Coal India hikes prices for coking and non-coking coal by ₹10 per tonne from April 16

“CIL Board at its meeting held on date, inter alia, approved enhancement of the notified price of coal by ₹10/- per tonne, i.e., from the existing ₹10/- per tonne to ₹20/- per tonne for non-coking and ₹10/- per tonne for coking coal for regulated and non-regulated sectors across CIL towards contribution to the corpus of CMPS-1998,” the company said in a regulatory filing on Tuesday.

The announcement came post-market hours. Shares of Coal India on Tuesday settled marginally lower by 0.5% at ₹398 apiece on the National Stock Exchange.

Further, CIL produced 781.1 million tonnes (MT) of coal in 2024-25, nearly 7% less than the company's target for the financial year.

CIL's coal production target for 2024-25 was 838 MT.

However, coal production by CIL grew marginally by a per cent in FY25 over the year-ago period, the public sector enterprise said in a regulatory filing.

CIL's coal production in March dropped by 3.1% to 85.8 million tonnes over the year-ago period.

The output was 88.6 MT in the same month of FY24.

The subsidiaries of the coal behemoth, which registered a decline in production, are Central Coalfields Ltd (CCL), Western Coalfields Ltd (WCL) and South Eastern Coalfields Ltd (SECL).

Coal India accounts for over 80% of domestic production.

In FY24, Coal India produced 773.65 MT, marking an 11% growth over FY23.

Coal India Ltd had earlier said that the realistic production target for the 2024-25 fiscal year will be 806-810 million tonnes, down from 838 million tonnes.

The company has set a production target of 868 million tonnes for FY26.

Coal India had reported a 17.4% year-on-year (YoY) decline in consolidated net profit at ₹8,491.22 crore for the quarter ended December 31, 2024, on the back of lower sales.

In the corresponding period last year, it had posted a net profit of ₹10,291.71 crore.

The company’s revenue from operations stood at ₹35,779.74 crore in Q3 FY25, slumping 1.04% from ₹36,153.97 crore in the year-ago period, the company said in a regulatory filing.

The company’s Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) stood at ₹12,317.2 crore, declining 5.03% YoY from ₹12,970.7 crore in Q3 FY24. Its EBITDA margin contracted to 34.4% in the period under review, compared to 35.9% last year.