COALINDIA
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Recent events
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Corporate Actions
Coal India And Indian Port Rail Sign MoU For Rail Infrastructure
June 5 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA LTD - CO AND INDIAN PORT RAIL SIGN MOU FOR RAIL INFRASTRUCTURE
Source text: ID:nBSE8fp6X9
Further company coverage: COAL.NS
(([email protected];))
June 5 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA LTD - CO AND INDIAN PORT RAIL SIGN MOU FOR RAIL INFRASTRUCTURE
Source text: ID:nBSE8fp6X9
Further company coverage: COAL.NS
(([email protected];))
Coal India falls as Morgan Stanley sees weak offtake this fiscal year
** Shares of Coal India COAL.NS fall 2% to 391.90 rupees
** Morgan Stanley says thermal power demand could have struggled during May and impacted COAL's volumes
** COAL's offtake fell 7.8% Y/Y in May, production fell 1.4% Y/Y
** Brokerage expects some inventory digestion before seeing COAL's offtake picking up materially
** Continued weak offtake amid weak global coal prices will likely weigh on COAL's Q1 and FY26 estimates, unless power demand improves sharply - note
** Morgan Stanley's rating for COAL is "equal-weight", PT at 450 rupees
** COAL up 2% YTD
(Reporting by Vijay Malkar)
(([email protected];))
** Shares of Coal India COAL.NS fall 2% to 391.90 rupees
** Morgan Stanley says thermal power demand could have struggled during May and impacted COAL's volumes
** COAL's offtake fell 7.8% Y/Y in May, production fell 1.4% Y/Y
** Brokerage expects some inventory digestion before seeing COAL's offtake picking up materially
** Continued weak offtake amid weak global coal prices will likely weigh on COAL's Q1 and FY26 estimates, unless power demand improves sharply - note
** Morgan Stanley's rating for COAL is "equal-weight", PT at 450 rupees
** COAL up 2% YTD
(Reporting by Vijay Malkar)
(([email protected];))
Coal India Says Provisional CIL Coal Production For May'25 Down 1.4% Y/Y
June 2 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA LTD - PROVISIONAL CIL COAL PRODUCTION FOR MAY'25 DOWN 1.4% Y/Y
COAL INDIA - CIL MAY OFFTAKE DOWN 7.8% Y/Y
Further company coverage: COAL.NS
(([email protected];))
June 2 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA LTD - PROVISIONAL CIL COAL PRODUCTION FOR MAY'25 DOWN 1.4% Y/Y
COAL INDIA - CIL MAY OFFTAKE DOWN 7.8% Y/Y
Further company coverage: COAL.NS
(([email protected];))
Coal India tops Nifty 50 on report it is to 'soon' file unit IPO papers
** Shares of miner Coal India COAL.NS jumps 3% to 415 rupees, top pct gainer on benchmark Nifty 50 .NSEI
** NSEI down 0.2% on the day
** Co will "soon" file IPO papers for its two units - Bharat Coking Coal Ltd (BCCL) and Central Mine Planning and Design Institute (CMPDI), newspaper Hindu BusinessLine reported, quoting a co executive
** Coal India did not immediately respond to Reuters' request for comment
** YTD stock has risen ~8%
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** Shares of miner Coal India COAL.NS jumps 3% to 415 rupees, top pct gainer on benchmark Nifty 50 .NSEI
** NSEI down 0.2% on the day
** Co will "soon" file IPO papers for its two units - Bharat Coking Coal Ltd (BCCL) and Central Mine Planning and Design Institute (CMPDI), newspaper Hindu BusinessLine reported, quoting a co executive
** Coal India did not immediately respond to Reuters' request for comment
** YTD stock has risen ~8%
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
Coal India And AM Green Sign MoU For RE Supply Contract
May 8 (Reuters) - Coal India Ltd COAL.NS:
CIL AND AM GREEN SIGN MOU FOR INDIA'S LARGEST RE SUPPLY CONTRACT
CIL PLANS TO SUPPLY 4500 MW CARBON-FREE ENERGY
ESTIMATED TOTAL OUTLAY AROUND 250 BILLION RUPEES
Source text: ID:nBSE8GymZY
Further company coverage: COAL.NS
(([email protected];;))
May 8 (Reuters) - Coal India Ltd COAL.NS:
CIL AND AM GREEN SIGN MOU FOR INDIA'S LARGEST RE SUPPLY CONTRACT
CIL PLANS TO SUPPLY 4500 MW CARBON-FREE ENERGY
ESTIMATED TOTAL OUTLAY AROUND 250 BILLION RUPEES
Source text: ID:nBSE8GymZY
Further company coverage: COAL.NS
(([email protected];;))
Coal India Signs MoU With AM Green Ammonia (India)
May 7 (Reuters) - Coal India Ltd COAL.NS:
MOU BETWEEN COAL INDIA LTD (CIL) AND AM GREEN AMMONIA (INDIA)
MOU FOR SUPPLYING RENEWABLE POWER TO AM GREEN'S GREEN AMMONIA PROJECT
Source text: ID:nBSE9sWDpJ
Further company coverage: COAL.NS
(([email protected];))
May 7 (Reuters) - Coal India Ltd COAL.NS:
MOU BETWEEN COAL INDIA LTD (CIL) AND AM GREEN AMMONIA (INDIA)
MOU FOR SUPPLYING RENEWABLE POWER TO AM GREEN'S GREEN AMMONIA PROJECT
Source text: ID:nBSE9sWDpJ
Further company coverage: COAL.NS
(([email protected];))
COLUMN-Thermal coal prices hit 4-year low in Asia as China imports wane: Russell
The views expressed here are those of the author, a columnist for Reuters.
By Clyde Russell
LAUNCESTON, Australia, May 6 (Reuters) - Asia's seaborne thermal coal prices have slumped to four-year lows as the region's heavyweight buyers China, India and Japan all import less of the power-station fuel.
Prices for the main grades of thermal coal shipped from top exporters Indonesia and Australia have been on a sustained downtrend since October last year, and this has accelerated in recent weeks as import volumes have weakened.
China, the world's biggest buyer of thermal coal, saw imports drop to 22.72 million metric tons in April, down from 23.84 million tons in March, according to data compiled by commodity analysts Kpler.
For the first four months of 2025, China imported 91.56 million tons, down 13.1% from the 105.4 million tons in the same period a year earlier, according to Kpler.
The fall in China's thermal coal imports comes amid weaker coal-fired generation and record high domestic coal output.
First-quarter thermal power generation in China, which is overwhelmingly coal-fired with only tiny volumes of natural gas, fell 4.7% as both hydropower and renewable generation rose.
Meanwhile, domestic coal production hit a record high of 440.58 million tons in March, up 9.6% on year, helping boost first-quarter output by 8.1% to 1.2 billion tons.
The combination of rising local output and lower coal-fired generation has led China's domestic coal prices to weaken, with consultants SteelHome assessing thermal coal at the port of Qinhuangdao SH-QHA-TRMCOAL at 660 yuan ($90.78) a ton last week, a four-year low and down 25% from early October.
The sliding domestic price has reflected in import prices, which have had to drop in order to remain competitive.
Australian coal with an energy content of 5,500 kilocalories per kilogram (kcal/kg), a grade popular with Chinese buyers, dropped to $69.98 a ton in the week to May 2, according to an assessment by commodity price reporting agency Argus.
This was the first time the price had dropped below $70 since May 2021, and it is now 22.5% below the most recent peak of $90.29 from early October.
Indonesian thermal coal has suffered a similar fate, with the 4,200 kcal/kg grade, which is popular with both Chinese and Indian buyers, dropping to $48.42 a ton in the week to May 2, a four-year low and down 7.5% since October.
It's worth noting that this grade has lost less than Australian coal, and that's most likely a reflection of some recent strength in India's imports of thermal coal.
INDIA DEMAND
India imported 15.31 million tons in April, the most since May last year, and up from 14.4 million tons in March.
However, the rebound in March and April from a weak January-February period still means that for the first four months of 2025, India's thermal coal imports are down 6.7% to 53.33 million tons, according to Kpler data.
The question for the market is whether the recovery in March and April is likely to sustain, and there are some signs that it could.
India's government has extended a mandate for power plants using imported fuel to operate at full capacity until June 30, a move that will underpin demand for seaborne cargoes.
This move was likely a response to both rising electricity demand and Coal India's COAL.NS struggles to meaningfully lift domestic output.
The state-controlled company's production for the fiscal year that ended on March 31 rose a mere 1% to 781.1 million tons, well short of its initial target of 838 million tons.
But it's likely that even if India does continue to import robust volumes of thermal coal, it's unlikely that these will be high enough to offset the loss of demand from China.
Japan, the world's third-biggest coal importer, also saw lower arrivals in the first four months of the year, with Kpler recording seaborne volumes of 34.71 million tons, down 4.9% from the 36.48 million tons for the same period in 2024.
Japan mainly imports higher-grade coal from Australia, and the weekly index for 6,000 kcal/kg fuel rose slightly to $93.79 a ton in the period to may 2, up from a four-year low of $91.58 the week prior.
The overall picture for thermal coal in Asian seaborne markets is that prices are weakening in line with volumes, a process likely to continue as long as China's coal-fired generation struggles and the country's mines produce at high levels.
The views expressed here are those of the author, a columnist for Reuters.
GRAPHIC-Seaborne thermal coal imports by China, Japan and India: https://tmsnrt.rs/4iHQlJH
(Editing by Kim Coghill)
(([email protected])(+61 437 622 448)(Reuters Messaging: [email protected]))
The views expressed here are those of the author, a columnist for Reuters.
By Clyde Russell
LAUNCESTON, Australia, May 6 (Reuters) - Asia's seaborne thermal coal prices have slumped to four-year lows as the region's heavyweight buyers China, India and Japan all import less of the power-station fuel.
Prices for the main grades of thermal coal shipped from top exporters Indonesia and Australia have been on a sustained downtrend since October last year, and this has accelerated in recent weeks as import volumes have weakened.
China, the world's biggest buyer of thermal coal, saw imports drop to 22.72 million metric tons in April, down from 23.84 million tons in March, according to data compiled by commodity analysts Kpler.
For the first four months of 2025, China imported 91.56 million tons, down 13.1% from the 105.4 million tons in the same period a year earlier, according to Kpler.
The fall in China's thermal coal imports comes amid weaker coal-fired generation and record high domestic coal output.
First-quarter thermal power generation in China, which is overwhelmingly coal-fired with only tiny volumes of natural gas, fell 4.7% as both hydropower and renewable generation rose.
Meanwhile, domestic coal production hit a record high of 440.58 million tons in March, up 9.6% on year, helping boost first-quarter output by 8.1% to 1.2 billion tons.
The combination of rising local output and lower coal-fired generation has led China's domestic coal prices to weaken, with consultants SteelHome assessing thermal coal at the port of Qinhuangdao SH-QHA-TRMCOAL at 660 yuan ($90.78) a ton last week, a four-year low and down 25% from early October.
The sliding domestic price has reflected in import prices, which have had to drop in order to remain competitive.
Australian coal with an energy content of 5,500 kilocalories per kilogram (kcal/kg), a grade popular with Chinese buyers, dropped to $69.98 a ton in the week to May 2, according to an assessment by commodity price reporting agency Argus.
This was the first time the price had dropped below $70 since May 2021, and it is now 22.5% below the most recent peak of $90.29 from early October.
Indonesian thermal coal has suffered a similar fate, with the 4,200 kcal/kg grade, which is popular with both Chinese and Indian buyers, dropping to $48.42 a ton in the week to May 2, a four-year low and down 7.5% since October.
It's worth noting that this grade has lost less than Australian coal, and that's most likely a reflection of some recent strength in India's imports of thermal coal.
INDIA DEMAND
India imported 15.31 million tons in April, the most since May last year, and up from 14.4 million tons in March.
However, the rebound in March and April from a weak January-February period still means that for the first four months of 2025, India's thermal coal imports are down 6.7% to 53.33 million tons, according to Kpler data.
The question for the market is whether the recovery in March and April is likely to sustain, and there are some signs that it could.
India's government has extended a mandate for power plants using imported fuel to operate at full capacity until June 30, a move that will underpin demand for seaborne cargoes.
This move was likely a response to both rising electricity demand and Coal India's COAL.NS struggles to meaningfully lift domestic output.
The state-controlled company's production for the fiscal year that ended on March 31 rose a mere 1% to 781.1 million tons, well short of its initial target of 838 million tons.
But it's likely that even if India does continue to import robust volumes of thermal coal, it's unlikely that these will be high enough to offset the loss of demand from China.
Japan, the world's third-biggest coal importer, also saw lower arrivals in the first four months of the year, with Kpler recording seaborne volumes of 34.71 million tons, down 4.9% from the 36.48 million tons for the same period in 2024.
Japan mainly imports higher-grade coal from Australia, and the weekly index for 6,000 kcal/kg fuel rose slightly to $93.79 a ton in the period to may 2, up from a four-year low of $91.58 the week prior.
The overall picture for thermal coal in Asian seaborne markets is that prices are weakening in line with volumes, a process likely to continue as long as China's coal-fired generation struggles and the country's mines produce at high levels.
The views expressed here are those of the author, a columnist for Reuters.
GRAPHIC-Seaborne thermal coal imports by China, Japan and India: https://tmsnrt.rs/4iHQlJH
(Editing by Kim Coghill)
(([email protected])(+61 437 622 448)(Reuters Messaging: [email protected]))
Coal India to set up power plant in joint venture
April 21 (Reuters) - Coal India COAL.NS, the country's top coal producer, will build a 1,600 megawatt coal-powered plant through a joint venture in the eastern state of Jharkhand at an investment of 165 billion rupees ($1.94 billion) to meet increasing power demand.
The state-run company on Monday signed a non-binding memorandum of understanding with state-run power generator Damodar Valley Corporation for setting up the plant, which will have two 800 MW units and will be an expansion of an existing 500 MW plant.
The state-run company is also building two thermal power plants at its coal pit-heads in the central Indian state of Madhya Pradesh with 660 MW capacity, and a 1,600 MW plant in the eastern state of Odisha, both due for completion by 2030.
India aims to ramp up its thermal power capacity to meet growing domestic electricity demand even as it aims to increase non-fossil power capacity amid weak demand for tenders and project cancellations.
Private companies such as Tata Power TTPW.NS, JSW Energy JSWE.NS, and the Adani Group are also eyeing coal power capacity additions.
($1 = 85.1350 Indian rupees)
(Reporting by Sethuraman NR; Editing by Mrigank Dhaniwala)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
April 21 (Reuters) - Coal India COAL.NS, the country's top coal producer, will build a 1,600 megawatt coal-powered plant through a joint venture in the eastern state of Jharkhand at an investment of 165 billion rupees ($1.94 billion) to meet increasing power demand.
The state-run company on Monday signed a non-binding memorandum of understanding with state-run power generator Damodar Valley Corporation for setting up the plant, which will have two 800 MW units and will be an expansion of an existing 500 MW plant.
The state-run company is also building two thermal power plants at its coal pit-heads in the central Indian state of Madhya Pradesh with 660 MW capacity, and a 1,600 MW plant in the eastern state of Odisha, both due for completion by 2030.
India aims to ramp up its thermal power capacity to meet growing domestic electricity demand even as it aims to increase non-fossil power capacity amid weak demand for tenders and project cancellations.
Private companies such as Tata Power TTPW.NS, JSW Energy JSWE.NS, and the Adani Group are also eyeing coal power capacity additions.
($1 = 85.1350 Indian rupees)
(Reporting by Sethuraman NR; Editing by Mrigank Dhaniwala)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
Indian delegation to visit Chile seeking stake in SQM's lithium projects, source says
By Neha Arora
NEW DELHI, April 4 (Reuters) - Indian officials will visit Chile next week to discuss plans for four state companies to take a stake in two lithium projects of the world's No. 2 producer of the metal, SQM SQMA.SN, a source said.
The world's fastest-growing major economy has ramped up efforts to secure a steady supply of lithium as demand rises for the metal used in electric vehicle batteries, key to emissions reduction efforts in the world's third-largest emitter.
Government-backed Khanij Bidesh India Ltd (KABIL), Coal India COAL.NS, Oil India OILI.NS, and ONGC Videsh ONVI.NS are in talks with SQM for stakes of 20% in its Mount Holland and Andover projects in Australia, Reuters reported last week.
The Indian delegation will hold discussions with top SQM executives when it travels to Chile next week for a global copper conference, the source said, speaking on condition of anonymity as the talks were not public.
Executives from state-run Hindustan Copper HCPR.NS and leading private copper firms Hindalco Industries HALC.NS and JSW are also expected to visit Chile, the source said.
Hindustan Copper told Reuters it will send a few executives to Chile to attend the copper conference and hold other meetings.
The mines ministry, Hindalco, and JSW did not respond to emails from Reuters to seek comments.
India and Chile held talks this week to renew a preliminary pact on geology and mineral resources.
This week Chile's state-owned Codelco, the world's largest copper producer, said it would supply copper concentrates to the $1.2-billion smelter of India's Adani Group, which is the world's largest single-location plant of its kind.
Codelco has also signed a separate preliminary pact with Hindustan Copper to collaborate on exploring and processing minerals.
India's copper imports have surged since the 2018 closure of Vedanta's VDAN.NS Sterlite Copper smelter, which produced around 400,000 metric tons of the metal.
It has recently stepped efforts to strike overseas deals for access to critical minerals in resource-rich countries such as Argentina, Australia, and Chile.
New Delhi is also exploring an initial agreement with cobalt-rich Congo.
(Reporting by Neha Arora; Editing by Mayank Bhardwaj; Editing by Clarence Fernandez)
(([email protected];))
By Neha Arora
NEW DELHI, April 4 (Reuters) - Indian officials will visit Chile next week to discuss plans for four state companies to take a stake in two lithium projects of the world's No. 2 producer of the metal, SQM SQMA.SN, a source said.
The world's fastest-growing major economy has ramped up efforts to secure a steady supply of lithium as demand rises for the metal used in electric vehicle batteries, key to emissions reduction efforts in the world's third-largest emitter.
Government-backed Khanij Bidesh India Ltd (KABIL), Coal India COAL.NS, Oil India OILI.NS, and ONGC Videsh ONVI.NS are in talks with SQM for stakes of 20% in its Mount Holland and Andover projects in Australia, Reuters reported last week.
The Indian delegation will hold discussions with top SQM executives when it travels to Chile next week for a global copper conference, the source said, speaking on condition of anonymity as the talks were not public.
Executives from state-run Hindustan Copper HCPR.NS and leading private copper firms Hindalco Industries HALC.NS and JSW are also expected to visit Chile, the source said.
Hindustan Copper told Reuters it will send a few executives to Chile to attend the copper conference and hold other meetings.
The mines ministry, Hindalco, and JSW did not respond to emails from Reuters to seek comments.
India and Chile held talks this week to renew a preliminary pact on geology and mineral resources.
This week Chile's state-owned Codelco, the world's largest copper producer, said it would supply copper concentrates to the $1.2-billion smelter of India's Adani Group, which is the world's largest single-location plant of its kind.
Codelco has also signed a separate preliminary pact with Hindustan Copper to collaborate on exploring and processing minerals.
India's copper imports have surged since the 2018 closure of Vedanta's VDAN.NS Sterlite Copper smelter, which produced around 400,000 metric tons of the metal.
It has recently stepped efforts to strike overseas deals for access to critical minerals in resource-rich countries such as Argentina, Australia, and Chile.
New Delhi is also exploring an initial agreement with cobalt-rich Congo.
(Reporting by Neha Arora; Editing by Mayank Bhardwaj; Editing by Clarence Fernandez)
(([email protected];))
Coal India Chairman Says Co Looking For Lithium In Argentina And Australia
April 2 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA CHAIRMAN: LOOKING FOR LITHIUM IN ARGENTINA AND AUSTRALIA
Source text: [ID:]
Further company coverage: COAL.NS
(([email protected];;))
April 2 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA CHAIRMAN: LOOKING FOR LITHIUM IN ARGENTINA AND AUSTRALIA
Source text: [ID:]
Further company coverage: COAL.NS
(([email protected];;))
Coal India Approves Enhancement Of Notified Price Of Coal By 10 Rupees Per Ton
April 1 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA - APPROVED ENHANCEMENT OF NOTIFIED PRICE OF COAL BY 10 RUPEES PER TON
COAL INDIA - APPROVED ENHANCEMENT OF NOTIFIED PRICE OF COAL BY 10 RUPEES PER TON
Source text: ID:nBSEccBJg4
Further company coverage: COAL.NS
(([email protected];))
April 1 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA - APPROVED ENHANCEMENT OF NOTIFIED PRICE OF COAL BY 10 RUPEES PER TON
COAL INDIA - APPROVED ENHANCEMENT OF NOTIFIED PRICE OF COAL BY 10 RUPEES PER TON
Source text: ID:nBSEccBJg4
Further company coverage: COAL.NS
(([email protected];))
EXCLUSIVE-Indian state firms seek stake in SQM's lithium projects in Australia, sources say
Indian companies seek 20% stake for $600 million, sources say
Coal India, Oil India, ONGC Videsh in talks with SQM
India's state-run company KABIL leads talks with SQM
By Neha Arora
NEW DELHI, March 28 (Reuters) - Four Indian state firms are in talks with Chilean miner SQM SQMA.SN to acquire a 20% stake in its two lithium projects in Australia for $600 million, four sources said, in New Delhi's biggest effort to secure supplies of the key EV battery metal.
Government-backed Khanij Bidesh India Ltd (KABIL) has partnered with Coal India COAL.NS, Oil India OILI.NS, and ONGC Videsh ONVI.NS to seek the 20% stake in SQM's Mount Holland and Andover lithium projects in Western Australia, the sources said.
The sources did not wish to be named as the deliberations were not public.
SQM is the world's second-largest lithium producer.
India, the world's fastest-growing major economy, has intensified efforts to secure a steady supply of lithium, anticipating a surge in demand for the EV battery metal, which is critical to reducing carbon emissions from the world's third-largest emitter.
"This is so far India's biggest attempt to secure lithium supplies overseas," one of the sources said. "The due diligence is on, and the companies have expressed their interest with an initial offer."
KABIL, along with the three state companies, is in the process of appointing a mergers and acquisitions adviser for the deal, the sources said.
SQM, KABIL, Coal India, Oil India, and ONGC Videsh did not respond to Reuters' requests for comment.
India's plans to acquire stakes in SQM's projects have not been reported previously.
New Delhi formed KABIL - a joint venture between the state-owned National Aluminium Company, Hindustan Copper, and Mineral Exploration and Consultancy - a few years ago to acquire, develop, and process strategic minerals overseas for use in India.
India has recently stepped up efforts to secure overseas agreements for accessing critical minerals in resource-rich nations like Argentina, Australia, and Chile.
New Delhi is also exploring an initial agreement with cobalt-rich Congo.
Last year, KABIL signed an exploration and development agreement with a state-owned firm in Argentina for the exploration and mining of five lithium blocks.
Amid growing energy needs, India is trying to encourage EV production to reduce its reliance on fossil fuels.
EV sales in India accounted for just 2.5% of the 4.3 million cars sold in 2024, but their 20% growth rate outpaced the overall car market's 5% growth. Analysts expect sales to double in 2025 from 100,000 units in the previous year, mainly due to new launches.
(Reporting by Neha Arora; additional reporting by Melanie Burton in Melbourne; editing by Mayank Bhardwaj and Sonali Paul)
(([email protected];))
Indian companies seek 20% stake for $600 million, sources say
Coal India, Oil India, ONGC Videsh in talks with SQM
India's state-run company KABIL leads talks with SQM
By Neha Arora
NEW DELHI, March 28 (Reuters) - Four Indian state firms are in talks with Chilean miner SQM SQMA.SN to acquire a 20% stake in its two lithium projects in Australia for $600 million, four sources said, in New Delhi's biggest effort to secure supplies of the key EV battery metal.
Government-backed Khanij Bidesh India Ltd (KABIL) has partnered with Coal India COAL.NS, Oil India OILI.NS, and ONGC Videsh ONVI.NS to seek the 20% stake in SQM's Mount Holland and Andover lithium projects in Western Australia, the sources said.
The sources did not wish to be named as the deliberations were not public.
SQM is the world's second-largest lithium producer.
India, the world's fastest-growing major economy, has intensified efforts to secure a steady supply of lithium, anticipating a surge in demand for the EV battery metal, which is critical to reducing carbon emissions from the world's third-largest emitter.
"This is so far India's biggest attempt to secure lithium supplies overseas," one of the sources said. "The due diligence is on, and the companies have expressed their interest with an initial offer."
KABIL, along with the three state companies, is in the process of appointing a mergers and acquisitions adviser for the deal, the sources said.
SQM, KABIL, Coal India, Oil India, and ONGC Videsh did not respond to Reuters' requests for comment.
India's plans to acquire stakes in SQM's projects have not been reported previously.
New Delhi formed KABIL - a joint venture between the state-owned National Aluminium Company, Hindustan Copper, and Mineral Exploration and Consultancy - a few years ago to acquire, develop, and process strategic minerals overseas for use in India.
India has recently stepped up efforts to secure overseas agreements for accessing critical minerals in resource-rich nations like Argentina, Australia, and Chile.
New Delhi is also exploring an initial agreement with cobalt-rich Congo.
Last year, KABIL signed an exploration and development agreement with a state-owned firm in Argentina for the exploration and mining of five lithium blocks.
Amid growing energy needs, India is trying to encourage EV production to reduce its reliance on fossil fuels.
EV sales in India accounted for just 2.5% of the 4.3 million cars sold in 2024, but their 20% growth rate outpaced the overall car market's 5% growth. Analysts expect sales to double in 2025 from 100,000 units in the previous year, mainly due to new launches.
(Reporting by Neha Arora; additional reporting by Melanie Burton in Melbourne; editing by Mayank Bhardwaj and Sonali Paul)
(([email protected];))
India's MSTC jumps on 2-year contract from Coal India
** MSTC MSTC.NS jumps 4.9% to more than six-week high of 540.15 rupees
** State-run firm providing e-commerce services across industries gets order for e-auction services from Coal India COAL.NS
** Contract for a period of 2 years
** Stock gained 12.4% last week, highest in four months
** Year-to-date, MSTC sheds 24%
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** MSTC MSTC.NS jumps 4.9% to more than six-week high of 540.15 rupees
** State-run firm providing e-commerce services across industries gets order for e-auction services from Coal India COAL.NS
** Contract for a period of 2 years
** Stock gained 12.4% last week, highest in four months
** Year-to-date, MSTC sheds 24%
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
India proposes to set up trading exchange for domestic coal
SINGAPORE, March 12 (Reuters) - India plans to establish a coal trading exchange to buy and sell domestically produced coal amid growing output from mines operated by private companies, the federal government said in a notice seeking comments on the proposal.
The world's fastest growing major economy opened up coal mining to private companies earlier this decade, ending the near-monopoly of state-run Coal India COAL.NS, the world's largest coal miner. The privatised mines are expected to produce 350-400 million metric tons of coal by 2030.
"In the scenario of increased availability of domestic coal in the country, there is a necessity to introduce further reforms in the coal sector with focus on promoting competitive markets for sale of coal," the federal coal ministry said in a notice dated March 7.
Coal India currently accounts for about three quarters of over 1 billion tonnes of coal mined, and sold subsequently in the second largest coal market behind China.
The proposed exchange will provide a marketplace for commercial miners and those mining for their own use to sell surplus coal, alongside public sector companies including Coal India, the notice said, adding that it aims to transform the existing "one-to-many" sales model into a "many-to-many" platform.
(Reporting by Sudarshan Varadhan
Editing by Tomasz Janowski)
(([email protected]; +65 91164984;))
SINGAPORE, March 12 (Reuters) - India plans to establish a coal trading exchange to buy and sell domestically produced coal amid growing output from mines operated by private companies, the federal government said in a notice seeking comments on the proposal.
The world's fastest growing major economy opened up coal mining to private companies earlier this decade, ending the near-monopoly of state-run Coal India COAL.NS, the world's largest coal miner. The privatised mines are expected to produce 350-400 million metric tons of coal by 2030.
"In the scenario of increased availability of domestic coal in the country, there is a necessity to introduce further reforms in the coal sector with focus on promoting competitive markets for sale of coal," the federal coal ministry said in a notice dated March 7.
Coal India currently accounts for about three quarters of over 1 billion tonnes of coal mined, and sold subsequently in the second largest coal market behind China.
The proposed exchange will provide a marketplace for commercial miners and those mining for their own use to sell surplus coal, alongside public sector companies including Coal India, the notice said, adding that it aims to transform the existing "one-to-many" sales model into a "many-to-many" platform.
(Reporting by Sudarshan Varadhan
Editing by Tomasz Janowski)
(([email protected]; +65 91164984;))
India's MSTC gains on 2-yr contract from Coal India
** Shares of MSTC MSTC.NS rise as much as 5.4% to 484.60 rupees
** E-commerce co on Monday said it has been awarded a 2-year contract by Coal India COAL.NS to provide e-auction services for coal and coal products
** Co did not disclose financial details of the contract
** More than 498,000 shares change hands, 1.5x of 30-day avg
** Stock last up 3%, cutting YTD loss to 30.2%
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
** Shares of MSTC MSTC.NS rise as much as 5.4% to 484.60 rupees
** E-commerce co on Monday said it has been awarded a 2-year contract by Coal India COAL.NS to provide e-auction services for coal and coal products
** Co did not disclose financial details of the contract
** More than 498,000 shares change hands, 1.5x of 30-day avg
** Stock last up 3%, cutting YTD loss to 30.2%
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
MSTC Received Work Order From Coal India
March 10 (Reuters) - Coal India Ltd COAL.NS:
MSTC LTD - RECEIVED WORK ORDER FROM COAL INDIA
Source text: ID:nNSE4fDZYL
Further company coverage: COAL.NS
(([email protected];))
March 10 (Reuters) - Coal India Ltd COAL.NS:
MSTC LTD - RECEIVED WORK ORDER FROM COAL INDIA
Source text: ID:nNSE4fDZYL
Further company coverage: COAL.NS
(([email protected];))
Coal India falls on drop in monthly production, offtake
** Coal India COAL.NS drops 3.1% to 358.05 rupees; among top three drags on Nifty 50 .NSEI, which is trading flat
** State-run miner reports 0.8% y/y decline in production, 4.8% y/y drop in offtake for February
** Morgan Stanley says, "Sharp moderation in offtake was a negative and should weigh on Q4 earnings estimates"
** Adds slow pick-up in power demand continued to drag on production, offtake
** Stock shed as much as 4.6% earlier in the session
** COAL rated "buy" on avg; median PT is 475 rupees - LSEG
** Year-to-date, stock loses 3.9%
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Coal India COAL.NS drops 3.1% to 358.05 rupees; among top three drags on Nifty 50 .NSEI, which is trading flat
** State-run miner reports 0.8% y/y decline in production, 4.8% y/y drop in offtake for February
** Morgan Stanley says, "Sharp moderation in offtake was a negative and should weigh on Q4 earnings estimates"
** Adds slow pick-up in power demand continued to drag on production, offtake
** Stock shed as much as 4.6% earlier in the session
** COAL rated "buy" on avg; median PT is 475 rupees - LSEG
** Year-to-date, stock loses 3.9%
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
Coal India rises on price hike at Northern Coalfields' mines
** Shares of Coal India COAL.NS rise 2.9% to 374 rupees; top pct gainer in Nifty 50 index .NSEI, which is down 1.1%
** Coal India on Thursday announced price hike at all mines of Northern Coalfields, its third biggest unit by volume
** Coal India expects additional revenue of 38.78 billion rupees ($443.85 million) due to coal price hike
** JP Morgan hikes PT on Coal India to 420 rupees from 390 rupees, after cutting PT by 30 rupees early this week
** Price hike partially offsets softening international thermal coal prices, to add 8%-9% to FY26-27 EBITDA, JP Morgan says
** Coal India rated "buy" on average, median PT at 475 rupees - data compiled by LSEG
** Coal India down 2.5% YTD vs ~6% drop in Nifty 50
($1 = 87.3720 Indian rupees)
(Reporting by Sethuraman NR in Bengaluru)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
** Shares of Coal India COAL.NS rise 2.9% to 374 rupees; top pct gainer in Nifty 50 index .NSEI, which is down 1.1%
** Coal India on Thursday announced price hike at all mines of Northern Coalfields, its third biggest unit by volume
** Coal India expects additional revenue of 38.78 billion rupees ($443.85 million) due to coal price hike
** JP Morgan hikes PT on Coal India to 420 rupees from 390 rupees, after cutting PT by 30 rupees early this week
** Price hike partially offsets softening international thermal coal prices, to add 8%-9% to FY26-27 EBITDA, JP Morgan says
** Coal India rated "buy" on average, median PT at 475 rupees - data compiled by LSEG
** Coal India down 2.5% YTD vs ~6% drop in Nifty 50
($1 = 87.3720 Indian rupees)
(Reporting by Sethuraman NR in Bengaluru)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
Coal India Approves 300 Rupees Per Tonne Charge From May 1, 2025
Feb 27 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA LTD - CIL BOARD APPROVES 300 RUPEES PER TONNE CHARGE FROM MAY 1, 2025
COAL INDIA LTD - EXPECTED ADDITIONAL REVENUE AROUND 38.78 BILLION RUPEES
COAL INDIA - 300 RUPEES PER TONNE CHARGE LEVIED UNIFORMLY ACROSS ALL MINES OF NORTHERN COALFIELDS
Source text: ID:nNSE2dN7FQ
Further company coverage: COAL.NS
(([email protected];))
Feb 27 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA LTD - CIL BOARD APPROVES 300 RUPEES PER TONNE CHARGE FROM MAY 1, 2025
COAL INDIA LTD - EXPECTED ADDITIONAL REVENUE AROUND 38.78 BILLION RUPEES
COAL INDIA - 300 RUPEES PER TONNE CHARGE LEVIED UNIFORMLY ACROSS ALL MINES OF NORTHERN COALFIELDS
Source text: ID:nNSE2dN7FQ
Further company coverage: COAL.NS
(([email protected];))
Coal India and France's EDF to form renewables joint venture
Adds detail, paragraphs 4,5
NEW DELHI, Feb 23 (Reuters) - India's state-run Coal India COAL.NS will establish a joint venture with an arm of France's EDF to build renewable power plants in South Asian countries, it said on Sunday.
The joint venture between Coal India and EDF India, will set up pumped-storage hydropower projects and other renewable energy projects in India and neighbouring countries, Coal India said in a stock exchange announcement.
The two companies have signed a non-binding shareholders agreement to form the joint venture, it said.
EDF also signed a joint venture agreement with state-run Indian power company NTPC NTPC.NS to set up hydropower projects and explore opportunities in power distribution, an NTPC statement said.
The 50-50 joint venture will set up projects within India and neighbouring countries, the statement said.
(Reporting by Sarita Chaganti Singh
Editing by Tom Hogue and David Goodman)
(([email protected];))
Adds detail, paragraphs 4,5
NEW DELHI, Feb 23 (Reuters) - India's state-run Coal India COAL.NS will establish a joint venture with an arm of France's EDF to build renewable power plants in South Asian countries, it said on Sunday.
The joint venture between Coal India and EDF India, will set up pumped-storage hydropower projects and other renewable energy projects in India and neighbouring countries, Coal India said in a stock exchange announcement.
The two companies have signed a non-binding shareholders agreement to form the joint venture, it said.
EDF also signed a joint venture agreement with state-run Indian power company NTPC NTPC.NS to set up hydropower projects and explore opportunities in power distribution, an NTPC statement said.
The 50-50 joint venture will set up projects within India and neighbouring countries, the statement said.
(Reporting by Sarita Chaganti Singh
Editing by Tom Hogue and David Goodman)
(([email protected];))
India's thermal coal imports seen falling for second straight year
By Sethuraman N R and Sudarshan Varadhan
NEW DELHI, Feb 11 (Reuters) - India's thermal coal imports are expected to fall for the second straight year in 2025 due to decreasing dependence on coal for power generation, slowing economic activity and record high inventories, industry officials said this week.
All six Indian and international coal traders Reuters spoke with at the Coaltrans India conference in New Delhi expected shipments of the fuel to decline this year.
Three of the traders expected imports to plunge by around 10% to about 155 million metric tons. Two of them expected a fall of 1-2%, while another trader forecast a 7-8% decline. None of the traders wanted to be identified as they were not authorised to speak to the media.
The tepid outlook for the world's second largest importer of the polluting fuel behind China comes as traders are worried about a global coal supply glut. Lower Indian appetite for imports could further pressure prices.
India's imports of the power generating fuel declined about 2% to 173 million metric tons in 2024, data from consultancy Bigmint showed, due mainly to surging production by the world's largest coal miner Coal India COAL.NS, which pushed stockpiles at power plants to record highs.
Higher production by Coal India has helped India slash dependence on imports by 5.5 percentage points over a decade to 20.5% in 2024, data from Indian coal trading firm I-Energy showed.
The drop in imports were also driven by an increased demand for petroleum coke by the cement industry, as the price-sensitive market preferred the less expensive alternative, the data showed.
"2025 is expected to see the cement sector prioritizing petcoke over thermal coal due to its competitive pricing," Vasudev Pamnani, director at I-Energy said in his presentation, adding that higher production by private miners also resulted in reduced buying by traders.
(Reporting by NR Sethuraman and Sudarshan Varadhan; Editing by Kim Coghill)
(([email protected]; +65 91164984;))
By Sethuraman N R and Sudarshan Varadhan
NEW DELHI, Feb 11 (Reuters) - India's thermal coal imports are expected to fall for the second straight year in 2025 due to decreasing dependence on coal for power generation, slowing economic activity and record high inventories, industry officials said this week.
All six Indian and international coal traders Reuters spoke with at the Coaltrans India conference in New Delhi expected shipments of the fuel to decline this year.
Three of the traders expected imports to plunge by around 10% to about 155 million metric tons. Two of them expected a fall of 1-2%, while another trader forecast a 7-8% decline. None of the traders wanted to be identified as they were not authorised to speak to the media.
The tepid outlook for the world's second largest importer of the polluting fuel behind China comes as traders are worried about a global coal supply glut. Lower Indian appetite for imports could further pressure prices.
India's imports of the power generating fuel declined about 2% to 173 million metric tons in 2024, data from consultancy Bigmint showed, due mainly to surging production by the world's largest coal miner Coal India COAL.NS, which pushed stockpiles at power plants to record highs.
Higher production by Coal India has helped India slash dependence on imports by 5.5 percentage points over a decade to 20.5% in 2024, data from Indian coal trading firm I-Energy showed.
The drop in imports were also driven by an increased demand for petroleum coke by the cement industry, as the price-sensitive market preferred the less expensive alternative, the data showed.
"2025 is expected to see the cement sector prioritizing petcoke over thermal coal due to its competitive pricing," Vasudev Pamnani, director at I-Energy said in his presentation, adding that higher production by private miners also resulted in reduced buying by traders.
(Reporting by NR Sethuraman and Sudarshan Varadhan; Editing by Kim Coghill)
(([email protected]; +65 91164984;))
India seeking energy, lithium investments in Argentina
By Lucila Sigal
BUENOS AIRES, Jan 29 (Reuters) - India is looking to expand its investments in Argentina's mining, gas and oil sectors, with a focus on lithium, to secure resources needed for its energy transition, the country's mining secretary told Reuters.
Secretary V.L. Kantha Rao visited Buenos Aires for the first in-person meeting with Argentine counterparts since the two countries tied up a preliminary agreement in 2022 on mineral exploration, critical minerals supply and technology development.
Indian state firms Khanij Bidesh India Ltd (KABIL) and Coal India COAL.NS, along with private company Greenko, are already exploring lithium in Argentina's northwest province of Catamarca, on the border with Chile.
"We hope that in the next six months there will be a new announcement," Rao told Reuters at an event at the Indian embassy in Argentina on Tuesday, where he added that there is interest in other nearby provinces such as Salta.
India, a major greenhouse gas emitter, is securing key minerals in resource-rich nations like Australia, Argentina, and Chile. Prime Minister Narendra Modi's government has identified 30 critical minerals, including lithium, for its clean energy push.
"India has a very ambitious plan to transition many vehicles to electric. We aim to convert 30% of our vehicles by 2030," India's ambassador to Argentina, Dinesh Bhatia, told Reuters.
Indian officials, who will visit Catamarca and meet Argentine Economy Minister Luis Caputo, touted potential benefits from the Latin American nation's so-called Large Investment Incentive Regime (RIGI), which offers tax benefits for investments over $200 million.
"We want a stable (framework), not one that changes every five years," Rao told reporters. "Right now, policies are investment-friendly, and companies are coming."
Argentina, the world's fourth-largest lithium exporter, is part of the "lithium triangle" with Chile and Bolivia. President Javier Milei is pushing deregulation to attract investment and ease a prolonged economic crisis.
India is also eyeing investments in Argentina's copper, gold, gas and oil resources. Last week, Argentina's state-controlled oil firm YPF YPFDm.BA signed a memorandum of understanding with three Indian companies for potential liquefied natural gas (LNG) exports.
(Reporting by Lucila Sigal; Writing by Natalia Siniawski; Editing by Kirsten Donovan)
(([email protected];))
By Lucila Sigal
BUENOS AIRES, Jan 29 (Reuters) - India is looking to expand its investments in Argentina's mining, gas and oil sectors, with a focus on lithium, to secure resources needed for its energy transition, the country's mining secretary told Reuters.
Secretary V.L. Kantha Rao visited Buenos Aires for the first in-person meeting with Argentine counterparts since the two countries tied up a preliminary agreement in 2022 on mineral exploration, critical minerals supply and technology development.
Indian state firms Khanij Bidesh India Ltd (KABIL) and Coal India COAL.NS, along with private company Greenko, are already exploring lithium in Argentina's northwest province of Catamarca, on the border with Chile.
"We hope that in the next six months there will be a new announcement," Rao told Reuters at an event at the Indian embassy in Argentina on Tuesday, where he added that there is interest in other nearby provinces such as Salta.
India, a major greenhouse gas emitter, is securing key minerals in resource-rich nations like Australia, Argentina, and Chile. Prime Minister Narendra Modi's government has identified 30 critical minerals, including lithium, for its clean energy push.
"India has a very ambitious plan to transition many vehicles to electric. We aim to convert 30% of our vehicles by 2030," India's ambassador to Argentina, Dinesh Bhatia, told Reuters.
Indian officials, who will visit Catamarca and meet Argentine Economy Minister Luis Caputo, touted potential benefits from the Latin American nation's so-called Large Investment Incentive Regime (RIGI), which offers tax benefits for investments over $200 million.
"We want a stable (framework), not one that changes every five years," Rao told reporters. "Right now, policies are investment-friendly, and companies are coming."
Argentina, the world's fourth-largest lithium exporter, is part of the "lithium triangle" with Chile and Bolivia. President Javier Milei is pushing deregulation to attract investment and ease a prolonged economic crisis.
India is also eyeing investments in Argentina's copper, gold, gas and oil resources. Last week, Argentina's state-controlled oil firm YPF YPFDm.BA signed a memorandum of understanding with three Indian companies for potential liquefied natural gas (LNG) exports.
(Reporting by Lucila Sigal; Writing by Natalia Siniawski; Editing by Kirsten Donovan)
(([email protected];))
Street View: India's economic growth, power demand to drive Coal India's volume growth
** Coal India COAL.NS reported Q3 profit fall on Monday, hurt by a drop in sales volumes due to weak power demand
** At least eight analysts cut PT after results, median PT at 490 rupees vs 541 rupees a month ago - LSEG data
** Stock rated "buy" on average - LSEG data
COAL VOLUME GROWTH LIKELY STRONG IN NEAR-MEDIUM TERM
** PhillipCapital ("buy"; PT 535 rupees) says medium-term structural volume growth story intact as India's peak energy demand expected to grow at 7% CAG
** CLSA ("outperform"; cuts PT to 490 rupees from 560 rupees) says near-term coal demand likely strong, volume growth likely to pick up with new thermal capacities coming up in India
** Jefferies ("buy"; PT 475 rupees) says India's strong economic growth outlook should fuel healthy coal volume growth, e-auction premiums should recover
(Reporting by Sethuraman NR in Bengaluru)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
** Coal India COAL.NS reported Q3 profit fall on Monday, hurt by a drop in sales volumes due to weak power demand
** At least eight analysts cut PT after results, median PT at 490 rupees vs 541 rupees a month ago - LSEG data
** Stock rated "buy" on average - LSEG data
COAL VOLUME GROWTH LIKELY STRONG IN NEAR-MEDIUM TERM
** PhillipCapital ("buy"; PT 535 rupees) says medium-term structural volume growth story intact as India's peak energy demand expected to grow at 7% CAG
** CLSA ("outperform"; cuts PT to 490 rupees from 560 rupees) says near-term coal demand likely strong, volume growth likely to pick up with new thermal capacities coming up in India
** Jefferies ("buy"; PT 475 rupees) says India's strong economic growth outlook should fuel healthy coal volume growth, e-auction premiums should recover
(Reporting by Sethuraman NR in Bengaluru)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
PREVIEW-Coal India drops ahead of Q3 results
** State-owned miner Coal India COAL.NS slides 2% to 375.4 rupees ahead of Q3 results later in the day
** Analysts, on avg, expect COAL to report ~5% y/y decline in Q3 consol profit to 86.57 bln rupees ($1 bln), per LSEG data
** Axis Securities expects adjusted core profit to fall 5% y/y on lower realisation due to weaker e-auction premiums, partially offset by higher offtake
** Analysts' avg rating on stock is "buy", median PT is 525 rupees - LSEG data
** COAL stock lost ~25% in Oct-Dec, its biggest qtrly loss since March 2020
** Stock gained 2% in 2024 vs 8.8% rise in Nifty 50 index .NSEI
($1 = 86.3800 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** State-owned miner Coal India COAL.NS slides 2% to 375.4 rupees ahead of Q3 results later in the day
** Analysts, on avg, expect COAL to report ~5% y/y decline in Q3 consol profit to 86.57 bln rupees ($1 bln), per LSEG data
** Axis Securities expects adjusted core profit to fall 5% y/y on lower realisation due to weaker e-auction premiums, partially offset by higher offtake
** Analysts' avg rating on stock is "buy", median PT is 525 rupees - LSEG data
** COAL stock lost ~25% in Oct-Dec, its biggest qtrly loss since March 2020
** Stock gained 2% in 2024 vs 8.8% rise in Nifty 50 index .NSEI
($1 = 86.3800 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
Coal India, IREL Sign Memorandum Of Understanding
Jan 6 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA LTD - CO AND IREL SIGN MEMORANDUM OF UNDERSTANDING
COAL INDIA LTD - MOU AIMS TO DEVELOP CRITICAL MINERALS
Source text: ID:nNSE5CSq9g
Further company coverage: COAL.NS
(([email protected];))
Jan 6 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA LTD - CO AND IREL SIGN MEMORANDUM OF UNDERSTANDING
COAL INDIA LTD - MOU AIMS TO DEVELOP CRITICAL MINERALS
Source text: ID:nNSE5CSq9g
Further company coverage: COAL.NS
(([email protected];))
KPI Green Energy rises on solar plant order from Coal India
** Shares of solar power company KPI Green Energy KPIG.NS rise 2.6% to 799.40 rupees
** KPIG gets order for setting up 300 MW alternating current solar photovoltaic plant, including operation and maintenance for 5 years, from Coal India COAL.NS
** Project will be executed at Khavda in Gujarat at contract price of 13.11 bln rupees ($154.72 mln)
** KPIG up 63% YTD
($1 = 84.7310 Indian rupees)
(Reporting by Vijay Malkar)
(([email protected];))
** Shares of solar power company KPI Green Energy KPIG.NS rise 2.6% to 799.40 rupees
** KPIG gets order for setting up 300 MW alternating current solar photovoltaic plant, including operation and maintenance for 5 years, from Coal India COAL.NS
** Project will be executed at Khavda in Gujarat at contract price of 13.11 bln rupees ($154.72 mln)
** KPIG up 63% YTD
($1 = 84.7310 Indian rupees)
(Reporting by Vijay Malkar)
(([email protected];))
Coal India, BPCL executes MoU To Explore Setting Up Coal To Synthetic Natural Gas Project
Dec 2 (Reuters) - Bharat Petroleum Corporation Ltd BPCL.NS:
COAL INDIA - MEMORANDUM OF UNDERSTANDING BETWEEN COAL INDIA AND BHARAT PETROLEUM CORPORATION
COAL INDIA - MOU TO EXPLORE SETTING UP COAL TO SYNTHETIC NATURAL GAS PROJECT
Further company coverage: BPCL.NS
(([email protected];))
Dec 2 (Reuters) - Bharat Petroleum Corporation Ltd BPCL.NS:
COAL INDIA - MEMORANDUM OF UNDERSTANDING BETWEEN COAL INDIA AND BHARAT PETROLEUM CORPORATION
COAL INDIA - MOU TO EXPLORE SETTING UP COAL TO SYNTHETIC NATURAL GAS PROJECT
Further company coverage: BPCL.NS
(([email protected];))
Coal India Revises Add-On Price Of Coal With Respect To Rajmahal Area Of Eastern Coalfields
Nov 29 (Reuters) - Coal India Ltd COAL.NS:
REVISION OF ADD-ON PRICE OF COAL WITH RESPECT TO RAJMAHAL AREA OF EASTERN COALFIELDS
EASTERN COALFIELDS TO EARN ADDITIONAL 3 BILLION RUPEES PER ANNUM
APPROVES REVISION OF ADD-ON PRICE OF UNIT TO 700 RUPEES PER TONNE
Source text: ID:nNSE8jVqMN
Further company coverage: COAL.NS
(([email protected];;))
Nov 29 (Reuters) - Coal India Ltd COAL.NS:
REVISION OF ADD-ON PRICE OF COAL WITH RESPECT TO RAJMAHAL AREA OF EASTERN COALFIELDS
EASTERN COALFIELDS TO EARN ADDITIONAL 3 BILLION RUPEES PER ANNUM
APPROVES REVISION OF ADD-ON PRICE OF UNIT TO 700 RUPEES PER TONNE
Source text: ID:nNSE8jVqMN
Further company coverage: COAL.NS
(([email protected];;))
Coal India To Allow Coal Supplies Beyond Annual Contracted Quantity To NRS Customers
Nov 21 (Reuters) - Coal India Ltd COAL.NS:
TO ALLOW COAL SUPPLIES BEYOND ANNUAL CONTRACTED QUANTITY TO NRS CUSTOMERS
Source text: ID:nNSE5PRSgQ
Further company coverage: COAL.NS
(([email protected];;))
Nov 21 (Reuters) - Coal India Ltd COAL.NS:
TO ALLOW COAL SUPPLIES BEYOND ANNUAL CONTRACTED QUANTITY TO NRS CUSTOMERS
Source text: ID:nNSE5PRSgQ
Further company coverage: COAL.NS
(([email protected];;))
Coal India - Oct Offtake Falls 0.5% Y/Y
Nov 1 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA - OCT OFFTAKE FALLS 0.5% Y/Y
COAL INDIA - OCT PRODUCTION UP 2.3% Y/Y
Source text: ID:nnAZN2JUPK5
Further company coverage: COAL.NS
(([email protected];))
Nov 1 (Reuters) - Coal India Ltd COAL.NS:
COAL INDIA - OCT OFFTAKE FALLS 0.5% Y/Y
COAL INDIA - OCT PRODUCTION UP 2.3% Y/Y
Source text: ID:nnAZN2JUPK5
Further company coverage: COAL.NS
(([email protected];))
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What does Coal India do?
Coal India Limited (CIL) is the largest coal mining corporate globally, established in 1975 as a state-owned entity. It holds the prestigious Maharatna status, focusing on coal mining, production, and operating washeries serving various sectors like power, steel, cement, and fertilizers.
Who are the competitors of Coal India?
Coal India major competitors are Adani Enterprises, Anmol India, Reetech Internation, Jainam Ferro Alloys, Nagpur Power & Inds.. Market Cap of Coal India is ₹2,45,800 Crs. While the median market cap of its peers are ₹160 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 2.55 and is ranked 5 out of its 6 competitors.
Does Coal India pay decent dividends?
The company seems to pay a good stable dividend. Coal India latest dividend payout ratio is 42.02% and 3yr average dividend payout ratio is 49.81%
How has Coal India allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Coal India balance sheet?
Balance sheet of Coal India is moderately strong.
Is the profitablity of Coal India improving?
The profit is oscillating. The profit of Coal India is ₹34,840 Crs for TTM, ₹37,402 Crs for Mar 2024 and ₹31,763 Crs for Mar 2023.
Is the debt of Coal India increasing or decreasing?
Yes, The net debt of Coal India is increasing. Latest net debt of Coal India is -₹25,306.91 Crs as of Mar-25. This is greater than Mar-24 when it was -₹54,181.31 Crs.
Is Coal India stock expensive?
Yes, Coal India is expensive. Latest PE of Coal India is 6.95, while 3 year average PE is 6.91. Also latest EV/EBITDA of Coal India is 4.69 while 3yr average is 4.22.
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 ~31.5% over the last 2yrs while peers have grown at a median rate of 1.92%
Is the promoter bullish about Coal India?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Coal India is 63.13% and last quarter promoter holding is 63.13%.
Are mutual funds buying/selling Coal India?
The mutual fund holding of Coal India is increasing. The current mutual fund holding in Coal India is 11.38% while previous quarter holding is 10.81%.