Shares of Coal India Ltd surged 1.5% to hit the day’s excessive of Rs 392 on 18th March after the corporate introduced that it had signed a Memorandum of Understanding (MoU) with the Non-Ferrous Supplies Expertise Growth Centre (NFTDC).
Coal India signed a non-binding MoU with NFTDC on fifteenth March 2025 in Hyderabad to reinforce expertise improvement within the essential minerals sector.
NFTDC, an autonomous R&D physique below the Ministry of Mines, will collaborate with Coal India to drive innovation in essential minerals.
The partnership aligns with the federal government’s push for self-reliance and technological progress within the mining sector.
Coal India’s February manufacturing fell 0.8% year-over-year to 74.1 MT, whereas whole output rose 1.5% to 695.3 MT, attaining 83% of its 838 MT goal for FY25.
The corporate should produce 142 MT in March to satisfy its annual steering.
February offtake declined 4.8% year-over-year to 62.1 MT, with whole offtake reaching 693.4 MT, up 1.3%.
At 12:57 PM, the shares of Coal India had been buying and selling 1.41% increased at Rs 391.20 on NSE.
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