Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Coal gasification pilot yet to take off despite ₹6,233 cr incentives
Nearly a year after awarding ₹6,233 crore for coal gasification projects, none have progressed beyond planning. Despite multiple task force meetings, ground work hasn't commenced, with commissioning now pushed to FY30. Meanwhile, a new ₹37,500 crore scheme has been launched, excluding first-round participants who now face disadvantages due to delays and lack of access to more generous incentives.
Coal India's SECL strengthens monsoon measures for uninterrupted supply
SECL, a Coal India subsidiary, has implemented robust monsoon preparedness to ensure uninterrupted coal supplies crucial for India's energy security. The company achieved its best-ever first-quarter performance in production and offtake, with a significant portion directed to power utilities. SECL's extensive operations across Chhattisgarh and Madhya Pradesh underscore its vital role in meeting national energy demands.
Coal India's highest share price target from UBS projects 26% upside; details here
While coal production declined 7% year-on-year in the first quarter of FY27, offtake increased 4%, indicating healthy demand, steady coal movement and liquidation of inventories.
Coal India bags Rs 2,831 crore 600 MW solar plant deal in UP
State-owned Coal India Limited has clinched a significant ₹2,831.11 crore contract to build a 600 MW solar power facility in Uttar Pradesh's Jalaun Solar Park. This massive project, split into two 300 MW blocks, will supply electricity at a fixed rate of ₹2.73 per kWh. The deal was awarded by Bundelkhand Saur Urja Limited, marking a major green energy push for the mining giant.
Coal India production drops 7.5 pc in Q1
Coal India Limited (CIL) reported a 7.5% dip in production to 169.6 million tonnes during the first quarter of the current fiscal year, despite soaring power sector demand. While some subsidiaries saw declines, overall sales increased by 7.5% in June and 3.5% for the quarter. This comes as India gears up for increased power demand, highlighting CIL's crucial role in national energy security.
Coal India To Invest Rs 1,900 Crore In R&D By FY30 To Boost Clean Energy, Mining Innovation
Coal India's R&D expenditure increased four-fold to Rs 245 crore in fiscal year 2025 from Rs 61 crore in fiscal year 2024.
Coal India to invest ₹1,900 crore in R&D by FY30
Coal India Ltd is set to invest nearly ₹1,900 crore in R&D by FY2030 to boost mine productivity and cut emissions. The company is focusing on cleaner coal technologies and alternative energy sources, with its R&D spending significantly increasing this fiscal. New initiatives include a National Centre for Coal and Energy Research and collaborations with international partners for advanced projects.
Coal India to invest $201 million in research and development by fiscal 2030
Coal India is set to invest a substantial 19 billion rupees in research and development by 2030, focusing on clean coal, net-zero technologies, and mineral recovery. The state-run miner has already committed significant funds to Indian Institutes of Technology and is overseeing numerous R&D projects. This strategic investment marks a fourfold increase in R&D expenditure for fiscal year 2025, signaling a strong commitment to innovation.
Coal India earmarks ₹1,900 crore for R&D through FY30 amid technology push
Coal India will invest around ₹1,900 crore in research and development by FY30, scaling up prototype development, industry-academia partnerships and global technology collaborations to drive mining innovation and cleaner energy solutions.
Rail-focused logistics firm Pristine Logistics confidentially files IPO papers with Sebi
Pristine Logistics and Infraprojects has confidentially filed its DRHP with Sebi for an IPO. The rail-focused multimodal logistics company is expanding terminals, warehousing and cargo operations while strengthening growth with a Rs 3,422 crore coal mining contract and broader infrastructure footprint.
Texmaco Rail & Engineering bags 5-cr order from Mangalore Coal Terminal
Texmaco Rail & Engineering announced that it has received a letter of intent (LoI) worth Rs 4.71 crore from Mangalore Coal Terminal.
Coal India Ltd eases for fifth straight session
Coal India Ltd is quoting at Rs 443.9, down 0.1% on the day as on 13:19 IST on the NSE. The stock jumped 13.31% in last one year as compared to a 4.75% slide in NIFTY and a 11.87% spurt in the Nifty Energy index.