Coal India Limited reported a consolidated profit after tax of ₹8,852 crore for Q1 FY27, representing a 0.63% year-on-year increase from ₹8,797 crore in the corresponding quarter last year. However, revenue from operations grew 8% to ₹46,255 crore compared to ₹42,919 crore in Q1 FY26, while EBITDA declined 4% to ₹12,069 crore from ₹12,588 crore. The EBITDA margin compressed to 26.09% from 29.33% year-on-year, indicating pressure on operational efficiency. Total expenses rose 11.9% to ₹36,816 crore compared with ₹32,903 crore in the year-ago quarter. On a sequential basis, profit declined 18.9% from ₹10,839 crore in the March quarter, while revenue remained broadly flat.
Mahanadi Coalfields has filed a draft red herring prospectus (DRHP) with SEBI to raise funds through an IPO, with the proposed public issue comprising entirely an offer for sale (OFS) of 66.18 crore equity shares by Coal India. As part of the proposed public issue, Coal India will offer up to 66.18 crore shares of Mahanadi Coalfields in an offer for sale (OFS) with no proceeds to MCL. According to the draft offer documents, all proceeds from the IPO will accrue to the selling shareholder, Coal India, after deduction of offer-related expenses and applicable taxes. SBI Capital Markets, Axis Capital, BOB Capital Markets, IDBI Capital Markets & Securities and IIFL Capital Services have been appointed as book-running lead managers, while Mahanadi Coalfields shares are proposed to be listed on the BSE and NSE. The proposed listing follows the Department of Investment and Public Asset Management's approval in May to divest up to 25% of Coal India's stake in MCL through a public issue, with Coal India initially planning to dilute 10% of its equity stake. This marks the third subsidiary listing following the successful precedents of Bharat Coking Coal Ltd (BCBL) in January and Central Mine Planning and Design Institute Ltd (CMPDI) in March 2026.
Coal India is pursuing an aggressive diversification strategy beyond coal mining, with Chairman and Managing Director B Sairam announcing nearly ₹50,000 crore investment in coal gasification projects. The state-run miner is establishing a robust coal gasification ecosystem in India, with CIL's first commercial coal gasification project moving into execution phase at Bharat Coal Gasification and Chemicals (BCGCL) at Odisha's Lakhanpur. BCGCL, a 51:49 joint venture between CIL and BHEL, is investing over ₹25,000 crore in the project with an annual capacity of 660,000 tonnes of ammonium nitrate. The project has received ₹1,350 crore under the Centre's ₹8,500-crore financial incentive scheme for coal and lignite gasification projects. Two additional gasification projects in West Bengal with GAIL and Maharashtra with BPCL are at the detailed project report and tendering stages. As per The Economic Times, together, these three projects involving a cumulative investment of about ₹50,000 crore are expected to reduce the country's dependence on imported chemicals and natural gas.
Coal India is positioning itself in critical minerals, having secured five assets spanning graphite, rare earth elements and rare metals, and is evaluating opportunities in Chile, Argentina and Australia. Chile is one of the key markets CIL is exploring for lithium assets, with the company discussing a possible stake in a Chilean asset and having signed non-disclosure pacts with potential overseas partners. To facilitate overseas critical-mineral acquisitions, the company has incorporated CIL Global in Singapore. The company is also targeting 9.5 gigawatts of renewable capacity by FY30, with plans to integrate battery storage with new solar projects. As per The Economic Times, CIL remains strongly committed to the government's coal gasification push, with the ₹37,500-crore scheme expected to accelerate projects and support import substitution, energy security and value addition to domestic coal.
Coal India's total coal supplies increased 5.5% to 60.60 million tonnes in August FY27 compared to 57.40 MT in the corresponding month last year, as per latest regulatory filings. However, production declined 5.7% to 47.5 MT from 50.4 MT year-on-year, creating a gap of 13.1 MT between supplies and production. The company continued its supply-first strategy, drawing down accumulated pithead inventories to meet demand requirements. Coal supplies to the power sector during the month rose 4.5% to 48.46 MT compared to 46.39 MT in August FY26, while coal supplies to the non-regulated sector increased 9.6% to 12.12 MT from 11.06 MT. Coal India's total coal supplies during the first five months of FY27 reached 322.90 MT, compared to 302.60 MT during the corresponding period of the previous year, registering a growth of 6.70%. The higher supplies also enabled Coal India to liquidate around 55 MT of pithead coal stocks during the first five months of FY 2026-27. With approximately 76 MT of coal currently available at its pitheads, CIL has sufficient inventory to support power generation requirements in the coming months.
Coal India Limited held its 52nd Annual General Meeting on August 31, 2026, approving a final dividend of ₹5.25 per equity share for FY26. The Maharatna PSU reported consolidated revenue from operations of ₹1,68,400 crore in FY26, down slightly from ₹1,69,177 crore in the previous year. Profit after tax declined to ₹31,071 crore from ₹35,450 crore, while EBITDA fell to ₹53,276 crore from ₹57,139 crore. The payout maintains the total annual dividend at ₹26.50 per share despite a moderation in profitability. The board declared three interim dividends aggregating ₹21.25 per share during the year and has recommended the final dividend of ₹5.25 per share, subject to shareholder approval. As per Business Standard, CIL paid around ₹10,272 crore as dividend to the Government of India in 2025-26, even as consolidated net profit declined 12% during the year. The company has also declared an interim dividend of ₹5.50 per share for FY27, with July 31, 2026 fixed as the record date.
Coal India shares ended at ₹401.6 apiece on the National Stock Exchange on Tuesday, September 1, 2026, falling marginally 0.04% according to latest market data. From the beginning of the year, Coal India shares have gained 0.5%, though they have declined 3% over a month's time and 6% for a six-month period. As per NSE data, Coal India has a total market capitalisation of ₹2.47 lakh crore as of September 1, 2026. The stock had hit a 52-week high of ₹491.25 on April 30, 2026, and a 52-week low of ₹369.60 on November 25, 2025. The latest supply growth data and operational improvements are expected to keep the stock in focus among investors, with the company's strategic focus on supply-first approach and inventory reduction demonstrating operational efficiency, while the ₹50,000 crore gasification investment and critical minerals expansion position the company for long-term growth beyond traditional coal mining.
