Coal India
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By Sethuraman N R
NEW DELHI, Oct 6 (Reuters) - India's biggest power producer, NTPC NTPC.NS, plans to buy more coal from private mining companies to overcome fuel shortages and meet rising electricity demand, two people familiar with the matter said.
India is relying on thermal power to meet rising demand triggered by an extended summer and weaker hydropower generation linked to an El Niño weather pattern, government data showed.
Its power deficit rose to more than a three-year high in September despite coal-fired plants operating at a higher rate.
NTPC, which did not respond to a Reuters request for comment, typically buys fuel from state-run Coal India COAL.NS, the world's largest coal producer.
The utility's coal reserves at its plants have dropped from 18 million metric tons in April to 5.5 million tons as higher power generation and weaker local supplies due to heavy rains in mining areas have constrained replenishment, the people said.
NTPC is in talks with private companies to buy up to 15 million tons of coal and plans to use about 50 million tons produced from its captive mine, they added.
If the coal supplies are not ramped up, NTPC anticipates a severe power shortage early next year, the people said.
NTPC's coal consumption is expected to rise in 2026/27 to nearly 300 million tons from an average of 270 million to 280 million tons as it increases operations to meet rising electricity demand.
Nearly 47% of India's power plants had critically low levels of coal stocks, with supplies sufficient to generate power for less than four days at those plants.
To overcome power shortages, the federal power ministry last week asked more than 100 captive coal-fired power plants to operate at maximum capacity from October 1 through year-end.
India is considering mandatory imported coal blending at power plants due to local shortages, Reuters reported last month.
Meanwhile, India's federal coal ministry said on Monday that Coal India has ramped up supplies to Indian power plants after rains in mining areas.
Coal remains central to India's power system even as the country expands renewable energy to reduce its reliance on fossil fuels and curb carbon emissions.
(Reporting by Sethuraman NR; editing by Nidhi Verma and Alexander Smith)
(([email protected]; X: @nidhi712;))
By Sethuraman N R
NEW DELHI, Oct 6 (Reuters) - India's biggest power producer, NTPC NTPC.NS, plans to buy more coal from private mining companies to overcome fuel shortages and meet rising electricity demand, two people familiar with the matter said.
India is relying on thermal power to meet rising demand triggered by an extended summer and weaker hydropower generation linked to an El Niño weather pattern, government data showed.
Its power deficit rose to more than a three-year high in September despite coal-fired plants operating at a higher rate.
NTPC, which did not respond to a Reuters request for comment, typically buys fuel from state-run Coal India COAL.NS, the world's largest coal producer.
The utility's coal reserves at its plants have dropped from 18 million metric tons in April to 5.5 million tons as higher power generation and weaker local supplies due to heavy rains in mining areas have constrained replenishment, the people said.
NTPC is in talks with private companies to buy up to 15 million tons of coal and plans to use about 50 million tons produced from its captive mine, they added.
If the coal supplies are not ramped up, NTPC anticipates a severe power shortage early next year, the people said.
NTPC's coal consumption is expected to rise in 2026/27 to nearly 300 million tons from an average of 270 million to 280 million tons as it increases operations to meet rising electricity demand.
Nearly 47% of India's power plants had critically low levels of coal stocks, with supplies sufficient to generate power for less than four days at those plants.
To overcome power shortages, the federal power ministry last week asked more than 100 captive coal-fired power plants to operate at maximum capacity from October 1 through year-end.
India is considering mandatory imported coal blending at power plants due to local shortages, Reuters reported last month.
Meanwhile, India's federal coal ministry said on Monday that Coal India has ramped up supplies to Indian power plants after rains in mining areas.
Coal remains central to India's power system even as the country expands renewable energy to reduce its reliance on fossil fuels and curb carbon emissions.
(Reporting by Sethuraman NR; editing by Nidhi Verma and Alexander Smith)
(([email protected]; X: @nidhi712;))
Oct 1 (Reuters) - Coal India Limited COAL.NS:
COAL INDIA - AUGMENTED COAL SUPPLIES BY 12.5% TO 61.20 MT IN SEPTEMBER FY 2026-27
Source text: ID:nBSE8dJCp0
Further company coverage: COAL.NS
(([email protected];;))
Oct 1 (Reuters) - Coal India Limited COAL.NS:
COAL INDIA - AUGMENTED COAL SUPPLIES BY 12.5% TO 61.20 MT IN SEPTEMBER FY 2026-27
Source text: ID:nBSE8dJCp0
Further company coverage: COAL.NS
(([email protected];;))
Sept 29 (Reuters) - Coal India Limited COAL.NS:
COAL INDIA - NON-BINDING MEMORANDUM OF UNDERSTANDING (MOU) BETWEEN COAL INDIA LIMITED AND HINDUSTAN URVARAK & RASAYAN LIMITED
COAL INDIA - MOU TO EXPLORE COAL GASIFICATION-BASED UREA PRODUCTION AT SINDRI, JHARKHAND
Source text: ID:nBSE1R5q43
Further company coverage: COAL.NS
(([email protected];;))
Sept 29 (Reuters) - Coal India Limited COAL.NS:
COAL INDIA - NON-BINDING MEMORANDUM OF UNDERSTANDING (MOU) BETWEEN COAL INDIA LIMITED AND HINDUSTAN URVARAK & RASAYAN LIMITED
COAL INDIA - MOU TO EXPLORE COAL GASIFICATION-BASED UREA PRODUCTION AT SINDRI, JHARKHAND
Source text: ID:nBSE1R5q43
Further company coverage: COAL.NS
(([email protected];;))
** Shares of Coal India COAL.NS up 0.71% at 425.10 rupees, the top gainer among Nifty 50 .NSEI constituents this week
** Stock on track to gain about 3.6% this week, set for its biggest weekly gain since May 1
** Earlier this week, Morgan Stanley upgraded co to "overweight" and raised its PT to 480 rupees from 420 rupees, expecting stronger volumes and e-auction premiums to drive earnings upgrades
** Jefferies ("buy", PT: 500 rupees) says coal inventories at Indian power plants have fallen to a multi-year low of seven days, compared with a 10-year average of 15 days, which could support demand for Coal India's supplies
** COAL rated "buy" on average by 24 analysts, median PT at 470 rupees--data compiled by LSEG
** YTD stock up 6.45% vs Nifty 50's 11.74% drop
(Reporting by Surbhi Misra in Bengaluru)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
** Shares of Coal India COAL.NS up 0.71% at 425.10 rupees, the top gainer among Nifty 50 .NSEI constituents this week
** Stock on track to gain about 3.6% this week, set for its biggest weekly gain since May 1
** Earlier this week, Morgan Stanley upgraded co to "overweight" and raised its PT to 480 rupees from 420 rupees, expecting stronger volumes and e-auction premiums to drive earnings upgrades
** Jefferies ("buy", PT: 500 rupees) says coal inventories at Indian power plants have fallen to a multi-year low of seven days, compared with a 10-year average of 15 days, which could support demand for Coal India's supplies
** COAL rated "buy" on average by 24 analysts, median PT at 470 rupees--data compiled by LSEG
** YTD stock up 6.45% vs Nifty 50's 11.74% drop
(Reporting by Surbhi Misra in Bengaluru)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
Updates chart and closing levels throughout
By Vivek Kumar M and Bharath Rajeswaran
Sept 24 (Reuters) - National Stock Exchange of India NSEI.BO shares closed 1.8% higher on their trading debut on Thursday, after a $2.3 billion IPO, the country's second-biggest.
The stock listed on the BSE at 1,800 rupees ($18.77), a premium of less than 1% to its IPO price and rose as much as 5% during the session.
Here's a look at the debut market performance of companies after large IPOs of more than $1 billion.
HYUNDAI MOTOR INDIA
Hyundai Motor India's HYUN.NS shares fell more than 7% on their 2024 debut after the country's largest-ever IPO drew muted response from retail investors.
Concerns over a rich valuation and an industry slowdown weighed on sentiment. Its South Korean parent 005380.KS raised 278.7 billion rupees ($2.91 billion) by selling a 17.5% stake in a pure offer-for-sale, where existing investors sell their stakes.
As of Thursday's close, Hyundai Motor India has gained about 5% over IPO price.
LIFE INSURANCE CORPORATION OF INDIA
Life Insurance Corp of India LIFI.NS, India's biggest insurance company, slid nearly 8% in its 2022 debut, despite strong demand for what was then the country's largest IPO.
The government raised about 205 billion rupees by selling a 3.5% stake in the state-owned insurer, well below its initial target of up to $12 billion.
LIC traded at 406 rupees, reflecting an adjusted price level following a 1:1 bonus issue in May.
PAYTM
Digital-payments firm Paytm PAYT.NS suffered one of India's worst large-cap market debuts in 2021, plunging more than 27% after its $2.5 billion IPO.
It intensified concerns over aggressive valuations, particularly among loss-making technology companies.
Paytm is down about 19% since its debut.
TATA CAPITAL
Tata Capital TATC.NS gained a modest 1.4% on its debut in October 2025, as a crowded issuance calendar and limited valuation discount to listed peers curbed investor enthusiasm.
Its $1.75 billion IPO coincided with LG Electronics India's LGEL.NS $1.3 billion offering, which drew nearly $50 billion in bids.
Tata Capital is up around 3% since listing.
COAL INDIA
State-run Coal India COAL.NS, the world's biggest coal miner, surged 40% on its listing day in November 2010, as investors snapped up a stock that is a proxy for surging growth and energy demand in India.
The largest IPO from the government at that time set the stage for the public listing of other state-owned entities.
Coal India has gained about 72% since its market debut.
($1 = 95.8875 Indian rupees)
(Reporting by Vivek Kumar M and Bharath Rajeswaran; Editing by Harikrishnan Nair)
(([email protected];))
Updates chart and closing levels throughout
By Vivek Kumar M and Bharath Rajeswaran
Sept 24 (Reuters) - National Stock Exchange of India NSEI.BO shares closed 1.8% higher on their trading debut on Thursday, after a $2.3 billion IPO, the country's second-biggest.
The stock listed on the BSE at 1,800 rupees ($18.77), a premium of less than 1% to its IPO price and rose as much as 5% during the session.
Here's a look at the debut market performance of companies after large IPOs of more than $1 billion.
HYUNDAI MOTOR INDIA
Hyundai Motor India's HYUN.NS shares fell more than 7% on their 2024 debut after the country's largest-ever IPO drew muted response from retail investors.
Concerns over a rich valuation and an industry slowdown weighed on sentiment. Its South Korean parent 005380.KS raised 278.7 billion rupees ($2.91 billion) by selling a 17.5% stake in a pure offer-for-sale, where existing investors sell their stakes.
As of Thursday's close, Hyundai Motor India has gained about 5% over IPO price.
LIFE INSURANCE CORPORATION OF INDIA
Life Insurance Corp of India LIFI.NS, India's biggest insurance company, slid nearly 8% in its 2022 debut, despite strong demand for what was then the country's largest IPO.
The government raised about 205 billion rupees by selling a 3.5% stake in the state-owned insurer, well below its initial target of up to $12 billion.
LIC traded at 406 rupees, reflecting an adjusted price level following a 1:1 bonus issue in May.
PAYTM
Digital-payments firm Paytm PAYT.NS suffered one of India's worst large-cap market debuts in 2021, plunging more than 27% after its $2.5 billion IPO.
It intensified concerns over aggressive valuations, particularly among loss-making technology companies.
Paytm is down about 19% since its debut.
TATA CAPITAL
Tata Capital TATC.NS gained a modest 1.4% on its debut in October 2025, as a crowded issuance calendar and limited valuation discount to listed peers curbed investor enthusiasm.
Its $1.75 billion IPO coincided with LG Electronics India's LGEL.NS $1.3 billion offering, which drew nearly $50 billion in bids.
Tata Capital is up around 3% since listing.
COAL INDIA
State-run Coal India COAL.NS, the world's biggest coal miner, surged 40% on its listing day in November 2010, as investors snapped up a stock that is a proxy for surging growth and energy demand in India.
The largest IPO from the government at that time set the stage for the public listing of other state-owned entities.
Coal India has gained about 72% since its market debut.
($1 = 95.8875 Indian rupees)
(Reporting by Vivek Kumar M and Bharath Rajeswaran; Editing by Harikrishnan Nair)
(([email protected];))
** Coal India COAL.NS shares rise 1.3% to 420.10 rupees; gained as much as 2.4%
** Morgan Stanley upgrades stock to "overweight" from "equal-weight"; hikes PT to 480 rupees from 420 rupees citing earnings upgrades ahead
** Says accelerating thermal power demand and sharply depleted power plant inventories should support Coal India's volume growth
** Brokerage expects e-auction premiums to expand as global thermal coal prices rise and industrial demand remains firm
** Says revised volume and e-auction assumptions drive a ~20% upgrade to FY27 EPS estimate, with an earnings upgrade cycle likely to support stock performance in coming months
** Avg rating of 24 analysts on stock at "buy"; median PT is 469 rupees - LSEG compiled data
** YTD, stock up ~6% vs Nifty 50's .NSEI 10.3% drop
(Reporting by Kashish Tandon in Bengaluru)
** Coal India COAL.NS shares rise 1.3% to 420.10 rupees; gained as much as 2.4%
** Morgan Stanley upgrades stock to "overweight" from "equal-weight"; hikes PT to 480 rupees from 420 rupees citing earnings upgrades ahead
** Says accelerating thermal power demand and sharply depleted power plant inventories should support Coal India's volume growth
** Brokerage expects e-auction premiums to expand as global thermal coal prices rise and industrial demand remains firm
** Says revised volume and e-auction assumptions drive a ~20% upgrade to FY27 EPS estimate, with an earnings upgrade cycle likely to support stock performance in coming months
** Avg rating of 24 analysts on stock at "buy"; median PT is 469 rupees - LSEG compiled data
** YTD, stock up ~6% vs Nifty 50's .NSEI 10.3% drop
(Reporting by Kashish Tandon in Bengaluru)
By Sethuraman N R
NEW DELHI, Sept 11 (Reuters) - Nearly a third of India's coal-fired power plants are operating with critically low fuel stocks despite government efforts to boost supplies, as an extended spell of hot weather keeps electricity demand elevated, government data showed.
India's peak power demand, a measure of the maximum electricity requirement, has been hovering near the record 270.70 gigawatts touched in May.
Demand has consistently reached around 267 GW over the past few days, driven by increased cooling needs amid an El Nino weather pattern.
The number of power plants with critical low coal stocks of less than 25% of the required inventory or only able to generate power for less than three days rose sharply to 59 as of September 9 from 45 at the end of August, data from the Central Electricity Authority showed.
"The increasing number of power plants with lower coal stocks is a concern," said Manoj Kumar, an analyst at the Centre for Research on Energy and Clean Air.
While clean energy, mainly solar power, is meeting much of the daytime electricity demand, insufficient battery storage and lower water reservoir levels are putting pressure on coal-fired generation, analysts said.
In the immediate term, India should increase coal supplies to utilities through the rail network to maintain normal stock levels, Kumar said.
India deployed 444 trains or rakes on September 6 to boost coal supplies to power plants, up from 370 on September 3.
Coal IndiaCOAL.NS and its subsidiaries have also increased coal shipments by road.
Coal India, the world's largest coal miner, said it continues to hold adequate stocks of about 76 million metric tons at its pitheads.
(Reporting by Sethuraman NR; editing by Nidhi Verma and Alexandra Hudson)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]/))
By Sethuraman N R
NEW DELHI, Sept 11 (Reuters) - Nearly a third of India's coal-fired power plants are operating with critically low fuel stocks despite government efforts to boost supplies, as an extended spell of hot weather keeps electricity demand elevated, government data showed.
India's peak power demand, a measure of the maximum electricity requirement, has been hovering near the record 270.70 gigawatts touched in May.
Demand has consistently reached around 267 GW over the past few days, driven by increased cooling needs amid an El Nino weather pattern.
The number of power plants with critical low coal stocks of less than 25% of the required inventory or only able to generate power for less than three days rose sharply to 59 as of September 9 from 45 at the end of August, data from the Central Electricity Authority showed.
"The increasing number of power plants with lower coal stocks is a concern," said Manoj Kumar, an analyst at the Centre for Research on Energy and Clean Air.
While clean energy, mainly solar power, is meeting much of the daytime electricity demand, insufficient battery storage and lower water reservoir levels are putting pressure on coal-fired generation, analysts said.
In the immediate term, India should increase coal supplies to utilities through the rail network to maintain normal stock levels, Kumar said.
India deployed 444 trains or rakes on September 6 to boost coal supplies to power plants, up from 370 on September 3.
Coal IndiaCOAL.NS and its subsidiaries have also increased coal shipments by road.
Coal India, the world's largest coal miner, said it continues to hold adequate stocks of about 76 million metric tons at its pitheads.
(Reporting by Sethuraman NR; editing by Nidhi Verma and Alexandra Hudson)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]/))
Sept 9 (Reuters) - Coal India Limited COAL.NS:
NCL PICKS UP PRODUCTION AND DISPATCH PACE AS MONSOON RECEDES
UNIT NORTHERN COALFIELDS SUPPLIES REACHED 55 MT TILL 8TH SEPT
IMPROVING TREND IN SEPTEMBER PROVIDES POSITIVE OUTLOOK FOR CIL’S PRODUCTION, DISPATCH
COAL SUPPLIES TO POWER PLANTS GRADUALLY MOVING TOWARDS PRE-MONSOON LEVELS
AVERAGE DAILY COAL PRODUCTION ROSE BY 40% TO 1.91 MT ON SEPT 8
PRODUCTION IMPROVEMENT ALSO DRIVING HIGHER DISPATCHES, WITH COAL SUPPLIES TO POWER SECTOR SHOWING UPTREND
Further company coverage: COAL.NS
(([email protected];))
Sept 9 (Reuters) - Coal India Limited COAL.NS:
NCL PICKS UP PRODUCTION AND DISPATCH PACE AS MONSOON RECEDES
UNIT NORTHERN COALFIELDS SUPPLIES REACHED 55 MT TILL 8TH SEPT
IMPROVING TREND IN SEPTEMBER PROVIDES POSITIVE OUTLOOK FOR CIL’S PRODUCTION, DISPATCH
COAL SUPPLIES TO POWER PLANTS GRADUALLY MOVING TOWARDS PRE-MONSOON LEVELS
AVERAGE DAILY COAL PRODUCTION ROSE BY 40% TO 1.91 MT ON SEPT 8
PRODUCTION IMPROVEMENT ALSO DRIVING HIGHER DISPATCHES, WITH COAL SUPPLIES TO POWER SECTOR SHOWING UPTREND
Further company coverage: COAL.NS
(([email protected];))
By Sethuraman N R
Sept 7 (Reuters) - India is increasing coal shipments by rail to power plants after fuel inventories at several generators fell to critically low levels, the coal ministry said on Monday.
The increase in rail shipments comes as the number of power plants holding less than 25% of required coal inventories has risen in recent weeks.
The number of plants with coal stocks below 25% of their required inventory or with critically low stocks to generate power for less than three days has risen sharply to 58 by September 5 from 46 at the end of August.
Of the affected plants, 53 are domestic coal-fired plants, according to data on the website of Central Electricity Authority, a think tank linked to the federal power ministry.
"The number of critical thermal plants is being closely monitored, with corrective coal supply measures already in place to further ease the position at these plants," the coal ministry said.
A surge in coal dispatches from state-run Coal India, its subsidiaries, and private mines has helped lift supplies, with loading rising every day since September 3, the government said.
Coal loading to power plants increased to 444 unit trains or rakes on September 6 from 370 on September 3, according to government data released on Monday.
Heavy rainfall in some of the key coal-rich Indian states, including Odisha, Jharkhand and Chhattisgarh, has hit mining and slowed the transportation of the fuel for power plants.
Coal accounts for about three-quarters of India's electricity generation, making uninterrupted fuel supplies crucial for maintaining grid reliability.
Coal India, the world's largest coal miner, said it continues to hold adequate stock of 76 million tons of coal at its pitheads.
(Reporting by Sethuraman NR; editing by Lincoln Feast.)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]/))
By Sethuraman N R
Sept 7 (Reuters) - India is increasing coal shipments by rail to power plants after fuel inventories at several generators fell to critically low levels, the coal ministry said on Monday.
The increase in rail shipments comes as the number of power plants holding less than 25% of required coal inventories has risen in recent weeks.
The number of plants with coal stocks below 25% of their required inventory or with critically low stocks to generate power for less than three days has risen sharply to 58 by September 5 from 46 at the end of August.
Of the affected plants, 53 are domestic coal-fired plants, according to data on the website of Central Electricity Authority, a think tank linked to the federal power ministry.
"The number of critical thermal plants is being closely monitored, with corrective coal supply measures already in place to further ease the position at these plants," the coal ministry said.
A surge in coal dispatches from state-run Coal India, its subsidiaries, and private mines has helped lift supplies, with loading rising every day since September 3, the government said.
Coal loading to power plants increased to 444 unit trains or rakes on September 6 from 370 on September 3, according to government data released on Monday.
Heavy rainfall in some of the key coal-rich Indian states, including Odisha, Jharkhand and Chhattisgarh, has hit mining and slowed the transportation of the fuel for power plants.
Coal accounts for about three-quarters of India's electricity generation, making uninterrupted fuel supplies crucial for maintaining grid reliability.
Coal India, the world's largest coal miner, said it continues to hold adequate stock of 76 million tons of coal at its pitheads.
(Reporting by Sethuraman NR; editing by Lincoln Feast.)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]/))
Coal India filed the draft red herring prospectus for the proposed initial public offering of Mahanadi Coalfields, its wholly owned subsidiary. The offer would comprise an Offer for Sale of up to 661,836,300 equity shares with a face value of ₹2 each held by Coal India. The proposed IPO remained subject to regulatory approvals, market conditions and other considerations. Mahanadi Coalfields is Coal India’s largest coal-producing subsidiary. Coal India reported revenue from operations of ₹1,68,400 crore and profit after tax of ₹31,071 crore for FY26.
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Coal India filed the draft red herring prospectus for the proposed initial public offering of Mahanadi Coalfields, its wholly owned subsidiary. The offer would comprise an Offer for Sale of up to 661,836,300 equity shares with a face value of ₹2 each held by Coal India. The proposed IPO remained subject to regulatory approvals, market conditions and other considerations. Mahanadi Coalfields is Coal India’s largest coal-producing subsidiary. Coal India reported revenue from operations of ₹1,68,400 crore and profit after tax of ₹31,071 crore for FY26.
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** Shares of Coal India COAL.NS rise 3.5% to 415.9 rupees, on course for best session since March 12
** Co's offtake rises 5.5% in August, production declines 5.7%
** Emkay Global ("add", PT: 475 rupees) says despite Apr-Aug production being ~60 million metric tons below target, healthy inventories, strong demand and post-monsoon recovery should help coal offtake catch up, supporting its FY27 estimate of 790 MT
** Higher e-auction premium for Aug should improve earnings visibility for Q2 - Emkay
** HSBC ("hold", PT: 440 rupees) says strong power demand, low hydro generation due weak monsoon should drive thermal generation; expects COAL to pay out additional one-time dividends from stake sales in units
** Avg rating of 24 analysts is "buy", median PT 469.5 rupees - data compiled by LSEG
** YTD, COAL up ~5%
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected]; +91 8697274436;))
** Shares of Coal India COAL.NS rise 3.5% to 415.9 rupees, on course for best session since March 12
** Co's offtake rises 5.5% in August, production declines 5.7%
** Emkay Global ("add", PT: 475 rupees) says despite Apr-Aug production being ~60 million metric tons below target, healthy inventories, strong demand and post-monsoon recovery should help coal offtake catch up, supporting its FY27 estimate of 790 MT
** Higher e-auction premium for Aug should improve earnings visibility for Q2 - Emkay
** HSBC ("hold", PT: 440 rupees) says strong power demand, low hydro generation due weak monsoon should drive thermal generation; expects COAL to pay out additional one-time dividends from stake sales in units
** Avg rating of 24 analysts is "buy", median PT 469.5 rupees - data compiled by LSEG
** YTD, COAL up ~5%
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected]; +91 8697274436;))
Sept 1 (Reuters) - Coal India Limited COAL.NS:
COAL INDIA - AUGUST 2026 COAL PRODUCTION OF 47.5 MILLION TONNES, DOWN 5.7% YOY
COAL INDIA - AUG OFFTAKE UP 5.5% Y/Y
Source text: ID:nBSE2T3kr1
Further company coverage: COAL.NS
(([email protected];;))
Sept 1 (Reuters) - Coal India Limited COAL.NS:
COAL INDIA - AUGUST 2026 COAL PRODUCTION OF 47.5 MILLION TONNES, DOWN 5.7% YOY
COAL INDIA - AUG OFFTAKE UP 5.5% Y/Y
Source text: ID:nBSE2T3kr1
Further company coverage: COAL.NS
(([email protected];;))
BENGALURU, Aug 31 (Reuters) - Diary of India economic, corporate events on August 31
ECONOMIC, CORPORATE .BSE500 EVENTS
RIC | Local Start Date | Local Time | Indicator Name | Period | Reuters Poll | Prior |
INFISC=ECI | 31 Aug 2026 | 15:30 | Fed Fiscal Deficit, INR | Jul | 3,078.33B | |
INGDPQ=ECI | 31 Aug 2026 | 16:00 | GDP Quarterly YY | Q1 | 7.1% | 7.8% |
Start Date | Start Time | RIC | Company Name | Event Name |
31-Aug-2026 | 11:00 | COAL.NS | Coal India Limited | Coal India Ltd Annual Shareholders Meeting |
31-Aug-2026 | 10:00 | FIVS.NS | Five-Star Business Finance Ltd | Five-Star Business Finance Ltd Extraordinary Shareholders Meeting |
31-Aug-2026 | 10:00 | FIVS.NS | Five-Star Business Finance Ltd | Five-Star Business Finance Ltd Annual Shareholders Meeting |
31-Aug-2026 | 11:00 | GILE.NS | Gillette India Ltd | Gillette India Ltd Annual Shareholders Meeting |
31-Aug-2026 | 14:00 | IDFB.NS | IDFC First Bank Ltd | IDFC First Bank Ltd Annual Shareholders Meeting |
31-Aug-2026 | 10:30 | IOC.NS | Indian Oil Corporation Limited | Indian Oil Corporation Ltd Annual Shareholders Meeting |
31-Aug-2026 | 10:30 | KPIE.NS | KPIT Technologies Ltd | KPIT Technologies Ltd Annual Shareholders Meeting |
31-Aug-2026 | 10:00 | MRTI.NS | Maruti Suzuki India Ltd | Maruti Suzuki India Ltd Annual Shareholders Meeting |
31-Aug-2026 | 15:30 | MUTT.NS | Muthoot Finance Ltd | Muthoot Finance Ltd Annual Shareholders Meeting |
31-Aug-2026 | 11:00 | NALU.NS | National Aluminium Co Ltd | National Aluminium Co Ltd Annual Shareholders Meeting |
31-Aug-2026 | 14:30 | NUVO.NS | Nuvoco Vistas Corporation Ltd | Nuvoco Vistas Corporation Ltd Annual Shareholders Meeting |
31-Aug-2026 | 11:00 | ONGC.NS | Oil and Natural Gas Corporation Ltd | Oil and Natural Gas Corporation Ltd Annual Shareholders Meeting |
31-Aug-2026 | 11:00 | PWFC.NS | Power Finance Corporation Ltd | Power Finance Corporation Ltd Annual Shareholders Meeting |
31-Aug-2026 | 11:00 | SBIC.NS | SBI Cards and Payment Services Ltd | SBI Cards and Payment Services Ltd Annual Shareholders Meeting |
31-Aug-2026 | 15:00 | SJVN.NS | SJVN Ltd | SJVN Ltd Annual Shareholders Meeting |
(Compiled by Bengaluru Newsroom)
BENGALURU, Aug 31 (Reuters) - Diary of India economic, corporate events on August 31
ECONOMIC, CORPORATE .BSE500 EVENTS
RIC | Local Start Date | Local Time | Indicator Name | Period | Reuters Poll | Prior |
INFISC=ECI | 31 Aug 2026 | 15:30 | Fed Fiscal Deficit, INR | Jul | 3,078.33B | |
INGDPQ=ECI | 31 Aug 2026 | 16:00 | GDP Quarterly YY | Q1 | 7.1% | 7.8% |
Start Date | Start Time | RIC | Company Name | Event Name |
31-Aug-2026 | 11:00 | COAL.NS | Coal India Limited | Coal India Ltd Annual Shareholders Meeting |
31-Aug-2026 | 10:00 | FIVS.NS | Five-Star Business Finance Ltd | Five-Star Business Finance Ltd Extraordinary Shareholders Meeting |
31-Aug-2026 | 10:00 | FIVS.NS | Five-Star Business Finance Ltd | Five-Star Business Finance Ltd Annual Shareholders Meeting |
31-Aug-2026 | 11:00 | GILE.NS | Gillette India Ltd | Gillette India Ltd Annual Shareholders Meeting |
31-Aug-2026 | 14:00 | IDFB.NS | IDFC First Bank Ltd | IDFC First Bank Ltd Annual Shareholders Meeting |
31-Aug-2026 | 10:30 | IOC.NS | Indian Oil Corporation Limited | Indian Oil Corporation Ltd Annual Shareholders Meeting |
31-Aug-2026 | 10:30 | KPIE.NS | KPIT Technologies Ltd | KPIT Technologies Ltd Annual Shareholders Meeting |
31-Aug-2026 | 10:00 | MRTI.NS | Maruti Suzuki India Ltd | Maruti Suzuki India Ltd Annual Shareholders Meeting |
31-Aug-2026 | 15:30 | MUTT.NS | Muthoot Finance Ltd | Muthoot Finance Ltd Annual Shareholders Meeting |
31-Aug-2026 | 11:00 | NALU.NS | National Aluminium Co Ltd | National Aluminium Co Ltd Annual Shareholders Meeting |
31-Aug-2026 | 14:30 | NUVO.NS | Nuvoco Vistas Corporation Ltd | Nuvoco Vistas Corporation Ltd Annual Shareholders Meeting |
31-Aug-2026 | 11:00 | ONGC.NS | Oil and Natural Gas Corporation Ltd | Oil and Natural Gas Corporation Ltd Annual Shareholders Meeting |
31-Aug-2026 | 11:00 | PWFC.NS | Power Finance Corporation Ltd | Power Finance Corporation Ltd Annual Shareholders Meeting |
31-Aug-2026 | 11:00 | SBIC.NS | SBI Cards and Payment Services Ltd | SBI Cards and Payment Services Ltd Annual Shareholders Meeting |
31-Aug-2026 | 15:00 | SJVN.NS | SJVN Ltd | SJVN Ltd Annual Shareholders Meeting |
(Compiled by Bengaluru Newsroom)
By Sethuraman N R
NEW DELHI, Aug 27 (Reuters) - Forty five power plants in India are operating with critically low coal inventories, government data showed, as monsoon rains disrupt supplies and electricity demand rises amid hotter-than-usual weather linked to El Nino.
The number of plants with coal stocks below 25% of their required inventory or with critically low stocks to generate power for less than three days has risen sharply from 31 at the end of July, the data as of August 25 showed.
Of the affected plants, 40 are domestic coal-fired plants, according to data on the website of Central Electricity Authority, a think tank linked to the federal power ministry.
Heavy rainfall in some of the key coal-rich Indian states, including Odisha, Jharkhand and Chhattisgarh has hit mining and slowed the transportation of the fuel for power plants, industry sources said.
"There has been a significant (inventory) drawdown, particularly through August, resulting in stocks falling 19% from end-July levels," commodities consultancy BigMint said.
Coal stocks at power plants stood at 30.95 million tons, equivalent to around 10 days of operational requirement, compared with 12 in July, BigMint said.
The lower coal stocks come at a time when the South Asian country is headed for its weakest monsoon since 2009, with uneven El Nino-linked rainfall driving up electricity demand in parts of the country.
"The uneven monsoon has driven power demand, primarily for air-conditioning. But coal supplies are running hand-to-mouth," an official at the country's largest thermal power producer, NTPC NTPC.NS told Reuters.
"There is a need for five to six rakes at some plants, but we are receiving only half that number," the NTPC official said.
India has received 12% less rainfall than normal so far this monsoon season, leading to greater reliance on coal-fired power generation, particularly during the night when cooling demand remains elevated.
As a result, the power ministry has asked some of the coal-fired power plants to delay planned maintenance of units until the supply situation becomes clearer, a senior ministry official said.
The sources could not be named because they were not authorised to speak to the media.
(Reporting by Sethuraman NR; Editing by Nidhi Verma and Alexandra Hudson)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
By Sethuraman N R
NEW DELHI, Aug 27 (Reuters) - Forty five power plants in India are operating with critically low coal inventories, government data showed, as monsoon rains disrupt supplies and electricity demand rises amid hotter-than-usual weather linked to El Nino.
The number of plants with coal stocks below 25% of their required inventory or with critically low stocks to generate power for less than three days has risen sharply from 31 at the end of July, the data as of August 25 showed.
Of the affected plants, 40 are domestic coal-fired plants, according to data on the website of Central Electricity Authority, a think tank linked to the federal power ministry.
Heavy rainfall in some of the key coal-rich Indian states, including Odisha, Jharkhand and Chhattisgarh has hit mining and slowed the transportation of the fuel for power plants, industry sources said.
"There has been a significant (inventory) drawdown, particularly through August, resulting in stocks falling 19% from end-July levels," commodities consultancy BigMint said.
Coal stocks at power plants stood at 30.95 million tons, equivalent to around 10 days of operational requirement, compared with 12 in July, BigMint said.
The lower coal stocks come at a time when the South Asian country is headed for its weakest monsoon since 2009, with uneven El Nino-linked rainfall driving up electricity demand in parts of the country.
"The uneven monsoon has driven power demand, primarily for air-conditioning. But coal supplies are running hand-to-mouth," an official at the country's largest thermal power producer, NTPC NTPC.NS told Reuters.
"There is a need for five to six rakes at some plants, but we are receiving only half that number," the NTPC official said.
India has received 12% less rainfall than normal so far this monsoon season, leading to greater reliance on coal-fired power generation, particularly during the night when cooling demand remains elevated.
As a result, the power ministry has asked some of the coal-fired power plants to delay planned maintenance of units until the supply situation becomes clearer, a senior ministry official said.
The sources could not be named because they were not authorised to speak to the media.
(Reporting by Sethuraman NR; Editing by Nidhi Verma and Alexandra Hudson)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
By Sethuraman N R and Neha Arora
NEW DELHI, Aug 20 (Reuters) - The world's largest coal producer, Coal India Ltd COAL.NS, is setting up its first overseas trading office in Singapore, aiming to diversify into trading iron ore and critical and strategic minerals, two sources said.
The move comes as Indian state-run companies step up efforts to secure overseas supplies of critical minerals such as lithium and bauxite in order to reduce dependence on China, though such efforts have so far borne little fruit.
Coal India has applied with Singapore authorities to register the office, which will also support efforts to acquire mineral assets overseas, said the sources involved in the discussions, who sought anonymity as the talks are not public.
The Singapore office will help Coal India expand its critical minerals business, pursue overseas asset acquisitions and support its iron ore business, one source said.
Coal India did not immediately respond to a request for comment.
EYEING OPPORTUNITIES IN AFRICA, CHILE AND CANADA
Coal India is evaluating opportunities in several mineral-rich regions, including bauxite assets in Ghana and other parts of Africa, the source said, adding that the miner was also looking at rare earth minerals.
For lithium, the miner is focusing on Chile while also evaluating opportunities in Canada and Australia for other critical mineral assets, though opportunities are at a preliminary stage, the second source said.
The company has already begun diversifying into other mineral sectors. This month it won an iron ore block in the eastern state of Odisha through a competitive auction, marking its entry into iron ore mining.
Last week, Reuters reported that Coal India was considering acquiring a unit of Canada's Wealth Minerals with lithium mining assets in Chile, providing potential access to a key battery metal used in electric vehicles and energy storage systems.
Despite a push to acquire strategic mineral resources abroad to support its clean energy ambitions and manufacturing growth, India has had limited success.
So far, it has signed only one overseas lithium exploration and mining pact, covering five blocks in Argentina, in 2024.
(Reporting by Sethuraman NR and Neha Arora; Editing by Mayank Bhardwaj and Clarence Fernandez)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
By Sethuraman N R and Neha Arora
NEW DELHI, Aug 20 (Reuters) - The world's largest coal producer, Coal India Ltd COAL.NS, is setting up its first overseas trading office in Singapore, aiming to diversify into trading iron ore and critical and strategic minerals, two sources said.
The move comes as Indian state-run companies step up efforts to secure overseas supplies of critical minerals such as lithium and bauxite in order to reduce dependence on China, though such efforts have so far borne little fruit.
Coal India has applied with Singapore authorities to register the office, which will also support efforts to acquire mineral assets overseas, said the sources involved in the discussions, who sought anonymity as the talks are not public.
The Singapore office will help Coal India expand its critical minerals business, pursue overseas asset acquisitions and support its iron ore business, one source said.
Coal India did not immediately respond to a request for comment.
EYEING OPPORTUNITIES IN AFRICA, CHILE AND CANADA
Coal India is evaluating opportunities in several mineral-rich regions, including bauxite assets in Ghana and other parts of Africa, the source said, adding that the miner was also looking at rare earth minerals.
For lithium, the miner is focusing on Chile while also evaluating opportunities in Canada and Australia for other critical mineral assets, though opportunities are at a preliminary stage, the second source said.
The company has already begun diversifying into other mineral sectors. This month it won an iron ore block in the eastern state of Odisha through a competitive auction, marking its entry into iron ore mining.
Last week, Reuters reported that Coal India was considering acquiring a unit of Canada's Wealth Minerals with lithium mining assets in Chile, providing potential access to a key battery metal used in electric vehicles and energy storage systems.
Despite a push to acquire strategic mineral resources abroad to support its clean energy ambitions and manufacturing growth, India has had limited success.
So far, it has signed only one overseas lithium exploration and mining pact, covering five blocks in Argentina, in 2024.
(Reporting by Sethuraman NR and Neha Arora; Editing by Mayank Bhardwaj and Clarence Fernandez)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
NEW DELHI, Aug 17 (Reuters) - India's state-owned Khanij Bidesh India Limited (KABIL) is expected to start lithium extraction in Argentina in the next four to five years after completing project feasibility, a parliamentary panel report on its operations said.
In 2024, KABIL signed a 2 billion-rupee ($20.92 million) lithium exploration pact for five blocks in Argentina.
The government of Catamarca in Argentina has offered seven additional greenfield lithium brine blocks under the existing agreement, which KABIL is evaluating, according to the report.
KABIL is in the process of signing a preliminary agreement with the Ministry of Production and Mining of the Province of Salta, Argentina and Energy and Mining Resources Salta SA to collaborate on lithium projects in Salta.
Discussions are also underway for obtaining two greenfield lithium brine projects in Jujuy province.
Two additional projects are being evaluated by KABIL and Oil India and KABIL and Indian Oil Corp.
KABIL flagged delays in Argentina because of lack of expertise in handling lithium brine deposits.
In Australia, KABIL, along with Oil India, Coal India and NLC India was evaluating two lithium projects.
The panel confirmed a Reuters report that KABIL's lithium project in Mali with Uranium One Group, a subsidiary of Rosatom, was kept on hold due to "recent socio-political instability".
KABIL is also in talks with Malawi Mining Investment Company for critical mineral projects in Malawi.
KABIL is evaluating investment opportunities in Brazil, Canada, Russia, Indonesia, among others and looking at rare earths.
The panel observed "limited progress" in securing overseas mineral assets and "prolonged timelines" in moving from negotiations to actual acquisition and production.
($1 = 95.6125 Indian rupees)
(Reporting by Rajesh Kr. Singh and Neha Arora; editing by Alexandra Hudson)
(([email protected]; X: neha_5;))
NEW DELHI, Aug 17 (Reuters) - India's state-owned Khanij Bidesh India Limited (KABIL) is expected to start lithium extraction in Argentina in the next four to five years after completing project feasibility, a parliamentary panel report on its operations said.
In 2024, KABIL signed a 2 billion-rupee ($20.92 million) lithium exploration pact for five blocks in Argentina.
The government of Catamarca in Argentina has offered seven additional greenfield lithium brine blocks under the existing agreement, which KABIL is evaluating, according to the report.
KABIL is in the process of signing a preliminary agreement with the Ministry of Production and Mining of the Province of Salta, Argentina and Energy and Mining Resources Salta SA to collaborate on lithium projects in Salta.
Discussions are also underway for obtaining two greenfield lithium brine projects in Jujuy province.
Two additional projects are being evaluated by KABIL and Oil India and KABIL and Indian Oil Corp.
KABIL flagged delays in Argentina because of lack of expertise in handling lithium brine deposits.
In Australia, KABIL, along with Oil India, Coal India and NLC India was evaluating two lithium projects.
The panel confirmed a Reuters report that KABIL's lithium project in Mali with Uranium One Group, a subsidiary of Rosatom, was kept on hold due to "recent socio-political instability".
KABIL is also in talks with Malawi Mining Investment Company for critical mineral projects in Malawi.
KABIL is evaluating investment opportunities in Brazil, Canada, Russia, Indonesia, among others and looking at rare earths.
The panel observed "limited progress" in securing overseas mineral assets and "prolonged timelines" in moving from negotiations to actual acquisition and production.
($1 = 95.6125 Indian rupees)
(Reporting by Rajesh Kr. Singh and Neha Arora; editing by Alexandra Hudson)
(([email protected]; X: neha_5;))
NEW DELHI, Aug 13 (Reuters) - India nearly doubled its planned coal mining capacity in 2025, fuelling a global rise in proposed coal mine developments, a report by Global Energy Monitor showed.
India's proposed coal mine capacity rose to 638 million metric tons per annum (mtpa) from 329 mtpa a year earlier, accounting for almost all of the growth in the global coal project pipeline, which expanded 11% to 2,521 mtpa.
The increase highlights New Delhi's efforts to boost domestic coal production to meet rising power demand, even as renewable energy capacity expands rapidly and analysts expect global coal demand growth to slow.
The increase in planned capacity comes despite International Energy Agency forecasts that global coal demand will plateau by 2030. Wind and solar overtook coal in the global electricity mix for the first time in 2025, the U.S.-based energy research group said.
Most of India's proposed new capacity is concentrated in the eastern states of Jharkhand and Odisha, as the government targets coal production of nearly 1.15 billion metric tons in fiscal 2025/26 and 1.5 billion tons by 2030.
However, the rapid growth in planned mining capacity could leave producers exposed if coal demand weakens faster than expected, the report said.
While coal mine proposals increased, new capacity additions fell nearly 40% in 2025 to 113 mtpa, driven by declines in China and Australia, the report said.
(Reporting by Sethuraman NR. Eiting by Mark Potter)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
NEW DELHI, Aug 13 (Reuters) - India nearly doubled its planned coal mining capacity in 2025, fuelling a global rise in proposed coal mine developments, a report by Global Energy Monitor showed.
India's proposed coal mine capacity rose to 638 million metric tons per annum (mtpa) from 329 mtpa a year earlier, accounting for almost all of the growth in the global coal project pipeline, which expanded 11% to 2,521 mtpa.
The increase highlights New Delhi's efforts to boost domestic coal production to meet rising power demand, even as renewable energy capacity expands rapidly and analysts expect global coal demand growth to slow.
The increase in planned capacity comes despite International Energy Agency forecasts that global coal demand will plateau by 2030. Wind and solar overtook coal in the global electricity mix for the first time in 2025, the U.S.-based energy research group said.
Most of India's proposed new capacity is concentrated in the eastern states of Jharkhand and Odisha, as the government targets coal production of nearly 1.15 billion metric tons in fiscal 2025/26 and 1.5 billion tons by 2030.
However, the rapid growth in planned mining capacity could leave producers exposed if coal demand weakens faster than expected, the report said.
While coal mine proposals increased, new capacity additions fell nearly 40% in 2025 to 113 mtpa, driven by declines in China and Australia, the report said.
(Reporting by Sethuraman NR. Eiting by Mark Potter)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
Aug 12 (Reuters) - Coal India Limited COAL.NS:
NON-BINDING MEMORANDUM OF UNDERSTANDING (MOU) BETWEEN COAL INDIA LIMITED AND ARCELORMITTAL NIPPON STEEL INDIA
MOU FOR EXPLORING POSSIBILITY OF UTILIZING SYN-GAS PRODUCED FROM A COAL GASIFICATION FACILITY
FACILITY PROPOSED TO BE ESTABLISHED BY CO ADJACENT TO ARCELORMITTAL NIPPON'S PARADIP PELLET PLANT
Source text: ID:nnAZN4TDI4B
Further company coverage: COAL.NS
(([email protected];;))
Aug 12 (Reuters) - Coal India Limited COAL.NS:
NON-BINDING MEMORANDUM OF UNDERSTANDING (MOU) BETWEEN COAL INDIA LIMITED AND ARCELORMITTAL NIPPON STEEL INDIA
MOU FOR EXPLORING POSSIBILITY OF UTILIZING SYN-GAS PRODUCED FROM A COAL GASIFICATION FACILITY
FACILITY PROPOSED TO BE ESTABLISHED BY CO ADJACENT TO ARCELORMITTAL NIPPON'S PARADIP PELLET PLANT
Source text: ID:nnAZN4TDI4B
Further company coverage: COAL.NS
(([email protected];;))
Aug 11 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:
SOUTH WEST PINNACLE EXPLORATION LTD - GETS LOA FOR 66.4 MILLION RUPEES FROM COAL INDIA UNIT
Source text: ID:nnAZN4TD6CX
Further company coverage: SWPI.NS
(([email protected];;))
Aug 11 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:
SOUTH WEST PINNACLE EXPLORATION LTD - GETS LOA FOR 66.4 MILLION RUPEES FROM COAL INDIA UNIT
Source text: ID:nnAZN4TD6CX
Further company coverage: SWPI.NS
(([email protected];;))
By Neha Arora
NEW DELHI, Aug 10 (Reuters) - State-run Hindustan Copper HCPR.NS plans to sell copper concentrate produced by mines it is acquiring from Chile's Codelco to Hindalco HALC.NS and Adani, aiming to meet India's growing appetite for the red metal, two sources familiar with the matter said.
It is also in talks to form a joint venture with state-run Codelco to mine and sell copper, three sources said, declining to be identified as the deliberations were confidential.
Hindustan Copper, Coal India COAL.NS and NTPC Mining are in discussions to secure four copper mining blocks from Codelco, India's mines secretary said in April.
Last year, Hindustan Copper signed a preliminary agreement with Codelco about looking at mutually beneficial opportunities in exploration and mining. In May this year, it signed a non-disclosure agreement with Codelco and appointed a deal advisor.
It did not respond to a Reuters request for comment. It has previously denied that it is in talks about a joint venture.
Codelco, NTPC Mining and Coal India also did not immediately respond to a Reuters request for comment.
India, the world's second-biggest refined copper importer, may have to import 91% to 97% of its copper concentrates by 2047, the government has said.
Hindalco, an Aditya Birla Group-owned firm, is one of India's biggest aluminium and copper producers. The Adani conglomerate runs Kutch Copper, a $1.2 billion smelter in the western state of Gujarat that it says is the world's biggest single-location plant of its type.
According to two of the sources, due diligence is ongoing and Hindustan Copper is open to having partners for the JV such as Coal India and NTPC Mining.
Early this year, a technical team from Hindustan Copper and executives from NTPC Mining and Coal India visited Chile, the sources said, adding that it would still take a decade before mining could begin and concentrate is produced.
India plans to include a chapter on copper in free trade pact talks with Chile to secure a fixed quantity of copper concentrate, the government said last year.
India produces an estimated 573,000 metric tons of refined copper annually but demand is much greater at around 1.8 million tons.
(Reporting by Neha Arora; Editing by Edwina Gibbs)
(([email protected]; X: neha_5;))
By Neha Arora
NEW DELHI, Aug 10 (Reuters) - State-run Hindustan Copper HCPR.NS plans to sell copper concentrate produced by mines it is acquiring from Chile's Codelco to Hindalco HALC.NS and Adani, aiming to meet India's growing appetite for the red metal, two sources familiar with the matter said.
It is also in talks to form a joint venture with state-run Codelco to mine and sell copper, three sources said, declining to be identified as the deliberations were confidential.
Hindustan Copper, Coal India COAL.NS and NTPC Mining are in discussions to secure four copper mining blocks from Codelco, India's mines secretary said in April.
Last year, Hindustan Copper signed a preliminary agreement with Codelco about looking at mutually beneficial opportunities in exploration and mining. In May this year, it signed a non-disclosure agreement with Codelco and appointed a deal advisor.
It did not respond to a Reuters request for comment. It has previously denied that it is in talks about a joint venture.
Codelco, NTPC Mining and Coal India also did not immediately respond to a Reuters request for comment.
India, the world's second-biggest refined copper importer, may have to import 91% to 97% of its copper concentrates by 2047, the government has said.
Hindalco, an Aditya Birla Group-owned firm, is one of India's biggest aluminium and copper producers. The Adani conglomerate runs Kutch Copper, a $1.2 billion smelter in the western state of Gujarat that it says is the world's biggest single-location plant of its type.
According to two of the sources, due diligence is ongoing and Hindustan Copper is open to having partners for the JV such as Coal India and NTPC Mining.
Early this year, a technical team from Hindustan Copper and executives from NTPC Mining and Coal India visited Chile, the sources said, adding that it would still take a decade before mining could begin and concentrate is produced.
India plans to include a chapter on copper in free trade pact talks with Chile to secure a fixed quantity of copper concentrate, the government said last year.
India produces an estimated 573,000 metric tons of refined copper annually but demand is much greater at around 1.8 million tons.
(Reporting by Neha Arora; Editing by Edwina Gibbs)
(([email protected]; X: neha_5;))
Iran war has driven up India's fertiliser import costs and fuel subsidies
Analysts worry government may miss fiscal deficit target
$3.3 billion LIC share sale is latest divestment success
Sale of IDBI Bank stake could add $2.5 billion to state coffers, source says
Dividend receipts already above annual target
By Nikunj Ohri
NEW DELHI, Aug 7 (Reuters) - India expects to exceed this fiscal year's goal of raising 800 billion rupees ($8.4 billion) through the sale of stakes in state-run firms and other asset monetisation methods, government sources said, helping public finances strained by the Middle East conflict.
The U.S.-Israeli war on Iran has driven up fertiliser import costs and fuel subsidies, sparking concern that the government could fall short of its budget goals. India has often missed its target for divestments and asset monetisation in recent years.
The government this week completed the sale of shares worth 315.5 billion rupees ($3.3 billion) in state-owned Life Insurance Corporation (LIC), its biggest divestment in years. Combined with sales of shares in firms such as Coal India and Indian Railway Finance Corp, more than $5.5 billion has been raised to date.
According to one of the sources, the long-delayed sale of the government's stake in IDBI Bank should also conclude this fiscal year, potentially adding $2.5 billion to state coffers.
Moreover, Finance Minister Nirmala Sitharaman has given quarterly targets to the ministry's divestment department to boost stake-sale receipts, the second source said.
The sources were not authorised to speak to media and declined to be identified. India's finance ministry did not respond to a request for comment.
The government launched an ambitious privatisation drive in 2021, but progress has been slower than initially envisaged, with only a handful of strategic sales completed.
Officials have increasingly relied on sales of smaller stakes in listed state-run companies, which are easier to execute and carry lower political and regulatory risk, the first source said.
FISCAL PRESSURES
Increased oil import costs for India, the world's third-largest crude importer, have raised concerns about a possible widening of the fiscal deficit and current account gap.
The government is targeting a fiscal deficit of 4.3% of GDP this fiscal year. But a 37% jump in subsidy spending for the April-June first quarter from the same period a year earlier has led some analysts to warn that the government will fail to meet its goal.
Overall government expenditure for the quarter rose 11%, government data shows.
The government may need additional measures to meet its deficit target, said N.R. Bhanumurthy, director of the Madras School of Economics.
"Compared with previous years, the rise in divestment receipts is a positive trend. However, the government will need to mobilise more revenue this year, as fuel tax cuts alone have cost the exchequer more than 1 trillion rupees," he said.
Sitharaman said last month there were no immediate plans to revise budget estimates.
DIVIDEND BOOST
Dividends received by the government from the Reserve Bank of India, state-run banks and financial institutions have already hit 3.24 trillion rupees for April 1 to August 5, exceeding the 3.16 trillion rupees initially expected for the whole of this fiscal year.
The RBI contributed a record 2.87 trillion rupees. The government expects non-financial state-run companies to pay 750 billion rupees in dividends this fiscal year. It has received 25.5 billion rupees so far.
There have been no major asset monetisation announcements yet. Asset monetisation can include selling land or creating infrastructure investment trusts that hold government-owned infrastructure assets.
($1 = 95.1650 Indian rupees)
(Reporting by Nikunj Ohri; Editing by Ira Dugal and Edwina Gibbs)
(([email protected]; +91 90284 60730; Reuters Messaging: twitter.com/nikunj_ohri))
Iran war has driven up India's fertiliser import costs and fuel subsidies
Analysts worry government may miss fiscal deficit target
$3.3 billion LIC share sale is latest divestment success
Sale of IDBI Bank stake could add $2.5 billion to state coffers, source says
Dividend receipts already above annual target
By Nikunj Ohri
NEW DELHI, Aug 7 (Reuters) - India expects to exceed this fiscal year's goal of raising 800 billion rupees ($8.4 billion) through the sale of stakes in state-run firms and other asset monetisation methods, government sources said, helping public finances strained by the Middle East conflict.
The U.S.-Israeli war on Iran has driven up fertiliser import costs and fuel subsidies, sparking concern that the government could fall short of its budget goals. India has often missed its target for divestments and asset monetisation in recent years.
The government this week completed the sale of shares worth 315.5 billion rupees ($3.3 billion) in state-owned Life Insurance Corporation (LIC), its biggest divestment in years. Combined with sales of shares in firms such as Coal India and Indian Railway Finance Corp, more than $5.5 billion has been raised to date.
According to one of the sources, the long-delayed sale of the government's stake in IDBI Bank should also conclude this fiscal year, potentially adding $2.5 billion to state coffers.
Moreover, Finance Minister Nirmala Sitharaman has given quarterly targets to the ministry's divestment department to boost stake-sale receipts, the second source said.
The sources were not authorised to speak to media and declined to be identified. India's finance ministry did not respond to a request for comment.
The government launched an ambitious privatisation drive in 2021, but progress has been slower than initially envisaged, with only a handful of strategic sales completed.
Officials have increasingly relied on sales of smaller stakes in listed state-run companies, which are easier to execute and carry lower political and regulatory risk, the first source said.
FISCAL PRESSURES
Increased oil import costs for India, the world's third-largest crude importer, have raised concerns about a possible widening of the fiscal deficit and current account gap.
The government is targeting a fiscal deficit of 4.3% of GDP this fiscal year. But a 37% jump in subsidy spending for the April-June first quarter from the same period a year earlier has led some analysts to warn that the government will fail to meet its goal.
Overall government expenditure for the quarter rose 11%, government data shows.
The government may need additional measures to meet its deficit target, said N.R. Bhanumurthy, director of the Madras School of Economics.
"Compared with previous years, the rise in divestment receipts is a positive trend. However, the government will need to mobilise more revenue this year, as fuel tax cuts alone have cost the exchequer more than 1 trillion rupees," he said.
Sitharaman said last month there were no immediate plans to revise budget estimates.
DIVIDEND BOOST
Dividends received by the government from the Reserve Bank of India, state-run banks and financial institutions have already hit 3.24 trillion rupees for April 1 to August 5, exceeding the 3.16 trillion rupees initially expected for the whole of this fiscal year.
The RBI contributed a record 2.87 trillion rupees. The government expects non-financial state-run companies to pay 750 billion rupees in dividends this fiscal year. It has received 25.5 billion rupees so far.
There have been no major asset monetisation announcements yet. Asset monetisation can include selling land or creating infrastructure investment trusts that hold government-owned infrastructure assets.
($1 = 95.1650 Indian rupees)
(Reporting by Nikunj Ohri; Editing by Ira Dugal and Edwina Gibbs)
(([email protected]; +91 90284 60730; Reuters Messaging: twitter.com/nikunj_ohri))
Adds details from exchange filing in paragraphs 2 and 3
Aug 6 (Reuters) - Coal India COAL.NS said on Thursday that it won the Gadadharpur iron ore block in the eastern state of Odisha through a competitive auction.
This marks the state-run miner's entry into iron ore mining, according to commodities consultancy BigMint.
The block contains 288 million tonnes of resources, the company said in an exchange filing. Coal India will pay the Odisha government a premium equivalent to 114.05% of the value of minerals dispatched from the block.
Odisha is the top iron ore producing state and rising output is expected to support planned steelmaking capacity additions, as well as infrastructure and construction demand.
India, the world's second-largest crude steel producer after China, is expected to produce 340 million to 345 million metric tons of iron ore in 2026-27, up from about 316 million tons a year earlier, per BigMint.
(Reporting by Jatindra Dash in Bhubaneswar and Mridula Kumar in Bengaluru; Editing by Nivedita Bhattacharjee and Sonia Cheema)
Adds details from exchange filing in paragraphs 2 and 3
Aug 6 (Reuters) - Coal India COAL.NS said on Thursday that it won the Gadadharpur iron ore block in the eastern state of Odisha through a competitive auction.
This marks the state-run miner's entry into iron ore mining, according to commodities consultancy BigMint.
The block contains 288 million tonnes of resources, the company said in an exchange filing. Coal India will pay the Odisha government a premium equivalent to 114.05% of the value of minerals dispatched from the block.
Odisha is the top iron ore producing state and rising output is expected to support planned steelmaking capacity additions, as well as infrastructure and construction demand.
India, the world's second-largest crude steel producer after China, is expected to produce 340 million to 345 million metric tons of iron ore in 2026-27, up from about 316 million tons a year earlier, per BigMint.
(Reporting by Jatindra Dash in Bhubaneswar and Mridula Kumar in Bengaluru; Editing by Nivedita Bhattacharjee and Sonia Cheema)
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
By Shritama Bose
MUMBAI, Aug 5 (Reuters Breakingviews) - India's toughest fiscal challenge in years will bring out New Delhi's dealmaking side. The government is raising 314 billion rupees, or $3.3 billion, by trimming its stake in Life Insurance Corporation LIFI.NS. The proceeds will help shore up the war-battered public balance sheet and inspire similar sales.
New Delhi is offering up to a 6.5% stake in LIC to institutions and retail investors at 382 rupees a share. The deal values the country's largest life insurer by premiums at an 11% discount to the stock's last-traded price, which isn't too steep considering volatile market conditions and fierce competition in the sector.
The latest divestment is part of a government push to raise 800 billion rupees in capital for the fiscal year ending March 2027. Along with share sales in other companies like $27 billion miner Coal India COAL.NS and hydropower producer NHPC NHPC.NS, combined proceeds are on track to top 526 billion rupees, roughly two-thirds of the 12-month goal.
As war rages on in the Middle East, that will offer some fiscal cushion to Prime Minister Narendra Modi's government, which is grappling with rising oil prices. Revenue collections have turned lacklustre too, after cuts to indirect tax rates. Concern that his administration will breach a fiscal deficit target of 4.3% of GDP for the current year is mounting. Higher fertiliser subsidies and debt servicing costs may ultimately widen the deficit by an additional 0.3% of GDP, analysts at ANZ warn.
That risk should prompt officials to accelerate deals. Last year, Goldman Sachs was hired to manage stake sales in four state-owned lenders, including narrowly held UCO Bank UCBK.NS and Punjab and Sind Bank. The government could also revive the process to find a new owner for LIC-backed IDBI Bank IDBI.NS, which received fresh bids from Canada's Fairfax and Abu Dhabi's Emirates NBD last month, per a Reuters report citing sources.
Fiscal pressure will force New Delhi to be more aggressive and creative.
Follow Shritama Bose on LinkedIn and X.
CONTEXT NEWS
The government of India on August 4 launched an offer for up to 822 million of its shares in Life Insurance Corporation, representing an up to 6.5% stake in the insurer.
The offer priced at 382 rupees ($4.01) per share, an 11% discount to their last-traded price, opened for bidding by institutions on August 4 and will accept retail subscriptions on August 5.
(Editing by Robyn Mak; Production by Ujjaini Dutta)
((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
By Shritama Bose
MUMBAI, Aug 5 (Reuters Breakingviews) - India's toughest fiscal challenge in years will bring out New Delhi's dealmaking side. The government is raising 314 billion rupees, or $3.3 billion, by trimming its stake in Life Insurance Corporation LIFI.NS. The proceeds will help shore up the war-battered public balance sheet and inspire similar sales.
New Delhi is offering up to a 6.5% stake in LIC to institutions and retail investors at 382 rupees a share. The deal values the country's largest life insurer by premiums at an 11% discount to the stock's last-traded price, which isn't too steep considering volatile market conditions and fierce competition in the sector.
The latest divestment is part of a government push to raise 800 billion rupees in capital for the fiscal year ending March 2027. Along with share sales in other companies like $27 billion miner Coal India COAL.NS and hydropower producer NHPC NHPC.NS, combined proceeds are on track to top 526 billion rupees, roughly two-thirds of the 12-month goal.
As war rages on in the Middle East, that will offer some fiscal cushion to Prime Minister Narendra Modi's government, which is grappling with rising oil prices. Revenue collections have turned lacklustre too, after cuts to indirect tax rates. Concern that his administration will breach a fiscal deficit target of 4.3% of GDP for the current year is mounting. Higher fertiliser subsidies and debt servicing costs may ultimately widen the deficit by an additional 0.3% of GDP, analysts at ANZ warn.
That risk should prompt officials to accelerate deals. Last year, Goldman Sachs was hired to manage stake sales in four state-owned lenders, including narrowly held UCO Bank UCBK.NS and Punjab and Sind Bank. The government could also revive the process to find a new owner for LIC-backed IDBI Bank IDBI.NS, which received fresh bids from Canada's Fairfax and Abu Dhabi's Emirates NBD last month, per a Reuters report citing sources.
Fiscal pressure will force New Delhi to be more aggressive and creative.
Follow Shritama Bose on LinkedIn and X.
CONTEXT NEWS
The government of India on August 4 launched an offer for up to 822 million of its shares in Life Insurance Corporation, representing an up to 6.5% stake in the insurer.
The offer priced at 382 rupees ($4.01) per share, an 11% discount to their last-traded price, opened for bidding by institutions on August 4 and will accept retail subscriptions on August 5.
(Editing by Robyn Mak; Production by Ujjaini Dutta)
((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))
** Shares of state-owned miner Coal India COAL.NS fall 3% to 414.7 rupees, lowest level since February 2026
** Second biggest pct loser on Nifty 50 .NSEI index, which is flat
** Co on Monday missed Q1 profit estimates
** Jefferies says profit miss due to higher-than-expected costs; expects recovery in power demand is likely to aid COAL's volumes in FY27
** Adds, weak monsoon to potentially boost power demand
** HSBC points out that higher e-auction premiums offset higher costs in Q1; flagged sharp decline in inventories
** COAL on avg rated "buy" by 24 analysts; median PT 480 rupees - LSEG-compiled data
** YTD, stock up 4% vs 8.1% drop in .NSEI
($1 = 95.6725 Indian rupees)
(Reporting by Abhirami G in Bengaluru)
** Shares of state-owned miner Coal India COAL.NS fall 3% to 414.7 rupees, lowest level since February 2026
** Second biggest pct loser on Nifty 50 .NSEI index, which is flat
** Co on Monday missed Q1 profit estimates
** Jefferies says profit miss due to higher-than-expected costs; expects recovery in power demand is likely to aid COAL's volumes in FY27
** Adds, weak monsoon to potentially boost power demand
** HSBC points out that higher e-auction premiums offset higher costs in Q1; flagged sharp decline in inventories
** COAL on avg rated "buy" by 24 analysts; median PT 480 rupees - LSEG-compiled data
** YTD, stock up 4% vs 8.1% drop in .NSEI
($1 = 95.6725 Indian rupees)
(Reporting by Abhirami G in Bengaluru)
July 27 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA Q1 CONSOL NET PROFIT 88.52 BILLION RUPEES; IBES EST. 99.43 BILLION RUPEES
COAL INDIA Q1 CONSOL REV FROM OPS 462.55 BLN RUPEES
COAL INDIA - DIVIDEND 5.50 RUPEES PER SHARE
Source text: [ID:]
Further company coverage: COAL.NS
(([email protected];;))
July 27 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA Q1 CONSOL NET PROFIT 88.52 BILLION RUPEES; IBES EST. 99.43 BILLION RUPEES
COAL INDIA Q1 CONSOL REV FROM OPS 462.55 BLN RUPEES
COAL INDIA - DIVIDEND 5.50 RUPEES PER SHARE
Source text: [ID:]
Further company coverage: COAL.NS
(([email protected];;))
July 20 (Reuters) - KPI Green Energy Ltd KPIG.NS:
KPI GREEN ENERGY - COMMISSIONS 200 MW (AC) / 269 MW (DC) SOLAR FOR COAL INDIA AT KHAVDA
Source text: ID:nBSE6cfW4Q
Further company coverage: KPIG.NS
(([email protected];))
July 20 (Reuters) - KPI Green Energy Ltd KPIG.NS:
KPI GREEN ENERGY - COMMISSIONS 200 MW (AC) / 269 MW (DC) SOLAR FOR COAL INDIA AT KHAVDA
Source text: ID:nBSE6cfW4Q
Further company coverage: KPIG.NS
(([email protected];))
July 17 (Reuters) - Ahasolar Technologies Ltd AHAS.BO:
RECEIVES CONSULTANCY WORK ORDER FROM COAL INDIA FOR 187.5 MW/750 MWH BESS PROJECT
CONSULTANCY SERVICE PRICED AT MORE THAN 3.5 MILLION RUPEES
Source text: ID:nBSE9lxStr
Further company coverage: AHAS.BO
(([email protected];))
July 17 (Reuters) - Ahasolar Technologies Ltd AHAS.BO:
RECEIVES CONSULTANCY WORK ORDER FROM COAL INDIA FOR 187.5 MW/750 MWH BESS PROJECT
CONSULTANCY SERVICE PRICED AT MORE THAN 3.5 MILLION RUPEES
Source text: ID:nBSE9lxStr
Further company coverage: AHAS.BO
(([email protected];))
July 16 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA - COMMISSIONING OF 200 MW SOLAR POWER CAPACITY OUT OF 300 MW SOLAR POWER PROJECT AT KHAVDA, GUJARAT
Source text: ID:nnAZN4T85T3
Further company coverage: COAL.NS
(([email protected];;))
July 16 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA - COMMISSIONING OF 200 MW SOLAR POWER CAPACITY OUT OF 300 MW SOLAR POWER PROJECT AT KHAVDA, GUJARAT
Source text: ID:nnAZN4T85T3
Further company coverage: COAL.NS
(([email protected];;))
** Shares of Coal India COAL.NS up 0.23% at 435.10 rupees
** Co reported provisional coal production down 0.6% y/y and offtake up 7.5% y/y in June
SUMMER DEMAND SUPPORTS OUTLOOK
** Morgan Stanley ("equal-weight", PT: 420 rupees) expects strong thermal power demand to support Coal India's dispatches in coming months, but says production growth should be monitored
** Axis Capital ("add", PT: 485 rupees) says higher e-auction premiums and elevated international coal prices should support profitability, even as rising costs could partly offset the benefits
** Emkay ("add", PT: 475 rupees) expects production to recover in the second half of FY27 as inventory levels normalise, backed by firm electricity demand and tighter seaborne coal markets
** UBS ("buy", PT: 550 rupees) says stronger electricity demand lifted June offtake despite a decline in production, signalling healthy coal movement and inventory drawdown
(Reporting by Surbhi Misra in Bengaluru)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
** Shares of Coal India COAL.NS up 0.23% at 435.10 rupees
** Co reported provisional coal production down 0.6% y/y and offtake up 7.5% y/y in June
SUMMER DEMAND SUPPORTS OUTLOOK
** Morgan Stanley ("equal-weight", PT: 420 rupees) expects strong thermal power demand to support Coal India's dispatches in coming months, but says production growth should be monitored
** Axis Capital ("add", PT: 485 rupees) says higher e-auction premiums and elevated international coal prices should support profitability, even as rising costs could partly offset the benefits
** Emkay ("add", PT: 475 rupees) expects production to recover in the second half of FY27 as inventory levels normalise, backed by firm electricity demand and tighter seaborne coal markets
** UBS ("buy", PT: 550 rupees) says stronger electricity demand lifted June offtake despite a decline in production, signalling healthy coal movement and inventory drawdown
(Reporting by Surbhi Misra in Bengaluru)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
July 1 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA - RECEIVES ORDER TO SET UP 600 MW SOLAR PLANT AT JALAUN SOLAR PARK UP
COAL INDIA - ESTIMATED PROJECT COST FOR 600 MW SOLAR PLANT IS 28.31 BILLION RUPEES
Source text: ID:nBSE42nRbk
Further company coverage: COAL.NS
(([email protected];))
July 1 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA - RECEIVES ORDER TO SET UP 600 MW SOLAR PLANT AT JALAUN SOLAR PARK UP
COAL INDIA - ESTIMATED PROJECT COST FOR 600 MW SOLAR PLANT IS 28.31 BILLION RUPEES
Source text: ID:nBSE42nRbk
Further company coverage: COAL.NS
(([email protected];))
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Popular questions
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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 Internatl., Jainam Ferro Alloys, Nagpur Power & Inds.. Market Cap of Coal India is ₹2,59,759 Crs. While the median market cap of its peers are ₹219 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 2.53 and is ranked 4 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 52.52% and 3yr average dividend payout ratio is 46.84%
How has Coal India allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments
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 ₹30,332 Crs for TTM, ₹31,094 Crs for Mar 2026 and ₹35,506 Crs for Mar 2025.
Is the debt of Coal India increasing or decreasing?
The net debt of Coal India is decreasing. Latest net debt of Coal India is -₹91,327.28 Crs as of Mar-26. This is less 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 8.32, while 3 year average PE is 7.27. Also latest EV/EBITDA of Coal India is 5.42 while 3yr average is 4.64.
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 ~15.15% over the last 3yrs while peers have grown at a median rate of 7.51%
Is the promoter bullish about Coal India?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Coal India is 61.13% and last quarter promoter holding is 63.13%. Please check if dilutions happened via QIP/ Offerings etc.
Are mutual funds buying/selling Coal India?
The mutual fund holding of Coal India is increasing. The current mutual fund holding in Coal India is 9.93% while previous quarter holding is 9.53%.