India’s government has approved the listing and disinvestment of Mahanadi Coalfields Limited (MCL), opening the door for an IPO. DIPAM and the Ministry of Coal cleared the proposal after Coal India and MCL boards endorsed it and the Alternative Mechanism (AM) approved it. Coal India can dilute its stake in MCL by up to 25% through an offer for sale tied to the IPO and additional tranches, while MCL may also raise fresh capital via IPO, follow-on offers, QIPs, or other SEBI-approved routes.
Coal India has dissolved its solar manufacturing subsidiary, CIL Solar PV Ltd, effectively shutting down plans to enter integrated solar photovoltaic manufacturing via a special-purpose vehicle. A regulatory filing says the company’s name was removed from the Register of Companies under the Companies Act, 2013, after a Ministry of Corporate Affairs public notice in April 2026. The move ends a proposed 4 GW domestic manufacturing push aimed at reducing reliance on imported solar equipment, though Coal India says it will keep investing in renewables.
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Coal India Limited offered 30.5 million tonnes in April coal auctions, down about 6% from March. The move comes as West Asia tensions keep global energy prices elevated and power plants lean on coal for energy security. CIL also plans to let buyers from Bangladesh, Bhutan, and Nepal participate directly in auctions starting January 1, 2026.
Coal India shares dropped about 3% after a report said the government may sell a 3–4% stake worth roughly Rs 10,000 crore through an OFS. The offering could be priced at a discount to the current market level, adding pressure to the stock even as the company recently posted a strong profit jump.
Coal India Limited has commissioned a 100 MW solar power project in Gujarat, backed by a commissioning certificate from the Gujarat Energy Development Agency. The move signals a fresh push in the state-owned miner’s renewable expansion as it works to raise its solar capacity and progress toward becoming a net zero energy entity.
Markets ended the week with modest gains despite volatility, driven by earnings from Kotak Mahindra Bank, DMart, and Nestle India. Traders also watched global cues like crude oil and the rupee’s movement. Vodafone Idea’s AGR chapter closure and Coal India’s production dip added fuel, keeping sentiment mixed as investors weighed near-term direction.
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Coal India’s April production fell 9.7%, a rare jolt for the company that supplies fuel for most of India’s electricity. The timing is especially worrying as summer power demand hits new highs, raising the risk of coal shortages at thermal plants and ripple effects across power-dependent industries.
Indian markets rebounded on Monday, snapping a recent losing streak. The Nifty reclaimed its short-term moving average near 23,950, with analysts watching whether it can sustain the level to push toward 24,600–24,800. Investors are also tracking Q4 updates and company-specific developments, with Maruti Suzuki, Coal India, Trent, and Adani Total Gas in focus.
Coal India posted a 12% jump in Q4 profit to Rs 10,908 crore, helped by stronger realizations and higher income despite cost pressures. Margins improved, but volumes remained flat. The miner also declared a final dividend of Rs 5.25. Still, full-year profit fell due to higher expenses.
Coal India Ltd is preparing a 10-year roadmap to eliminate 243 MT of coal imports by expanding domestic output, upgrading coal quality, and matching logistics costs. The strategy includes a forensic audit of import flows, sector-specific policies, and a National Washery and Logistics Grid aimed at tackling supply bottlenecks to strengthen energy security.
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Bharat Coking Coal Ltd, a Coal India subsidiary, has introduced a new scheme to push power companies to lift more coal and reduce their costs. The plan prioritises higher offtake, especially through rail, to support reliable electricity supply and India’s energy self-reliance. Incentives will be awarded based on actual coal lifted against quarterly targets.
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