Bharat Coking Coal shares rise over 6% after price hike for key coal products

Bharat Coking Coal shares saw strong traction today as the Coal India subsidiary saw its stock rise 6.3% intraday on NSE, with a day high of ₹31.85 apiece. This sharp rise came after the company said it had approved the proposal for the revision of the modulated price for coking coal and washed coal products.

The company said its committee of functional directors (CFDs) approved the proposal on March 31, 2026. The revision is based on WPI indexation, with an indexation of 0.24% over the last year, and will be effective from April 1, 2026.

The revised pricing applies to coking coal and washed coal products, including washed power coal, slurry and rejects, linked to the NRS Linkage Auction Tranche VI and subsequent tranches, as well as to supplies under the single-window mode agnostic e-auction mechanism.

Bharat Coking Coal (BCCL), which is a wholly-owned subsidiary of Coal India made its market debut this year. The stock made a blockbuster listing at ₹45.09 per share on NSE, a premium of 96.6% compared to its issue price of ₹23.

BCCL stock has seen weak investor interest since its listing as the shares are down over 30% compare to the listing price of ₹45.09 apiece. Experts believe BCCL shares have fallen since the market debut, mainly due to profit booking as the stock listed at 96% premium and weak Q3FY26 earnings.

In the December quarter, Bharat Coking Coal reported a net loss of ₹22.8 crore, while its revenue from operations declined 24.5% YoY to ₹2,783 crore. Meanwhile, the company reported 10.7% drop in its production to 9.97 MT.