Coal India's capex improves 27% in H1 FY27 business update; what investors need to know ahead of Q2 results

Coal India on Tuesday, October 27, announced that the State-owned mining company has registered a 27% growth in capital expenditure (capex) of ₹7,966 crore in the April to September period (H1) of the financial year 2026-27, achieving 109% of the planned outlay for the period.

Last fiscal year, the company spent ₹6,283 crore in capital expenditure, as per the official filing.

The management cited continued focus on strengthening mining infrastructure, acquiring land, procuring heavy earth-moving machinery and advancing diversification projects as the factors behind achieving the capex target.

“These strategic investments are expected to strengthen the company’s operational capabilities and support the achievement of its production and supply targets for the ongoing financial year,” Coal India informed the stock exchanges.

Investors are expected to focus on the company’s capex push along with the higher production and supply metrics which are set to power the upcoming earnings release scheduled for later this week.

Production ramp-up

Earlier this month, Coal India disclosed that the company has increased its coal supplies by 12.5% to 61.20 million tonnes (MT) in September 2026, from 54.40 million tonnes in the same period a year earlier due to the rising power demand in the country.

“Supplies to the power sector also registered strong growth of 10.63%, during the month rising to 48.90 MT from 44.20 MT in previous fiscal,” the company said.

During the period, Coal India’s coal production grew by 9.18% to 53.50 MT, compared with 49 MT last year.

In the September quarter (Q2), Coal India’s coal supplies recorded a strong 12.04% growth, with production rising by 3.81% YoY to 151.37 MT, in contrast to the earlier 145.82 MT levels in the corresponding quarter of the previous fiscal year.

Higher production and supply numbers in turn, are likely to translate into higher revenue potential in the upcoming Q2 earnings, even though the monsoon season’s impact on the overall coal production.

Coal India Q2 FY27 earnings date

As per the exchange filing, Coal India is set to hold its board meeting on Thursday, October 29, 2026, where the directors will consider and approve the July to September quarter results for the financial year 2026-27.

The company’s board is also set to consider and declare a second interim dividend for the current financial year on the same day. However, the details of the dividend payment, including the amount, are set to be announced later.

Coal India has a history of giving dividend returns to investors. So far in the calendar year 2026, the company has given three dividend issues, including one of ₹5.25 per share in FY2026-27.

The trading window for key personnel will remain closed until November 3, 2026, which marks 48 hours after the September quarter earnings update.

Coal India share performance

NSE data showed that Coal India shares have delivered more than 132% returns to investors in the last five years, and over 28% returns on their investment in the last three years. The company’s stock has risen 1.8% in the past one-year period.

On a year-to-date (YTD) basis, the stock has risen 0.8% so far in 2026, and has declined 5.2% in the last one-month period. The exchange data also showed that the stock has declined 1.8% in the past five market sessions.

Shares of Coal India surged to their 52-week high of ₹491.25 apiece on April 30, 2026, while the 52-week low was at ₹369.60 apiece on November 25, 2025.

The coal mining company’s market capitalisation (m-cap) was at over ₹2.47 lakh crore as of the trading session on Tuesday, October 27, 2026.