Coal India Ltd Share Price – NSE  / BSE

Mining & Mineral products, Mid Cap

Reflecting Coal India's (CIL) focus on scaling up solar power capacity addition, as an alternative green energy source, the company's capital expenditure on solar initiatives shot up to Rs.961 crore ending January FY 2026.

This is 132% target satisfaction against the progressive target of Rs. 729 crore till January 2026. In the process, it had also surpassed FY 2026, capex target, under solar projects, which was pegged at Rs.957 crore.

On a year-on-year comparison, the capex on solar till January 2026 surged ahead by more than double to 2.33 times against Rs.412 crore.

Currently, the cost of setting up 1 MW of solar capacity hovers around Rs. 4 crore to Rs. 4.5 crore, which is a slide down from earlier Rs. 5.5 crore to Rs. 6 crore per MW.   

?Solar power lists high on CIL's diversification portfolio. Among the cleaner energy sources solar will play a pivotal role in future and we are laying the groundwork to remain relevant in the country's energy sector. We are actively participating in solar auctions, as well.? said a senior executive of the company.

CIL is aiming to be a Net-Zero entity through installation of 3,000 MW of renewable solar capacity by FY 2028.

Till December 2025, CIL and its subsidiaries have set up renewable energy capacity installation of around 247 MW which is expected to go up to 675 MW by the current fiscal's closure. The upcoming capacity addition includes two major solar power projects in Gujarat, 100 MW in Patan and 300 MW in Khavda.

Beyond these projects, CIL is also actively scouting for 2,000 MW of RE capacity in near term through its subsidiaries and joint ventures. One is, 875 MW plant with Rajasthan Rajya Vidyut Utpadan Nigam and the other is a 500 MW capacity plant through Uttar Pradesh Rajya Vidyut Utpadan Nigam in phased manner. Further bids have been invited for 20 MW floating solar plant in Gorakhpur.

Additionally, CIL is taking part in Tariff-Based Competitive Bidding (TBCB) tenders for solar power development across multiple states. Battery Energy Storage System (BESS) is also on the company's radar.

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Coal India Ltd dropped for a fifth straight session today. The stock is quoting at Rs 409.15, down 2.39% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.86% on the day, quoting at 25585.15. The Sensex is at 82937.29, down 0.88%.Coal India Ltd has eased around 5.33% in last one month.Meanwhile, Nifty Energy index of which Coal India Ltd is a constituent, has increased around 3.68% in last one month and is currently quoting at 36452.65, down 1.52% on the day. The volume in the stock stood at 49.09 lakh shares today, compared to the daily average of 89.83 lakh shares in last one month.

The benchmark February futures contract for the stock is quoting at Rs 404.85, down 2.08% on the day. Coal India Ltd jumped 15.51% in last one year as compared to a 11.58% rally in NIFTY and a 17.42% spurt in the Nifty Energy index.

The PE of the stock is 12.15 based on TTM earnings ending September 25.

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Coal India announced that the Board of Directors of the Company at its meeting held on 12 February 2026, inter alia, have recommended the Third Interim dividend of Rs 5.5 per equity Share (i.e. 55%) , subject to the approval of the shareholders.

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The growth was led by lower coal offtake as power demand moderated amidst a prolonged spell of monsoon and an increased share of renewables in power generation.

Profit before tax tanked 19.67% to Rs 9,472.61 crore in Q3 FY26, as against Rs 11,792.42 crore in Q3 FY25.

During the quarter, total expenses stood at Rs 28,132 crore in Q3 FY26, up 3.12% from Rs 27,280.39 crore posted in Q3 FY25. The cost of material consumed was at Rs 2,805.34 crore in Q3 FY26, down 2.42% from Rs 2,874.79 crore posted in Q3 FY25. While employee benefits expenses stood at Rs 13,719.77 crore (up 26.4% YoY), finance costs stood at Rs 320.73 crore (up 42.21% YoY) during the quarter.

The company reported production of 200.05 million tonnes (MT) in Q3 FY26, down 1% YoY from 202.02 MT in Q3 FY25. Coal offtake also declined 3% YoY to 188.66 MT, compared with 194.53 MT in the corresponding quarter last year. The miner's average realisation from e-auction sales stood at Rs 2,434.56 per tonne, lower than the Rs 2,684.79 per tonne in the year-ago period, while the overall average price realization of coal supplied during the quarter fell by Rs 29 from a year ago to Rs 1,638 per tonne, its earnings' filing showed.

Meanwhile, the state-owned producer announced their third interim dividend in the ongoing financial year of Rs 5.50 per equity share. The company has also set Wednesday, February 18, as the record date to determine the eligibility of shareholders for the dividend payout. The dividend will be paid on or before Friday, March 13.

Coal India is mainly engaged in mining and production of coal and also operates coal washeries. The major consumers of the company are the power and steel sectors. Consumers from other sectors include cement, fertilizers, and brick kilns.

Shares of Coal India shed 0.97% to Rs 415.05 on the BSE.

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