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Coal India Ltd is up for a third straight session today. The stock is quoting at Rs 449.6, up 1.25% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.16% on the day, quoting at 25302.45. The Sensex is at 82334.29, down 0.01%. Coal India Ltd has gained around 12.96% in last one month.
Meanwhile, Nifty Energy index of which Coal India Ltd is a constituent, has gained around 0.72% in last one month and is currently quoting at 34685.45, up 1.1% on the day. The volume in the stock stood at 80.11 lakh shares today, compared to the daily average of 101.8 lakh shares in last one month.
The benchmark February futures contract for the stock is quoting at Rs 448.25, up 1.75% on the day. Coal India Ltd is up 16.76% in last one year as compared to a 8.83% jump in NIFTY and a 6.18% jump in the Nifty Energy index.
The PE of the stock is 12.88 based on TTM earnings ending September 25.
In a continuous endeavour to improve the quality of domestic coal supply, Coal India (CIL) is progressively stepping up coal despatches through silo based mechanized loading system, integrated with Auto Mechanical Samplers. This technology-driven process ensures greater consistency in coal quality, circumventing human interference, while significantly reducing quality-related concerns of consumers.
To ensure an impartial, transparent, and credible determination of coal quality, as stipulated under the provisions of the Fuel Supply Agreement, CIL facilitates sampling and testing through independent Third Party Sampling Agencies (TPSAs). Currently, 11 TPSAs are on board empaneled by Power Finance Corporation Limited (PFCL) to carry out sampling and analysis at coal loading points of CIL's subsidiary companies. Coal consumers have the flexibility to select a TPSA of their choice from the PFCL-empaneled agencies for quality assessment.
Till December FY 2026, CIL has despatched about 375 Million Tonnes (MTs) of coal through rail mode which was sampled by TPSAs. Of this, half of the despatches were made through silos where the installed auto mechanical samplers ensured high standards of coal quality process control. CIL is aiming to increase this quantity to around 80% in the current fiscal. In a bid to achieve this steep target the commissioning of new first mile connectivity projects and loading through silos is rigorously followed.
Based on coal quality sampling analysis provided by TPSAs and referee labs, CIL's overall grade conformity has risen to 85% till December of the ongoing fiscal year. The same was 82% year ago same period. The increased silo loading efforts by CIL are going to further scale up the conformity.
CIL has also taken steps to introduce online analysis at two of its subsidiaries to obtain real time quality assessment results. The move is aimed at further promoting the use of technology and transparency in the sampling.
Notwithstanding these measures, by nature, Indian coal is so highly heterogeneous that, coal even within the same seam displays different grades. Owing to this, very seldom does the gross calorific value matches for two samples taken from different locations of the same rake. However, the use of technology for quality assessment has become a major focus area for CIL.
Coal India announced that Bharat Coking Coal, pursuant to its IPO, has sold 465,700,000 equity shares at an issue price of Rs 23 per share which were offered for sale by the Company. Bharat Coking Coal has been listed on BSE and National Stock Exchange of India effective 19 January 2026.
As a result of the above, the Company's shareholding in Bharat Coking Coal stands reduced from 100% to 90% (i.e., from 4,657,000,000 equity shares to 4,191,300,000 equity shares) of the issued and paid-up equity share capital of Bharat Coking Coal.
Consequent to the above, Bharat Coking Coal ceases to be a wholly-owned subsidiary of the Company. However, it continues to remain a subsidiary of the Company.
In a first, effective 1 January 2026, Coal India (CIL) has permitted coal consumers located in the neighbouring countries like Bangladesh, Bhutan and Nepal, who wish to import coal from India, to directly participate in the Single Window Mode Agnostic (SWMA) auctions conducted by the company.
CIL's Board has cleared the decks recently for this move, tweaking the scheme's mechanism in the SWMA auction.
“Opening SWMA e-auctions to foreign buyers reflects CIL's calibrated approach to market expansion while fully safeguarding domestic coal requirements. This step enhances transparency, competition and global market integration” said a senior company official.
Under the revised framework, foreign buyers can participate alongside domestic buyers in SWMA auction. Earlier, access to CIL's coal by coal consumers across the borders was only through domestic coal traders who were allowed to buy and sell coal without any end use restrictions.
All operational and procedural modalities have been incorporated in the updated Scheme. Key provisions for foreign buyers include one-time registration, participation through digital bidding, advance electronic payments and export through notified logistics channels.
Payment process would be transparent as per Foreign Exchange Management Act (FEMA) rules. While buyers from Nepal can make the payments in INR as well as US Dollar, buyers from the other two countries are required to affect their payment in US Dollars, valuation of which would be on INR.
Earlier, CIL had dialogues with the prospective coal consumers from abroad to categorize the enabling clauses and gauge their need of coal.
Under the revised framework, foreign buyers are permitted to take part in SWMA auctions alongside domestic consumers. Earlier, coal consumers from across the border could access Coal India’s coal only through domestic traders, who were allowed to buy and sell coal without any end-use restrictions.
Payment process would be transparent as per Foreign Exchange Management Act (FEMA) rules. While buyers from Nepal can make the payments in rupees as well as US Dollar, buyers from the other two countries are required to affect their payment in US Dollars, valuation of which would be on rupees.
“Opening SWMA e-auctions to foreign buyers reflects CIL’s calibrated approach to market expansion while fully safeguarding domestic coal requirements. This step enhances transparency, competition and global market integration” said a senior company official.
Coal India is mainly engaged in mining and production of Coal and also operates Coal washeries. The major consumers of the company are power and steel sectors. Consumers from other sectors include cement, fertilizers, brick kilns.
The company’s consolidated net profit tanked 30.32% to Rs 4,354.24 crore on a 1.10% fall in total income to Rs 32,327.16 crore in Q2 FY26, compared with Q2 FY25.
Coal India Ltd is up for a third straight session today. The stock is quoting at Rs 421.7, up 5.31% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.55% on the day, quoting at 26289.4. The Sensex is at 85636.03, up 0.53%. Coal India Ltd has gained around 12.38% in last one month.
Meanwhile, Nifty Energy index of which Coal India Ltd is a constituent, has gained around 2.78% in last one month and is currently quoting at 35507.65, up 1.62% on the day. The volume in the stock stood at 169.41 lakh shares today, compared to the daily average of 51.22 lakh shares in last one month.
The benchmark January futures contract for the stock is quoting at Rs 425.1, up 5.64% on the day. Coal India Ltd is up 7.13% in last one year as compared to a 9.52% jump in NIFTY and a 0.52% jump in the Nifty Energy index.
The PE of the stock is 11.61 based on TTM earnings ending September 25.