Coal India Ltd Share Price – NSE /  BSE

Mining & Mineral products, Mid Cap

In a move to reduce India's dependence on imports gross calorific value (GCV) normally consumed by Sponge Iron sector, the company has put on offer an all-time high of 35 million tonnes (MTs) under linkage auction route. The auction is scheduled to be held on 12 June 2026 and is expected to help lower imports of this grade of coal.

Responding to demands from the steel (coking) sector, the company has allowed them to sell coal middlings in the open market. Middlings are power grade coal that are residual byproduct of washed raw coking coal. While some steel plants consume these quantities in captive power generation, surplus volumes can now be sold externally. The provision has been introduced under the ongoing Tranche-X linkage auctions, which commenced on 3 June 2026.

The company has offered 13.75 MTs coal to Steel (coking) sub-sector in current tranche, while also permitting the change of consortium partners over the duration of the linkage period. Earlier, they had the option of changing the partners twice during the contract, which is now increased to five.

The company has also eased norms for NRS consumers planning greenfield and brownfield projects. Such consumers can now secure coal linkages before project commissioning. They can source coal within three years after the participation in the linkages which enables them to secure bank loans as fuel sourcing is tied up with this. It gives them greater leverage in the market.

The company continues to meet coal requirements of the power sector through various auction windows. Between January and May of the current fiscal year, the company offered 57.8 MT of coal under Window-II (short-term) and 69.2 MT under Window-I (long- and medium-term).

The company said that it continues to meet the coal requirements of the power sector. As a natural occurrence, coal stock levels tend to shrink at coal fired plants, fueled by peak summer demand. Therefore, marginal decline in coal stocks at power plants is not a cause for concern, as sustained coal production is ensuring continuous replenishment of fresh stocks.

The company will be conducting the next round of shortterm auctions under SHAKTI policy on 8 June, for power sector consumers, where around 34 MTs of coal would be put on the block.

Coal India is India's largest coal producer and a Maharatna public sector undertaking. The company primarily engages in coal mining and production and supplies coal to power, steel, cement, fertilizer and other industrial sectors.

For the quarter ended March 2026, Coal India reported a 12.9% increase in consolidated net profit to Rs 10,839.18 crore, while revenue from operations rose 5.75% to Rs 46,490.03 crore compared with the corresponding quarter of the previous year.

The counter declined 1.96% to end at Rs 472.30 on the BSE.

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The OFS, launched by the President of India through the Ministry of Coal, had a base offer of 6.16 crore shares, representing 1% of the company's equity capital, along with an oversubscription option for another 6.16 crore shares. This increased the total offer size to 12.32 crore shares, equivalent to 2% of Coal India's equity.

The issue opened for non-retail investors on 27 May 2026 at a floor price of Rs 412 per share.

Investor response was strong. On the first day reserved for non-retail investors, bids were received for 45.17 crore shares against the total non-retail offer size of 11.09 crore shares, resulting in a subscription of 407.17%. Bids backed by 100% margin accounted for 14.30 crore shares, while bids without upfront margin stood at 30.87 crore shares.

The indicative price discovered during the non-retail bidding process was Rs 448.41 per share, while the clearing price was fixed at Rs 447.10 per share.

On the second day, which was open to retail investors and non-retail investors carrying forward their bids, the retail portion attracted bids for 1.61 crore shares against the total retail offer size of 1.23 crore shares, translating into a subscription of 130.29%.

The non-retail carry-forward portion received bids for 24.82 lakh shares, representing 2.01% of the total OFS size of 12.32 crore shares. Overall, bids for 1.85 crore shares were received on the second day, amounting to 15.04% of the total OFS size.

The government also offered up to 25,000 shares to eligible employees of Coal India, subject to necessary approvals. Employees could apply for shares worth up to Rs 5 lakh.

The successful completion of the OFS is expected to reduce the Government of India's stake in Coal India from 63.13% as of March 2026.

Coal India is India's largest coal producer and a Maharatna public sector undertaking. The company primarily engages in coal mining and production and supplies coal to power, steel, cement, fertilizer and other industrial sectors.

For the quarter ended March 2026, Coal India reported a 12.9% increase in consolidated net profit to Rs 10,839.18 crore, while revenue from operations rose 5.75% to Rs 46,490.03 crore compared with the corresponding quarter of the previous year.

Currently, shares of Coal India were down 0.35% at Rs 470.85 on the BSE.

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Coal India reported coal production of 56.1 million tons (MT) in month of May 2026 compared to 63.5 MT in May 2025, recording a decline of 11.6%. The company's offtake stood at 66.7 MT in May 2026, higher by 2.2% over 65.2 MT in May 2025.

The OFS opened for non-retail investors on 27 May 2026 and will open for retail investors on 29 May 2026. The government has set a floor price of Rs 412 per share, representing a discount of 8.87% to the prevailing market price.

The base offer comprises 6.16 crore equity shares (1% equity), with an option to additionally sell another 6.16 crore shares under the oversubscription option. This takes the total OFS size to 12.32 crore shares (2% equity) if the greenshoe option is exercised.

Out of the total offer, around 5.54 crore shares have been reserved for non-retail investors, while 61.62 lakh shares have been earmarked for retail investors.

As of 11:30 AM on 27 May 2026, the non-retail portion of Coal India?s OFS had received bids for 1.11 crore shares, translating into 20.17% subscription against the base non-retail offer size of 5.54 crore shares. The indicative price stood at Rs 413.68 per share.

The President of India, acting through the Ministry of Coal, is the selling shareholder. As of March 2026, the government held a 63.13% stake in Coal India.

State-run 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.

The company reported a 12.9% jump in consolidated net profit to Rs 10,839.18 crore on 5.75% rise in revenue from operations to Rs 46,490.03 crore in Q4 FY26 over Q4 FY25.

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