Coal India shares sign non-binding MoU with Hindustan Urvarak & Rasayan Limited
Why did Coal India Ltd shares jump today?
Coal India Ltd shares saw a positive movement on Tuesday, closing the trading session with a gain. As of 04:28 PM, the share price was ₹424.65, reflecting an increase of 0.72% from its previous close. This uptick in the stock price is attributed to a significant development announced by the company.
The positive sentiment stems from a new agreement between Coal India Limited (CIL) and Hindustan Urvarak & Rasayan Limited (HURL). The two entities have signed a non-binding Memorandum of Understanding (MoU). The purpose of this MoU is to jointly explore the establishment of a coal gasification-based urea production facility. The proposed plant is planned to be located in Sindri, Jharkhand.
Under this initial agreement, the companies will focus on studying the project's technical, commercial, and implementation aspects. The move is significant as it represents a step towards value addition, using coal to produce urea—a key fertilizer for agriculture. This venture aligns with broader national initiatives to promote coal gasification and enhance domestic fertilizer production, which the market has viewed favorably for Coal India's future diversification and growth prospects.
What does Coal India Ltd do?
Coal India Limited is a Maharatna company. The company is based in Kolkata and operates with a registered office in the Action Area-1A, Newtown, Rajarhat.
Coal India Limited has executed a non-binding Memorandum of Understanding with Hindustan Urvarak & Rasayan Limited (HURL). This agreement represents a collaborative effort between the two entities.
Coal India Ltd Financials
In CroresCoal India Ltd reported revenue of ₹46,490.03 Crores in March 2026, which declined slightly to ₹46,254.8 Crores in June 2026, indicating a modest quarter-on-quarter dip in top-line performance. On the profitability front, the company posted a net profit of ₹10,839.18 Crores in March 2026, which fell notably to ₹8,852.11 Crores in June 2026, reflecting a significant decline in earnings. Overall, the data suggests a downward trend across both revenue and profit metrics between these two periods, with profit taking a sharper hit compared to the relatively stable revenue figures.
Coal India Ltd Shareholding Pattern
Promoter holding stands at 61.13% of the total share capital. Foreign Institutional Investors (FIIs) hold 10.37% stake in the company, while Domestic Institutional Investors (DIIs) hold 22.2%. Public shareholders hold the remaining 6.279999999999999% stake in Coal India Ltd.
Coal India Ltd FAQs
Q: Why did Coal shares jump 0.72% today?
Non-Binding Memorandum of Understanding between Coal India Limited and Hindustan Urvarak & Rasayan Limited. This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Coal India Ltd?
As per the latest data, promoters hold 61.13% stake in Coal India Ltd, while FII holding stands at 10.37%. Domestic institutional investors hold 22.2%, and public shareholders account for 6.279999999999999% of the equity.
Q: What is the current stock price of Coal India Ltd?
Coal India Ltd shares are currently trading at ₹424.65, recording a gain of 0.72% from the previous close.
Q: What is the market capitalization of Coal India Ltd?
The company currently has a market capitalization of ₹261700.25 crore, reflecting its valuation in the Indian equity market.