Coal India

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];))

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.)

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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;))

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

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BENGALURU, Aug 31 (Reuters) - Diary of India economic, corporate events on August 31

ECONOMIC, CORPORATE .BSE500 EVENTS

(Compiled by Bengaluru Newsroom)

(([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)

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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]))

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];;))

By Sethuraman N R and Neha Arora

NEW DELHI, Aug 11 (Reuters) - Coal India COAL.NS, the world's largest coal miner, is considering acquiring a unit of Canada's Wealth Minerals WML.V with lithium mining assets in Chile, two sources familiar with the matter said.

The move would mark one of India's most significant efforts to secure overseas lithium resources, a critical mineral used in electric vehicle batteries and energy storage systems.

India has had limited success in acquiring critical mineral assets abroad. So far, it has secured only one overseas lithium exploration and mining agreement, covering five blocks in Argentina in 2024.

As a first step, Coal India and Kuska Minerals, Wealth Minerals' Chilean subsidiary, have jointly applied for a lithium extraction licence from the Chilean government, one of the sources said.

JOINT VENTURE ALTERNATIVE

"The acquisition will be decided after the mining licence. Once we get the licence, we will decide what we will do ahead," the source said, declining to be identified because the discussions are confidential.

Wealth Minerals has two other lithium projects in Chile, according to its website.

Coal India could alternatively form a joint venture with Wealth Minerals, although the structure, ownership split and investment commitments have yet to be determined, the sources said.

Neither Coal India nor Wealth Minerals immediately responded to requests for comment.

Reuters reported in April that Coal India was in talks with Wealth Minerals about a potential joint venture. The discussions over acquiring its Chile-focused lithium unit are being reported for the first time.

Coal India and Wealth Minerals applied for the mining licence in October 2025, but the process has taken time due to a change of government in Chile, the source said.

Coal India was in the final stages of negotiations to buy the unit after months of talks, but the deal could not proceed until the mining licence is granted, the second source said.

Chile holds the world's third-largest lithium resources, estimated at 13 million metric tons, behind Argentina and Bolivia, according to the U.S. Geological Survey.

India has been encouraging state-owned companies to acquire overseas mineral assets as New Delhi seeks to reduce reliance on China-dominated supply chains.

The government has signed critical minerals cooperation agreements with Argentina, Australia and Japan, and is discussing broader arrangements, including critical minerals partnerships, with Peru and Chile.

This year, India also signed agreements with countries including Germany, Brazil and Canada aimed at improving access to technology, expertise and mineral partnerships.

(Reporting by Sethuraman NR and Neha Arora. Editing by Mayank Bhardwaj and Mark Potter)

(([email protected]; (+91 9945291420); Reuters Messaging: [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 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))

Aug 6 (Reuters) - Coal India COAL.NS has won the Gadadharpur iron ore block in the eastern state of Odisha through a competitive auction, the state's director of mines and geology, Rohit Kumar Lenka, said on Thursday.

The block contains 258 million tonnes of iron ore resources and marks the state-run miner's entry into iron ore mining, according to commodities consultancy BigMint.

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, according to BigMint.

Odisha is one of India's key mineral-producing states, and rising iron ore output is expected to support planned steelmaking capacity additions, as well as infrastructure and construction demand.

(Reporting by Jatindra Dash in Bhubaneswar and Mridula Kumar in Bengaluru; Editing by Nivedita Bhattacharjee)

(([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)

(([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 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:nBSE4FrrFq

Further company coverage: COAL.NS

(([email protected];;))

July 2 (Reuters) - Coal India Ltd COAL.NS:

• COAL INDIA - COAL INDIA'S SUPPLIES TO POWER SECTOR GROW 5.9% IN JUNE FY'27

Source text: ID:nBSE3Sv2jw

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];))

June 30 (Reuters) - Coal India COAL.NS plans to invest 19 billion rupees ($200.7 million) in research and development by fiscal year 2030, the state-run miner said on Tuesday.

Here are some details:

• The miner is researching clean coal, net-zero technologies, sustainable materials, mine re-purposing, and recovery of rare earth and critical minerals through partnerships with scientific institutions.

• Coal India has committed 2.53 billion rupees to three Indian Institutes of Technology, it said, which will be released in phases.

• Its R&D facility, called the National Centre for Coal and Energy Research, is also overseeing 19 R&D projects with a total outlay of 2.25 billion rupees at other scientific institutions.

• Coal India's R&D expenditure quadrupled to 2.45 billion rupees in fiscal 2025, from 610 million rupees a year earlier, it said.

($1 = 94.6675 Indian rupees)

(Reporting by Abhirami G in Bengaluru; Editing by Sonia Cheema)

(([email protected]))

By Sethuraman N R

NEW DELHI, June 18 (Reuters) - India's thermal coal imports fell to a 4-year low in January-May due to higher local output and rising renewable energy generation, commodities consultancy BigMint said.

Overall, thermal coal imports, at 65 million tons in the year till May, declined by an annual 12%, the consultancy said.

India, the world's second-largest importer of thermal coal, has been seeking to reduce its reliance on imports and aims to cut the use of such coal for power generation by at least 30% this year.

The country's top producer, Coal India COAL.NS, had asked its subsidiaries to ramp up output as scorching temperatures due to the El Nino weather pattern increased electricity use.

Higher prices for imported coal and elevated freight rates due to the crisis in the Middle East also weighed on imports, BigMint said.

RISING RENEWABLE GENERATION

In January-May total power generation increased 5% from a year earlier, while renewable generation grew much faster at 22%, BigMint said.

India's peak power demand, a measure of the maximum electricity requirement, exceeded the country's expectations of 270 gigawatts on May 21, driven by heat waves.

Power demand in the South Asian nation climbed 11.2% to a two-year high in May, data from federal grid regulator Grid-India showed.

Thermal power generation rose 10% from a year earlier in the month, the highest since May 2024, as utilities ramped up output to meet round-the-clock electricity demand, the regulator's data showed.

During the month, India's renewable power generation rose 29.31% from the previous year to 27.58 billion kilowatt-hours, accounting for a record 17.9% of the country's power mix, according to a Reuters analysis of daily government data.

(Reporting by Sethuraman NR; editing by Nidhi Verma and Harikrishnan Nair)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]/))

** UBS initiates miner Coal India COAL.NS with "buy"; street-high PT of 550 rupees

** Brokerage positive on India's medium-to-long term coal demand given lower import dependency, scope to increase domestic production

** COAL will benefit from India's increasing electricity demand as coal-based power generation dominates mix - brokerage

** Targeting 1 bln MTPA production by FY30, implying 7% CAGR over FY26-30 - brokerage

** COAL benefits from strong pricing power in e-auction segment - providing partial buffer when costs are inflated - brokerage

** Stock on avg rated "buy" by 24 analysts; median PT is 490 rupees - LSEG-compiled data

** COAL up 0.34%; YTD up 11.5%

(Reporting by Abhirami G in Bengaluru)

(([email protected]))

June 5 (Reuters) - Coal India Ltd COAL.NS:

• COAL INDIA - TAKES STEPS TO OFFER MORE COAL TO NRS

• COAL INDIA - CIL OFFERS 35 MILLION TONNES COAL UNDER LINKAGE AUCTION ON 12 JUNE

• COAL INDIA - CIL HAS PUT ON OFFER AN ALL-TIME HIGH OF 35 MILLION TONNES (MTS) UNDER LINKAGE AUCTION WINDOW TO BE HELD ON 12TH JUNE

• COAL INDIA - CIL WILL BE CONDUCTING NEXT ROUND OF SHORT- TERM AUCTIONS ON 8 JUNE

• COAL INDIA - CIL OFFERS 13.75 MILLION TONNES COAL TO STEEL (COKING) SUB-SECTOR

• COAL INDIA - ALLOWED STEEL (COKING) SUB-SECTOR TO SELL COAL MIDDLINGS IN OPEN MARKET

Source text: ID:nBSE4vVCxR

Further company coverage: COAL.NS

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** State-owned miner Coal India COAL.NS posted an 11.6% decline in May coal production, while coal offtake increased 2.2% Y/Y

** COAL shares down as much as 1.95% to 463.2 rupees

DEMAND OUTLOOK OFFSETS WEAK OUTPUT

** Emkay ("add"; PT: 475 rupees) says COAL's weak May production reflected comfortable inventory levels, expects output to accelerate through FY27 on the back of strong power demand

** Dolat Capital ("accumulate"; PT: 500 rupees) says COAL's May performance was subdued despite stronger coal-fired power demand, though higher global coal prices could support e-auction premiums and realizations

** Axis Capital ("add"; PT: 500 rupees) says declining Indonesian coal exports and higher global coal prices could support COAL's e-auction realizations and volume growth in FY27

** ICICI Direct Research says softer e-auction allocations and premiums could weigh on near-term growth, though it remains positive on Coal India over the longer term

** YTD stock up 18.13%

(Reporting by Devika Nair in Bengaluru)

(([email protected];))

June 1 (Reuters) - Coal India Ltd COAL.NS:

• COAL INDIA - COAL OFFTAKE IN MAY UP 2.2% Y/Y

• COAL INDIA- COAL PRODUCTION IN MAY DOWN 11.6% Y/Y

Source text: ID:nBSE1x39B3

Further company coverage: COAL.NS

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