companies through IPOs that could potentially fetch 837 billion rupees by 2030, the report said.
It targets raising 170 billion rupees of that through stock market listings in the coming financial year starting April 1, 2026, the report said, without naming the companies.
It also plans to list subsidiaries of state-run power firms to raise 310 billion rupees over the next four years, alongside 483 billion rupees from initial public offerings of subsidiaries of Coal India COAL.NS and the renewable energy assets of NLC India Limited NLCI.NS.
The Airports Authority of India will sell its stake in one subsidiary, and four airports that it owns through joint ventures with private partners.
In the financial year 2027/28, the government plans to list GAIL GAS, a subsidiary of GAIL (India) GAIL.NS to potentially raise 31 billion rupees, NITI Aayog said.
($1 = 90.9110 Indian rupees)
(Reporting by Nikunj Ohri and Shivangi Acharya; Editing by Susan Fenton and Lincoln Feast.)
(([email protected]; +91 90284 60730; Reuters Messaging: twitter.com/nikunj_ohri))
India aims to raise $19.7 billion from IPOs of state-run firms by 2030
Stake sales via IPOs part of 16.7 trillion rupees asset sale plan until FY30
IPOs planned in railways, power, oil and gas, aviation and coal
Listings of seven railway firms could raise 837 billion rupees by FY30
By Nikunj Ohri
NEW DELHI, Feb 23 (Reuters) - India aims to raise 1.79 trillion rupees ($19.7 billion) from selling stakes in state-run firms through initial public offerings by the 2029/30 financial year, it said on Monday.
The IPOs will be part of a broader push to raise $183.7 billion by monetising state assets over the next four years, the government think tank NITI Aayog said in a report released late on Monday.
The IPOs will be in the railway, power, petroleum and natural gas, aviation and coal sectors, NITI Aayog said.
They are part of Prime Minister Narendra Modi's second four-year plan for asset monetisation, after the first raised 5.3 trillion rupees by 2024/25, below the government's 6 trillion rupee target.
STAKE SALES IN STATE-RUN FIRMS
Under the plan, the government aims to divest stakes in seven railway companies through IPOs that could potentially fetch 837 billion rupees by 2030, the report said. It targets raising 170 billion rupees of that through stock market listings in the coming financial year starting April 1, 2026, the report said, without naming the companies.
It also plans to list subsidiaries of state-run power firms to raise 310 billion rupees over the next four years, alongside 483 billion rupees from initial public offerings of subsidiaries of Coal India COAL.NS and the renewable energy assets of NLC India Limited NLCI.NS.
The Airports Authority of India will sell its stake in one subsidiary, and four airports that it owns through joint ventures with private partners.
In the financial year 2027/28, the government plans to list GAIL GAS, a subsidiary of GAIL (India) GAIL.NS to potentially raise 31 billion rupees, NITI Aayog said.
($1 = 90.9110 Indian rupees)
(Reporting by Nikunj Ohri; Editing by Susan Fenton)
(([email protected]; +91 90284 60730; Reuters Messaging: twitter.com/nikunj_ohri))
Stake sales via IPOs part of 16.7 trillion rupees asset sale plan until FY30
IPOs planned in railways, power, oil and gas, aviation and coal
Listings of seven railway firms could raise 837 billion rupees by FY30
By Nikunj Ohri
NEW DELHI, Feb 23 (Reuters) - India aims to raise 1.79 trillion rupees ($19.7 billion) from selling stakes in state-run firms through initial public offerings by the 2029/30 financial year, it said on Monday.
The IPOs will be part of a broader push to raise $183.7 billion by monetising state assets over the next four years, the government think tank NITI Aayog said in a report released late on Monday.
The IPOs will be in the railway, power, petroleum and natural gas, aviation and coal sectors, NITI Aayog said.
They are part of Prime Minister Narendra Modi's second four-year plan for asset monetisation, after the first raised 5.3 trillion rupees by 2024/25, below the government's 6 trillion rupee target.
STAKE SALES IN STATE-RUN FIRMS
Under the plan, the government aims to divest stakes in seven railway companies through IPOs that could potentially fetch 837 billion rupees by 2030, the report said. It targets raising 170 billion rupees of that through stock market listings in the coming financial year starting April 1, 2026, the report said, without naming the companies.
It also plans to list subsidiaries of state-run power firms to raise 310 billion rupees over the next four years, alongside 483 billion rupees from initial public offerings of subsidiaries of Coal India COAL.NS and the renewable energy assets of NLC India Limited NLCI.NS.
The Airports Authority of India will sell its stake in one subsidiary, and four airports that it owns through joint ventures with private partners.
In the financial year 2027/28, the government plans to list GAIL GAS, a subsidiary of GAIL (India) GAIL.NS to potentially raise 31 billion rupees, NITI Aayog said.
($1 = 90.9110 Indian rupees)
(Reporting by Nikunj Ohri; Editing by Susan Fenton)
(([email protected]; +91 90284 60730; Reuters Messaging: twitter.com/nikunj_ohri))
Coal India falls after drop in quarterly profit, revenue
** Shares of Coal India COAL.NS fall 1.5% to 412.95 rupees
** COAL's Q3 consol net profit dropped 15.8% Y/Y, revenue fell 5.2% Y/Y
** Brokerage Jefferies says COAL's third quarter cash EBITDA, excluding one-time executive wage revision impact, fell 5% Y/Y but was still 10% above its estimates thanks to better margins
** JP Morgan cuts PT to 397 rupees from 420 rupees, maintains 'neutral' rating, says clarity on future employee costs will be a key monitorable
** HSBC maintains 'Hold' rating, raises PT to 380 rupees from 374 rupees; raises FY27 EBITDA estimates by 2-3%
** COAL gained around 4% in 2025
(Reporting by Vijay Malkar)
(([email protected];))
** Shares of Coal India COAL.NS fall 1.5% to 412.95 rupees
** COAL's Q3 consol net profit dropped 15.8% Y/Y, revenue fell 5.2% Y/Y
** Brokerage Jefferies says COAL's third quarter cash EBITDA, excluding one-time executive wage revision impact, fell 5% Y/Y but was still 10% above its estimates thanks to better margins
** JP Morgan cuts PT to 397 rupees from 420 rupees, maintains 'neutral' rating, says clarity on future employee costs will be a key monitorable
** HSBC maintains 'Hold' rating, raises PT to 380 rupees from 374 rupees; raises FY27 EBITDA estimates by 2-3%
** COAL gained around 4% in 2025
(Reporting by Vijay Malkar)
(([email protected];))
Coal India Q3 Consol Net Profit 71.57 Billion Rupees
Feb 12 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA Q3 CONSOL NET PROFIT 71.57 BILLION RUPEES
COAL INDIA Q3 CONSOL REVENUE FROM OPERATIONS 349.24 BILLION RUPEES
Source text: [ID:]
Further company coverage: COAL.NS
(([email protected];))
Feb 12 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA Q3 CONSOL NET PROFIT 71.57 BILLION RUPEES
COAL INDIA Q3 CONSOL REVENUE FROM OPERATIONS 349.24 BILLION RUPEES
Source text: [ID:]
Further company coverage: COAL.NS
(([email protected];))
Coal India Approves Incorporation Of Holding Company In Chile
Feb 4 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA - APPROVES INCORPORATION OF HOLDING COMPANY IN CHILE
Source text: ID:nBSEGLGBG
Further company coverage: COAL.NS
(([email protected];))
Feb 4 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA - APPROVES INCORPORATION OF HOLDING COMPANY IN CHILE
Source text: ID:nBSEGLGBG
Further company coverage: COAL.NS
(([email protected];))
Coal India Upgrades Pay Scale For Mid-Level Executives
Feb 2 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA - UPGRADES PAY SCALE FOR MID-LEVEL EXECUTIVES
COAL INDIA - UPGRADATION IMPACT ESTIMATED AT 34 BILLION RUPEES
Source text: ID:nBSE1pG8pY
Further company coverage: COAL.NS
(([email protected];))
Feb 2 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA - UPGRADES PAY SCALE FOR MID-LEVEL EXECUTIVES
COAL INDIA - UPGRADATION IMPACT ESTIMATED AT 34 BILLION RUPEES
Source text: ID:nBSE1pG8pY
Further company coverage: COAL.NS
(([email protected];))
Coal India Granted Mineral Concession By Ministry Of Mines
Jan 20 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA - GRANT OF MINERAL CONCESSION BY MINISTRY OF MINES
COAL INDIA - COMPOSITE LICENSE FOR GRANT OF MINERAL CONCESSION HAS BEEN AWARDED TO CIL
Source text: ID:nBSE9v1zs0
Further company coverage: COAL.NS
(([email protected];))
Jan 20 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA - GRANT OF MINERAL CONCESSION BY MINISTRY OF MINES
COAL INDIA - COMPOSITE LICENSE FOR GRANT OF MINERAL CONCESSION HAS BEEN AWARDED TO CIL
Source text: ID:nBSE9v1zs0
Further company coverage: COAL.NS
(([email protected];))
Coal India unit Bharat Coking Coal skyrockets 95.7% in stock market debut
BENGALURU, Jan 19 - Shares of Bharat Coking Coal BARC.NS, India's top coking coal miner, debuted at a premium of 95.65% on Monday after its initial public offering drew bids worth $13 billion, making it one of the most heavily subscribed state-run IPOs in recent years.
The shares listed at 45 rupees on the National Stock Exchange of India, compared to the issue price of 23 rupees.
Bharat Coking Coal is a subsidiary of government-owned Coal India COAL.NS, one of the world's largest coal producers.
(Reporting by Urvi Dugar in Bengaluru; Editing by Janane Venkatraman)
(([email protected]; +91 9558725583;))
BENGALURU, Jan 19 - Shares of Bharat Coking Coal BARC.NS, India's top coking coal miner, debuted at a premium of 95.65% on Monday after its initial public offering drew bids worth $13 billion, making it one of the most heavily subscribed state-run IPOs in recent years.
The shares listed at 45 rupees on the National Stock Exchange of India, compared to the issue price of 23 rupees.
Bharat Coking Coal is a subsidiary of government-owned Coal India COAL.NS, one of the world's largest coal producers.
(Reporting by Urvi Dugar in Bengaluru; Editing by Janane Venkatraman)
(([email protected]; +91 9558725583;))
Coal India eyes rare earth pacts in Australia, Russia and Africa, unit exec says
By Hritam Mukherjee and Neha Arora
BENGALURU/NEW DELHI, Jan 15 (Reuters) - Coal India COAL.NS is scouting partnership opportunities in rare-earth mining across Australia, Russia, Argentina, Chile and several African countries, a top executive of its coking coal-focussed unit said on Thursday, as New Delhi looks to reduce reliance on China-dominated supply chains.
The move comes after top producer China expanded export curbs on rare-earth minerals late last year, threatening operations in sectors from autos to electronics that depend on the critical materials.
"In our country and in foreign countries also, we are going to invest; we are going to explore; we are also collaborating with other companies for rare earth metals. It is in the starting stage," Bharat Coking Coal Ltd BARC.NS Chairman and Managing Director Manoj Kumar Agarwal told Reuters in an interview.
Coal India is pursuing both overseas and local opportunities in this regard, and domestically aims to collaborate with state-run IREL, Khanij Bidesh India Ltd and Hindustan Copper HCPR.NS, Agarwal said.
The partnerships will be funded using proceeds from BCCL's $119 million initial public offering, which closed Tuesday after being oversubscribed nearly 147 times. The company, whose offering comprised only existing shares with no new issuance, is set to list Monday.
BCCL also plans to acquire coking coal mines in Australia and Russia within the next two to three years, Agarwal added.
The company aims to raise its coking coal production capacity to 56 million tonnes per annum by fiscal 2030, up from 40.5 MTPA at the end of fiscal 2025, he added.
Investors are betting BCCL will benefit from India's infrastructure push, which requires steel as a pivotal industrial raw material. Coking coal is a key steel-making ingredient.
(Reporting by Hritam Mukherjee in Bengaluru and Neha Arora in New Delhi; Editing by Tasim Zahid)
(([email protected]; X: @MukherjeeHritam;))
By Hritam Mukherjee and Neha Arora
BENGALURU/NEW DELHI, Jan 15 (Reuters) - Coal India COAL.NS is scouting partnership opportunities in rare-earth mining across Australia, Russia, Argentina, Chile and several African countries, a top executive of its coking coal-focussed unit said on Thursday, as New Delhi looks to reduce reliance on China-dominated supply chains.
The move comes after top producer China expanded export curbs on rare-earth minerals late last year, threatening operations in sectors from autos to electronics that depend on the critical materials.
"In our country and in foreign countries also, we are going to invest; we are going to explore; we are also collaborating with other companies for rare earth metals. It is in the starting stage," Bharat Coking Coal Ltd BARC.NS Chairman and Managing Director Manoj Kumar Agarwal told Reuters in an interview.
Coal India is pursuing both overseas and local opportunities in this regard, and domestically aims to collaborate with state-run IREL, Khanij Bidesh India Ltd and Hindustan Copper HCPR.NS, Agarwal said.
The partnerships will be funded using proceeds from BCCL's $119 million initial public offering, which closed Tuesday after being oversubscribed nearly 147 times. The company, whose offering comprised only existing shares with no new issuance, is set to list Monday.
BCCL also plans to acquire coking coal mines in Australia and Russia within the next two to three years, Agarwal added.
The company aims to raise its coking coal production capacity to 56 million tonnes per annum by fiscal 2030, up from 40.5 MTPA at the end of fiscal 2025, he added.
Investors are betting BCCL will benefit from India's infrastructure push, which requires steel as a pivotal industrial raw material. Coking coal is a key steel-making ingredient.
(Reporting by Hritam Mukherjee in Bengaluru and Neha Arora in New Delhi; Editing by Tasim Zahid)
(([email protected]; X: @MukherjeeHritam;))
Bharat Coking Coal draws $13 billion bids in India IPO
By Vivek Kumar M
Jan 13 (Reuters) - Bharat Coking Coal BARC.NS drew bids worth 1.17 trillion rupees ($12.97 billion) for its $118.7 million initial public offering on Tuesday, as prospects of strong demand for coking coal from steelmakers lifted appetite for the shares.
The company, which is India's top coking coal miner, received bids for 50.93 billion shares, nearly 147 times the number of shares on offer, at the end of three days of bidding, as per exchange data.
The firm is a subsidiary of state-owned Coal India COAL.NS.
WHY IT'S IMPORTANT
The strong response underscores continued investor interest in Indian primary market after two years of record fund-raising.
Bharat Coking Coal is the first mainboard IPO in India this year and consists entirely of a stake sale by its parent.
CONTEXT
India ranked as the world's second-largest primary market in 2025 after the United States, with 367 IPOs raising $21.8 billion, according to LSEG data.
Offerings from companies such as LG Electronics India LGEL.NS and ecommerce platform Meesho MEES.NS drew strong demand during the year.
KEY QUOTES
"Despite turbulence in the secondary market, this shows that primary market remains buoyant. The investor interest in Bharat Coking Coal is also driven by its strong parentage," said Kranthi Bathini, director of equity strategy at WealthMills Securities.
"The Indian coking coal industry benefits from structural demand growth driven by government-led infrastructure development, capacity addition in steel manufacturing, and policy emphasis on import substitution," said Ventura Securities.
BY THE NUMBERS
Qualified institutional buyers bid for 24.61 billion shares of Bharat Coking Coal, about 311 times the number of shares on offer for them, leading the subscriptions.
Non-institutional investors and retail investors quota were subscribed 258 times and 49 times, respectively.
($1 = 90.1780 Indian rupees)
(Reporting by Vivek Kumar M in Bengaluru; Editing by Nivedita Bhattacharjee)
(([email protected];))
By Vivek Kumar M
Jan 13 (Reuters) - Bharat Coking Coal BARC.NS drew bids worth 1.17 trillion rupees ($12.97 billion) for its $118.7 million initial public offering on Tuesday, as prospects of strong demand for coking coal from steelmakers lifted appetite for the shares.
The company, which is India's top coking coal miner, received bids for 50.93 billion shares, nearly 147 times the number of shares on offer, at the end of three days of bidding, as per exchange data.
The firm is a subsidiary of state-owned Coal India COAL.NS.
WHY IT'S IMPORTANT
The strong response underscores continued investor interest in Indian primary market after two years of record fund-raising.
Bharat Coking Coal is the first mainboard IPO in India this year and consists entirely of a stake sale by its parent.
CONTEXT
India ranked as the world's second-largest primary market in 2025 after the United States, with 367 IPOs raising $21.8 billion, according to LSEG data.
Offerings from companies such as LG Electronics India LGEL.NS and ecommerce platform Meesho MEES.NS drew strong demand during the year.
KEY QUOTES
"Despite turbulence in the secondary market, this shows that primary market remains buoyant. The investor interest in Bharat Coking Coal is also driven by its strong parentage," said Kranthi Bathini, director of equity strategy at WealthMills Securities.
"The Indian coking coal industry benefits from structural demand growth driven by government-led infrastructure development, capacity addition in steel manufacturing, and policy emphasis on import substitution," said Ventura Securities.
BY THE NUMBERS
Qualified institutional buyers bid for 24.61 billion shares of Bharat Coking Coal, about 311 times the number of shares on offer for them, leading the subscriptions.
Non-institutional investors and retail investors quota were subscribed 258 times and 49 times, respectively.
($1 = 90.1780 Indian rupees)
(Reporting by Vivek Kumar M in Bengaluru; Editing by Nivedita Bhattacharjee)
(([email protected];))
Coal India unit's IPO fully subscribed within minutes of launch
Jan 9 (Reuters) - Bharat Coking Coal's BARC.NS $118.65 million IPO, the first Indian mainboard listing of 2026, was fully subscribed within minutes of launch on the first day of bidding on Friday.
The Coal India COAL.NS unit received bids for 841.5 million shares as of 11:18 a.m. IST against 346.9 million shares on offer, exchange data showed.
The company set a price band of 21 to 23 rupees per share and is seeking a valuation of up to 107.1 billion rupees ($1.19 billion) at the upper end of the range.
(Reporting by Urvi Dugar in Bengaluru; Editing by Sonia Cheema)
(([email protected]; +91 9558725583;))
Jan 9 (Reuters) - Bharat Coking Coal's BARC.NS $118.65 million IPO, the first Indian mainboard listing of 2026, was fully subscribed within minutes of launch on the first day of bidding on Friday.
The Coal India COAL.NS unit received bids for 841.5 million shares as of 11:18 a.m. IST against 346.9 million shares on offer, exchange data showed.
The company set a price band of 21 to 23 rupees per share and is seeking a valuation of up to 107.1 billion rupees ($1.19 billion) at the upper end of the range.
(Reporting by Urvi Dugar in Bengaluru; Editing by Sonia Cheema)
(([email protected]; +91 9558725583;))
Coal India rises after allowing buyers from some neighbouring countries to bid at auctions
Jan 2 (Reuters) - Coal India COAL.NS shares surged as much as 5.1% on Friday after the state-run miner permitted direct participation of foreign coal buyers from Bangladesh, Bhutan and Nepal in e-auctions.
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Mrigank Dhaniwala)
(([email protected]; X: @MukherjeeHritam;))
Jan 2 (Reuters) - Coal India COAL.NS shares surged as much as 5.1% on Friday after the state-run miner permitted direct participation of foreign coal buyers from Bangladesh, Bhutan and Nepal in e-auctions.
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Mrigank Dhaniwala)
(([email protected]; X: @MukherjeeHritam;))
Coal India Dec Provisional Coal Production Up 4.6% Y/Y
Jan 1 (Reuters) - Coal India Ltd COAL.NS:
DEC PROVISIONAL COAL PRODUCTION UP 4.6% Y/Y
DEC PROVISIONAL OFFTAKE DOWN 5.2% Y/Y
Source text: ID:nBSE57Xl8h
Further company coverage: COAL.NS
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Jan 1 (Reuters) - Coal India Ltd COAL.NS:
DEC PROVISIONAL COAL PRODUCTION UP 4.6% Y/Y
DEC PROVISIONAL OFFTAKE DOWN 5.2% Y/Y
Source text: ID:nBSE57Xl8h
Further company coverage: COAL.NS
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Solar Industries India Bags Additional Order Of 17.46 Billion Rupees
Dec 31 (Reuters) - Solar Industries India Ltd SLIN.NS:
BAGS ADDITIONAL ORDER OF 17.46 BILLION RUPEES
ORDER FROM COAL INDIA FOR SUPPLY OF BULK EXPLOSIVES
Source text: ID:nBSE3188Gq
Further company coverage: SLIN.NS
(([email protected];))
Dec 31 (Reuters) - Solar Industries India Ltd SLIN.NS:
BAGS ADDITIONAL ORDER OF 17.46 BILLION RUPEES
ORDER FROM COAL INDIA FOR SUPPLY OF BULK EXPLOSIVES
Source text: ID:nBSE3188Gq
Further company coverage: SLIN.NS
(([email protected];))
Coal India Appoints B Sairam As CEO
Dec 26 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA - APPOINTMENT OF SHRI B. SAIRAM AS CEO OF COAL INDIA
Source text: ID:nBSE9wLSHZ
Further company coverage: COAL.NS
(([email protected];;))
Dec 26 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA - APPOINTMENT OF SHRI B. SAIRAM AS CEO OF COAL INDIA
Source text: ID:nBSE9wLSHZ
Further company coverage: COAL.NS
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India's power output growth slows in September as industrial momentum eases
By Sethuraman N R
NEW DELHI, Oct 3 (Reuters) - India’s electricity generation slowed in September, reflecting a decline in industrial activity and prolonged monsoon conditions that reduced cooling demand.
Power output rose 3.2% year-on-year but fell short of August’s 4% growth, marking the first monthly drop in three months, according to daily analysis of Grid India data.
The moderation coincided with a slowdown in manufacturing expansion and continued rainfall, which curbed energy consumption. Industries account for nearly half of India’s domestic power use.
Coal-fired generation, which typically contributes about three-quarters of India’s annual electricity output, declined in September compared to August.
Production and supply by the country’s largest coal miner also fell, aligning with the dip in overall power output.
Coal India’s COAL.NS production in September dropped by approximately 4%, while supply declined by 1.1%, company data showed.
"Industrial demand and thermal power consumption remain subdued ... Coal power plant inventories have dipped slightly but remain adequate for near-term requirements,” said Vasudev Pamnani, director at I-Energy Natural Resources, a coal trading firm.
Despite the slowdown in thermal generation, renewable energy and hydropower continued to expand. Solar and wind output increased, supported by strong capacity additions.
India added a record 30 gigawatts of new solar and wind capacity in the first eight months of 2025 and aims to reach 500 GW of non-fossil fuel capacity by 2030.
The sustained growth in renewable energy has helped reduce India’s reliance on coal for electricity generation this year.
A 16% increase in generation from renewable sources such as solar and wind, along with a 7.4% annual rise in hydropower output, contributed to total electricity generation of 156.52 billion kilowatt hours in September, the data showed.
(Reporting by Sethuraman NR; Editing by Mrigank Dhaniwala)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
By Sethuraman N R
NEW DELHI, Oct 3 (Reuters) - India’s electricity generation slowed in September, reflecting a decline in industrial activity and prolonged monsoon conditions that reduced cooling demand.
Power output rose 3.2% year-on-year but fell short of August’s 4% growth, marking the first monthly drop in three months, according to daily analysis of Grid India data.
The moderation coincided with a slowdown in manufacturing expansion and continued rainfall, which curbed energy consumption. Industries account for nearly half of India’s domestic power use.
Coal-fired generation, which typically contributes about three-quarters of India’s annual electricity output, declined in September compared to August.
Production and supply by the country’s largest coal miner also fell, aligning with the dip in overall power output.
Coal India’s COAL.NS production in September dropped by approximately 4%, while supply declined by 1.1%, company data showed.
"Industrial demand and thermal power consumption remain subdued ... Coal power plant inventories have dipped slightly but remain adequate for near-term requirements,” said Vasudev Pamnani, director at I-Energy Natural Resources, a coal trading firm.
Despite the slowdown in thermal generation, renewable energy and hydropower continued to expand. Solar and wind output increased, supported by strong capacity additions.
India added a record 30 gigawatts of new solar and wind capacity in the first eight months of 2025 and aims to reach 500 GW of non-fossil fuel capacity by 2030.
The sustained growth in renewable energy has helped reduce India’s reliance on coal for electricity generation this year.
A 16% increase in generation from renewable sources such as solar and wind, along with a 7.4% annual rise in hydropower output, contributed to total electricity generation of 156.52 billion kilowatt hours in September, the data showed.
(Reporting by Sethuraman NR; Editing by Mrigank Dhaniwala)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
Coal India Provisional Coal Production For Sept Down 3.9% Y/Y
Oct 1 (Reuters) - Coal India COAL.NS:
PROVISIONAL COAL PRODUCTION FOR SEPT DOWN 3.9% Y/Y
SEPT PROVISIONAL OFFTAKE DOWN 1.1% Y/Y
Source text: ID:nBSEb1WwmZ
Further company coverage: COAL.NS
(([email protected];))
Oct 1 (Reuters) - Coal India COAL.NS:
PROVISIONAL COAL PRODUCTION FOR SEPT DOWN 3.9% Y/Y
SEPT PROVISIONAL OFFTAKE DOWN 1.1% Y/Y
Source text: ID:nBSEb1WwmZ
Further company coverage: COAL.NS
(([email protected];))
India's GOCL Corp gains as Coal India cuts ban on unit
** Shares of GOCL Corporation GOCL.NS rise 2.1% to 364 rupees
** Coal India COAL.NS cuts ban on the mining & infra co's unit IDL Explosives to 1 year from 2 years, following court guidelines
** IDL Explosives now eligible to bid for COAL and other state-run firm tenders as ban ended on July 2
** YTD, stock is trading flat
(Reporting by Aleef Jahan in Bengaluru)
** Shares of GOCL Corporation GOCL.NS rise 2.1% to 364 rupees
** Coal India COAL.NS cuts ban on the mining & infra co's unit IDL Explosives to 1 year from 2 years, following court guidelines
** IDL Explosives now eligible to bid for COAL and other state-run firm tenders as ban ended on July 2
** YTD, stock is trading flat
(Reporting by Aleef Jahan in Bengaluru)
Indian coal prices to be lower after tax revision, industry officials say
Carbon tax removal to offset higher consumption tax on coal
Coal prices to be 8-19% cheaper for utilities
Non-power sector coal costs to be 6-17% lower
Coal power costs 0.12 rupees lower, solar 0.10 rupees less after tax change, ICRA says
By Sudarshan Varadhan and Sethuraman N R
SINGAPORE/NEW DELHI, Sept 4 (Reuters) - Coal prices in India will fall after revisions to taxes on the fuel that generates nearly 75% of the country's electricity, industry officials and analysts said, as a higher consumption tax is offset by the removal of a carbon levy.
That could push up domestic consumption at the expense of imports, they said, putting further pressure on already plunging global coal prices.
India's finance minister hiked consumption levies on coal to 18% from 5% on Wednesday. However, buyers no longer have to pay a flat carbon tax of 400 Indian rupees ($4.57) a metric ton, known as a cess.
"We anticipate an increase in demand for locally mined coal as the elimination of the cess makes it cheaper despite the higher consumption tax," said Ashis Kumar Pradhan, senior analyst at consultancy Wood Mackenzie.
Prices of power plant-grade fuel sold by Coal India COAL.NS, which produces three-quarters of Indian output, will now be 8.1%-19.8% cheaper for utilities and 5.6%-16.7% cheaper for other users such as smelters, according to Reuters calculations based on Coal India and Wood Mackenzie data.
The calculations tallied with estimates provided by the Coal Consumers Association of India to Reuters.
India is the world's second largest coal importer behind China, but imports are expected to fall as the price of grades typically shipped in from top supplier Indonesia will be 3.5% higher after the tax change, Pradhan said.
The lower effective taxes on coal are expected to help generators burning the fossil fuel to cut costs by 0.12 rupees per kilowatt hour, said Vikram V, analyst at Moody's ICRA unit.
That compares with ICRA's estimates of a 0.10 rupee per kWh decline in generation costs for solar power developers following a cut in tax rates on panels to 5% from 12%.
Coal India and the federal ministries for finance, power and coal did not respond to requests for comment.
The move will also benefit power producers and help revive plunging sales by state-run Coal India, which has grappled with tepid power demand and a rise in renewable power generation.
Ashok Khurana, vice chairman at India's Association of Power Producers, said the decision would help reduce generating costs.
"However its impact on consumer tariffs would depend on distribution companies," he added.
The move could result in lower tariffs if distribution companies pass on reduced procurement costs to consumers.
If the costs are not passed on, it could help improve the finances of debt-laden, state government-owned distribution companies, Khurana said.
($1 = 87.5060 Indian rupees)
Coal prices to be lower for Indian utilities after tax revision https://reut.rs/4njyXhj
(Additional reporting by Nikunj Ohri in New Delhi; Editing by Jan Harvey)
(([email protected]; +65 91164984;))
Carbon tax removal to offset higher consumption tax on coal
Coal prices to be 8-19% cheaper for utilities
Non-power sector coal costs to be 6-17% lower
Coal power costs 0.12 rupees lower, solar 0.10 rupees less after tax change, ICRA says
By Sudarshan Varadhan and Sethuraman N R
SINGAPORE/NEW DELHI, Sept 4 (Reuters) - Coal prices in India will fall after revisions to taxes on the fuel that generates nearly 75% of the country's electricity, industry officials and analysts said, as a higher consumption tax is offset by the removal of a carbon levy.
That could push up domestic consumption at the expense of imports, they said, putting further pressure on already plunging global coal prices.
India's finance minister hiked consumption levies on coal to 18% from 5% on Wednesday. However, buyers no longer have to pay a flat carbon tax of 400 Indian rupees ($4.57) a metric ton, known as a cess.
"We anticipate an increase in demand for locally mined coal as the elimination of the cess makes it cheaper despite the higher consumption tax," said Ashis Kumar Pradhan, senior analyst at consultancy Wood Mackenzie.
Prices of power plant-grade fuel sold by Coal India COAL.NS, which produces three-quarters of Indian output, will now be 8.1%-19.8% cheaper for utilities and 5.6%-16.7% cheaper for other users such as smelters, according to Reuters calculations based on Coal India and Wood Mackenzie data.
The calculations tallied with estimates provided by the Coal Consumers Association of India to Reuters.
India is the world's second largest coal importer behind China, but imports are expected to fall as the price of grades typically shipped in from top supplier Indonesia will be 3.5% higher after the tax change, Pradhan said.
The lower effective taxes on coal are expected to help generators burning the fossil fuel to cut costs by 0.12 rupees per kilowatt hour, said Vikram V, analyst at Moody's ICRA unit.
That compares with ICRA's estimates of a 0.10 rupee per kWh decline in generation costs for solar power developers following a cut in tax rates on panels to 5% from 12%.
Coal India and the federal ministries for finance, power and coal did not respond to requests for comment.
The move will also benefit power producers and help revive plunging sales by state-run Coal India, which has grappled with tepid power demand and a rise in renewable power generation.
Ashok Khurana, vice chairman at India's Association of Power Producers, said the decision would help reduce generating costs.
"However its impact on consumer tariffs would depend on distribution companies," he added.
The move could result in lower tariffs if distribution companies pass on reduced procurement costs to consumers.
If the costs are not passed on, it could help improve the finances of debt-laden, state government-owned distribution companies, Khurana said.
($1 = 87.5060 Indian rupees)
Coal prices to be lower for Indian utilities after tax revision https://reut.rs/4njyXhj
(Additional reporting by Nikunj Ohri in New Delhi; Editing by Jan Harvey)
(([email protected]; +65 91164984;))
India's largest coal miner issues tenders to build 5 GW of renewable power capacity
SINGAPORE, Sept 3 (Reuters) - State-run mining group Coal India COAL.NS has issued tenders to build 3 gigawatts of solar and 2 GW of wind power plants, its most significant move yet to diversify revenue sources amid a decline in output this year due to tepid demand.
The company currently has an installed solar capacity of about 0.2 GW, and plans to increase that to 3 GW by 2028 and 9.5 GW by 2030.
Production by Coal India, which accounts for about three-quarters of the country's coal output, fell 3.5% during the first five months of this fiscal year ending March 2026.
(Reporting by Sudarshan Varadhan; Editing by Jan Harvey)
(([email protected]; +65 91164984;))
SINGAPORE, Sept 3 (Reuters) - State-run mining group Coal India COAL.NS has issued tenders to build 3 gigawatts of solar and 2 GW of wind power plants, its most significant move yet to diversify revenue sources amid a decline in output this year due to tepid demand.
The company currently has an installed solar capacity of about 0.2 GW, and plans to increase that to 3 GW by 2028 and 9.5 GW by 2030.
Production by Coal India, which accounts for about three-quarters of the country's coal output, fell 3.5% during the first five months of this fiscal year ending March 2026.
(Reporting by Sudarshan Varadhan; Editing by Jan Harvey)
(([email protected]; +65 91164984;))
Coal India And Konkan Railway Corporation execute MoU
Aug 19 (Reuters) - Coal India Ltd COAL.NS:
MOU BETWEEN COAL INDIA AND KONKAN RAILWAY CORPORATION
MOU WITH INTENT OF DEVELOPMENT OF RAIL INFRASTRUCTURE OF CIL, UNITS
Source text: ID:nnAZN4DSC3I
Further company coverage: COAL.NS
(([email protected];;))
Aug 19 (Reuters) - Coal India Ltd COAL.NS:
MOU BETWEEN COAL INDIA AND KONKAN RAILWAY CORPORATION
MOU WITH INTENT OF DEVELOPMENT OF RAIL INFRASTRUCTURE OF CIL, UNITS
Source text: ID:nnAZN4DSC3I
Further company coverage: COAL.NS
(([email protected];;))
Coal India liberalises long-term supply deals to allow power sale on exchanges
SINGAPORE, Aug 6 (Reuters) - State-run Coal India COAL.NS has allowed utilities to sell power generated from fuel supplied under long-term deals called "linkage contracts" on power exchanges, it said in a notice on Wednesday.
The move would enable consistent demand for coal, Coal India said in the notice dated August 6, which was reviewed by Reuters.
The decision comes at a time India's coal-fired power plants are withdrawing more fuel from inventories and slashing fresh purchases from Coal India as coal use for power generation fell for a fourth month despite higher electricity demand.
(Reporting by Sudarshan Varadhan; Editing by Jan Harvey)
(([email protected]; +65 91164984;))
SINGAPORE, Aug 6 (Reuters) - State-run Coal India COAL.NS has allowed utilities to sell power generated from fuel supplied under long-term deals called "linkage contracts" on power exchanges, it said in a notice on Wednesday.
The move would enable consistent demand for coal, Coal India said in the notice dated August 6, which was reviewed by Reuters.
The decision comes at a time India's coal-fired power plants are withdrawing more fuel from inventories and slashing fresh purchases from Coal India as coal use for power generation fell for a fourth month despite higher electricity demand.
(Reporting by Sudarshan Varadhan; Editing by Jan Harvey)
(([email protected]; +65 91164984;))
Coal India's quarterly profit falls on weak power demand
July 31 (Reuters) - Coal India COAL.NS, which produces about 80% of the country's coal, reported a quarterly profit decline on Thursday as shipment volumes and prices fell amid weak power demand.
The state-run company, which mainly produces non-coking thermal coal for power generation and industrial use, said its consolidated net profit declined 20% year-on-year to 87.43 billion rupees ($998 million) in the quarter ended June 30.
Revenue from operations dropped 4.4% to 358.42 billion rupees.
Coal-fired power generation, which remains the dominant source of electricity in India, declined by nearly 3% in the first half of 2025.
Meanwhile, overall power output growth declined by 1.5% as a milder summer — driven by earlier-than-expected monsoon showers — reduced demand for coal.
Coal India's average realisation from so-called e-auction sales stood at 2,331.51 rupees per ton in June-quarter, lower than the 2,410.94 rupees per ton in the year-ago period, while overall average price realisation of coal supplied rose by two rupees from a year ago.
The company gets 10% of its sales through e-auctions at near-spot rates, and sells the rest of its output to domestic customers through long-term contracts.
($1 = 87.6040 Indian rupees)
(Reporting by Manvi Pant and Anuran Sadhu in Bengaluru; Editing by Mrigank Dhaniwala)
(([email protected]; +918447554364;))
July 31 (Reuters) - Coal India COAL.NS, which produces about 80% of the country's coal, reported a quarterly profit decline on Thursday as shipment volumes and prices fell amid weak power demand.
The state-run company, which mainly produces non-coking thermal coal for power generation and industrial use, said its consolidated net profit declined 20% year-on-year to 87.43 billion rupees ($998 million) in the quarter ended June 30.
Revenue from operations dropped 4.4% to 358.42 billion rupees.
Coal-fired power generation, which remains the dominant source of electricity in India, declined by nearly 3% in the first half of 2025.
Meanwhile, overall power output growth declined by 1.5% as a milder summer — driven by earlier-than-expected monsoon showers — reduced demand for coal.
Coal India's average realisation from so-called e-auction sales stood at 2,331.51 rupees per ton in June-quarter, lower than the 2,410.94 rupees per ton in the year-ago period, while overall average price realisation of coal supplied rose by two rupees from a year ago.
The company gets 10% of its sales through e-auctions at near-spot rates, and sells the rest of its output to domestic customers through long-term contracts.
($1 = 87.6040 Indian rupees)
(Reporting by Manvi Pant and Anuran Sadhu in Bengaluru; Editing by Mrigank Dhaniwala)
(([email protected]; +918447554364;))
Coal India Says Collaboration In Copper, Critical Minerals Sectors
July 1 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA LTD - COLLABORATION IN COPPER AND CRITICAL MINERALS SECTORS
Source text: ID:nNSE8TKVV6
Further company coverage: COAL.NS
(([email protected];))
July 1 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA LTD - COLLABORATION IN COPPER AND CRITICAL MINERALS SECTORS
Source text: ID:nNSE8TKVV6
Further company coverage: COAL.NS
(([email protected];))
Coal India Says Equity Investment In Talcher Fertilizer
June 27 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA - EQUITY INVESTMENT IN TALCHER FERTILIZER
COAL INDIA - ACQUIRING 1.07 BILLION SHARES AT 10 RUPEES EACH
Source text: [ID:]
Further company coverage: COAL.NS
(([email protected];))
June 27 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA - EQUITY INVESTMENT IN TALCHER FERTILIZER
COAL INDIA - ACQUIRING 1.07 BILLION SHARES AT 10 RUPEES EACH
Source text: [ID:]
Further company coverage: COAL.NS
(([email protected];))
Coal India And Indian Port Rail Sign MoU For Rail Infrastructure
June 5 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA LTD - CO AND INDIAN PORT RAIL SIGN MOU FOR RAIL INFRASTRUCTURE
Source text: ID:nBSE8fp6X9
Further company coverage: COAL.NS
(([email protected];))
June 5 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA LTD - CO AND INDIAN PORT RAIL SIGN MOU FOR RAIL INFRASTRUCTURE
Source text: ID:nBSE8fp6X9
Further company coverage: COAL.NS
(([email protected];))
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What does Coal India do?
Coal Indiaalong with its subsidiaries is primarily involved in the mining and production of Coal. The major consumers of the company are the power and steel sectors. Consumers from other sectors include cement, fertilizers, brick kilns, etc. The company is currently executing a variety of projects, ranging from mining, washery, evacuation projects, etc. In order to ensure smooth implementation of such projects, it is continuously monitoring the ongoing progress through a number of sophisticated project management mechanisms.
Who are the competitors of Coal India?
Coal India major competitors are Adani Enterprises, Anmol India, Reetech Internation, Jainam Ferro Alloys, Nagpur Power & Inds.. Market Cap of Coal India is ₹2,69,743 Crs. While the median market cap of its peers are ₹179 Crs.
Is Coal India financially stable compared to its competitors?
Coal India seems to be less financially stable compared to its competitors. Altman Z score of Coal India is 2.49 and is ranked 5 out of its 6 competitors.
Does Coal India pay decent dividends?
The company seems to pay a good stable dividend. Coal India latest dividend payout ratio is 46.19% and 3yr average dividend payout ratio is 45.08%
How has Coal India allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Coal India balance sheet?
Balance sheet of Coal India is moderately strong.
Is the profitablity of Coal India improving?
No, profit is decreasing. The profit of Coal India is ₹28,944 Crs for TTM, ₹35,358 Crs for Mar 2025 and ₹37,402 Crs for Mar 2024.
Is the debt of Coal India increasing or decreasing?
Yes, The net debt of Coal India is increasing. Latest net debt of Coal India is -₹19,063.29 Crs as of Sep-25. This is greater than Mar-25 when it was -₹59,522.2 Crs.
Is Coal India stock expensive?
Yes, Coal India is expensive. Latest PE of Coal India is 9.03, while 3 year average PE is 7.05. Also latest EV/EBITDA of Coal India is 6.21 while 3yr average is 4.4.
Has the share price of Coal India grown faster than its competition?
Coal India has given better returns compared to its competitors. Coal India has grown at ~24.61% over the last 3yrs while peers have grown at a median rate of 2.6%
Is the promoter bullish about Coal India?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Coal India is 63.13% and last quarter promoter holding is 63.13%.
Are mutual funds buying/selling Coal India?
The mutual fund holding of Coal India is decreasing. The current mutual fund holding in Coal India is 9.04% while previous quarter holding is 10.06%.