Coal India shares fall post ₹10 per tonne price hike for coking and non-coking coal

The stock descended 1.11% to ₹393.25 apiece on the National Stock Exchange (NSE) at 9:27 am. Its market capitalisation stands at ₹2,42,349.29 crore.

In an exchange filing, the 'Maharatna' PSU said, "CIL board at its meeting held on date, inter alia approved enhancement of notified price of coal by ₹10 per ton i.e from the existing ₹10 per ton to ₹20 per ton for non-coking and ₹10 per ton for coking coal for regulated and non-regulated sectors across CIL towards contribution to the corpus of CMPS-1998."

The price change will come into force from April 16.

Coal India Ltd (CIL) contributes more than 80% to domestic coal output.

Eastern Coalfields Ltd (ECL), the company's subsidiary, in November 2024 had raised the add-on price of coal in Jharkhand's Rajmahal area to ₹ 700 per tonne from ₹450.

The revision was due to adjustments in logistics costs and is being passed on to customers, the company official had said. The hike is expected to generate incremental annual revenue of ₹300 crore for ECL.

Meanwhile, Coal India produced 781.1 million tonnes (MT) of coal in the financial year 2024-25, which is 7% short of the production target of 838 MT. However, the production increased by 1% in FY25, compared to the year-ago period.

For March 2025, the coal production declined 3.1% to 85.8 MT as compared to 88.6 MT in the corresponding period of FY24.

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

The company has posted a 17.5% decline in net profit to ₹8,491.2 crore in the third quarter of FY25, as against ₹10,291.7 crore a year back.

Revenue from operations dropped 1% to ₹35,799.8 crore in the latest October-December quarter, compared to ₹36,154 crore in Q3 FY24.