NSE:COALINDIA

Coal India to Invest in Renewable Energy Joint Venture

Coal India (BOM:533278, NSE:COALINDIA) will invest 2.22 million rupees in a rights issue of its renewable energy joint venture, CIL Rajasthan Akshay Urja, according to a Monday stock exchange filing.The state-owned miner will subscribe to 222,000 equity shares at 10 rupees each, maintaining its 74% stake in the joint venture.Partner Rajasthan Rajya Vidyut Urja Nigam will subscribe to 78,000 shares.The joint venture was incorporated in June 2025 to develop, construct and operate solar, wind and pumped storage power projects, and supply renewable power to distribution companies and other customers across India.

Coal India's Fiscal Q1 Profit Rises

Coal India's (NSE:COALINDIA) consolidated attributable profit for the fiscal first quarter rose to 88.5 billion rupees from nearly 88 billion rupees a year ago.The coal miner's earnings per share stood at 14.36 rupees, compared with 14.27 rupees a year earlier, according to a stock exchange filing on Monday.Revenue rose to 462.5 billion rupees for the three months ended June 30 from 429.2 billion rupees a year ago.The company declared a first interim dividend of 5.50 rupees per share, payable by Aug. 25.

Coal India Receives Commissioning Certificate for 200 MW of Khavda Solar Project in Gujarat

Coal India (NSE:COALINDIA, BOM:533278) has received a commissioning certificate from the Gujarat Energy Development Agency for 200 MW solar power capacity at its 300 MW solar project in Khavda, Gujarat, according to an Indian bourse filing.

Coal India Commits INR19 Billion for R&D

Indian state-owned Coal India (NSE:COALINDIA, BOM:533278) said Tuesday it will invest around 19 billion Indian rupees in research and development by fiscal 2030.The firm plans to release funds to multiple centers established at Indian universities for pilot-scale research under an industry-academia partnership.The research portfolio will span several areas, including clean coal energy and net-zero technologies, the miner said.

Coal India to Offer 35 Million Tons in Linkage Auction

Coal India (NSE:COALINDIA, BOM:533278) will offer 35 million tons of coal under its linkage auction window on June 12, according to a company statement filed with Indian bourses on Friday.The offer is aimed at non-regulated sector consumers, including sponge iron units, and is intended to reduce reliance on imported coal, the company said.The company has also allowed steel (coking) sub-sector consumers to sell coal middlings in the open market. It said steel plants may use middlings for captive power generation, and remaining volumes can be sold, the filing said.Under the current tranche of linkage auctions that began on June 3, Coal India has also offered around 13.8 million tons of coal to the steel (coking) sector. It has increased flexibility on consortium partner changes during the contract period from two to five times.Non-regulated sector consumers setting up greenfield or brownfield projects will also be allowed to secure coal linkages before project commissioning, with coal available within three years of participation in linkages, the filing said.

Coal India's Fuel Offtake Increases 2.2% in May

Coal India (NSE:COALINDIA, BOM:533278) fuel offtake rose 2.2% to 66.7 million tons in May from 65.2 million tonnes a year ago, according to an Indian bourse filing on Monday.The company's coal output fell 12% year on year to 56.1 million tons, the filing said.

Indian Government to Sell Up To 2% Stake in Coal India

The Indian government plans to divest up to 2% stake in Coal India (NSE:COALINDIA, BOM:533278) through an offer for sale between May 27 and May 29, the mining behemoth said in a filing to the Indian stock exchanges on Tuesday.The government has fixed the floor price at 412 Indian rupees per equity share, representing a discount of nearly 10% to Coal India's Tuesday closing price of 455.90 rupees on the National Stock Exchange of India.Through the OFS, the government plans to sell 61.6 million equity shares, amounting to 1% of Coal India's paid-up equity capital, as the base offer. It has also retained an oversubscription option to offload an additional 61.6 million shares, bringing the total offer size to 123.2 million shares, or 2% of the company's equity.The share sale will open for non-retail investors on May 27, and on May 29, it will be open to retail investors, eligible employees, and non-retail investors who wish to carry forward unallotted bids.The OFS will be conducted through a separate window mechanism on both the BSE and NSE in accordance with the Securities and Exchange Board of India guidelines.Coal India said 25,000 equity shares may also be reserved for eligible employees, subject to regulatory approval, with employees allowed to bid for shares worth up to 500,000 rupees.

Coal India Dissolves Solar PV Subsidiary

Coal India (NSE:COALINDIA, BOM:533278) has dissolved its wholly-owned subsidiary named "CIL Solar PV," according to a Tuesday filing to the Indian stock exchanges.The unit has been struck off from the Register of Companies, and it is now dissolved.

Larsen & Toubro Bags Order to Develop Coal-to-Ammonium-Nitrate Project in Odisha, India

Larsen & Toubro's (NSE:LT, BOM:500510) hydrocarbon business has secured a "significant" order valued between 10 billion Indian rupees and 25 billion rupees, from Bharat Coal Gasification and Chemicals, according to a Friday filing to the Indian stock exchanges.Bharat Coal is a joint venture of Coal India (NSE:COALINDIA, BOM:533278) and Bharat Heavy Electricals (NSE:BHEL, BOM:500103).The contract is for developing a coal-to-ammonium-nitrate project in Odisha, India, to enable downstream manufacture of nitric acid and ammonium nitrate.The scope of work includes the process licence, basic design, detailed engineering, procurement and construction, overall project management, and final handover of the ammonia synthesis unit and its associated facilities.The company's shares were down over 1% in recent trade.

Larsen & Toubro to Undertake Coal-to-Ammonia-Nitrate Project in Odisha, India

The hydrocarbon onshore business of Larsen & Toubro (NSE:LT, BOM:500510) has secured a "large order," valued between 25 billion Indian rupees and 50 billion rupees, from Bharat Coal Gasification and Chemicals, a joint venture of Coal India (NSE:COALINDIA, BOM:533278) and Bharat Heavy Electricals (NSE:BHEL, BOM:500103).The contract involves the establishment of a coal-to-ammonia-nitrate facility in Odisha, India, according to a Tuesday filing to the Indian stock exchanges.Larsen & Toubro will set up a nitric acid and ammonium nitrate plant, to be executed on a lump sum turnkey basis. The facility enables the conversion of coal into ammonium nitrate at a production capacity of 2,000 tons per day.Larsen & Toubro shares were down over 1% in recent trade.

Jefferies Adjusts Coal India's Price Target to INR500 from INR485, Keeps at Buy

Coal India's Consolidated Profit Rises in Fiscal Q4

Coal India's (NSE:COALINDIA, BOM:533278) consolidated attributable profit grew to 108.4 billion Indian rupees in the fiscal fourth quarter ended March 31, from 97.5 billion rupees a year ago.The coal miner's earnings per share climbed to 17.59 rupees from 15.82 rupees a year earlier, according to a Monday filing to the Indian stock exchanges. The EPS was higher than the 15.46 rupees estimated by the analysts polled by Visible Alpha.Revenue from operations in fiscal Q4 also increased to 464.90 billion rupees from 439.6 billion rupees a year ago. This was also higher than Visible Alpha's estimate of 407.8 billion rupees.The company's board declared a final dividend of 5.25 rupees per equity share of the face value of 10 rupees each for the financial year 2025-26.

Sterling and Wilson Emerges Lowest Bidder For Order Worth INR34.9 Billion; Shares Jump 12%

Sterling and Wilson Renewable Energy (NSE:SWSOLAR, BOM:542760) has emerged as the lowest bidder for an order worth 34.9 billion Indian rupees through a tender floated by Coal India (NSE:COALINDIA, BOM:533278), according to a Monday filing to the Indian stock exchanges.The contract is for a turnkey engineering, procurement, and construction (EPC) package for the development of a 875 MW (AC) grid-connected solar PV project in Bikaner in Rajasthan, India.The company also bagged an order for a 50 MW AC project in Maharashtra, India, from an Indian private independent power producer.With these new order wins, the total value of EPC order inflow in the financial year 2026 has crossed 100.6 billion rupees.The company's shares were up nearly 12% in recent trade.