Shares of Coal India Ltd (CIL) have been buying and selling virtually 2% larger on 7 October after the corporate introduced signing a Memorandum of Understanding (MoU) with Chhattisgarh Mineral Improvement Company Ltd. (CMDC).
The agency and the Chhattisgarh Mineral Improvement Company Ltd. (CMDC), a Chhattisgarh State Authorities endeavor, have signed a non-binding MoU to collaborate on the exploration and improvement of key minerals and different minerals of mutual curiosity.
In September, the Ministry of Mines, Authorities of India, proclaimed the corporate to be the chosen bidder for the Ontillu-Chandragiri Uncommon Earth Aspect (REE) exploration block.
Coal India Ltd reported a 3.9% year-on-year decline in coal manufacturing to 48.97 million tonnes (MT) in September 2025, in comparison with 50.94 MT in the identical month final 12 months. The autumn in output comes regardless of authorities initiatives to ramp up home coal manufacturing and curb imports of dry gas.
CIL didn’t specify causes for the decline, however a number of of its subsidiaries, together with Bharat Coking Coal Ltd (BCCL), Central Coalfields Ltd (CCL), Western Coalfields Ltd (WCL), Mahanadi Coalfields Ltd (MCL), and Northeastern Coalfields (NEC), recorded decrease manufacturing through the month.
For the April–September interval, cumulative coal output fell to 329.14 MT, down from 341.35 MT in the identical interval final 12 months.
CIL, which contributes over 80% of India’s whole coal manufacturing, has set an formidable goal of 875 MT of coal manufacturing and 900 MT of dispatches for FY2025–26 to fulfill the nation’s rising energy demand and scale back dependence on coal imports.
At 2:45 pm, the shares of Coal India have been buying and selling 0.69% larger at Rs 384.55 on NSE.
Unlock worthwhile alternatives day-after-day! Unicorn Indicators offers actionable intraday buying and selling indicators for shares and futures. Don’t miss out – obtain Unicorn Indicators and begin successful now!
