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  1. Coal India shares in focus after company incorporates Singapore-based wholly owned subsidiary

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Coal India shares in focus after company incorporates Singapore-based wholly owned subsidiary

image Ahana Chatterjee

3 min read | Updated on August 24, 2026, 19:27 IST

SUMMARY

Coal India, in a regulatory filing, said that it will subscribe to 5 lakh shares at a price of SGD 1 per share.

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On Monday, Coal India shares were closed at ₹406.9 apiece on the National Stock Exchange, rising 0.42%. Image: Shutterstock

Coal India shares will be in focus after the state-owned firm on Monday, August 24, said it has incorporated a Singapore-based wholly owned subsidiary named CIL Global Pte. Ltd.
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This is aimed at exploring and developing overseas opportunities in the field of critical mineral asset acquisition, enabling efficient management of overseas investments, and providing structural flexibility for future acquisitions.

Coal India, in a regulatory filing, said that it will subscribe to 5 lakh shares at a price of SGD 1 per share, with the investment giving the company 100% shareholding in the entity.

Last week, news agency Press Trust of India (PTI) had reported that Coal India will soon open an office in Singapore to cater to its overseas investments in critical minerals.
People with knowledge on the matter had told PTI that the Singapore office will help the firm to expand its critical minerals business and pursue overseas asset acquisitions. Coal India has already applied with Singapore authorities to register the office, which will also support efforts to acquire mineral assets overseas.
The company is looking at critical minerals like lithium, copper, nickel, and rare earth elements in countries like Chile, Canada, and Australia, the people had told PTI.

Coal India had earlier said it is actively pursuing acquisition of critical minerals, including lithium, in the domestic market and overseas and stressed that it would continue to take part in the auction of such blocks.

The PSU has already bagged the first critical mineral asset, a graphite block, in Madhya Pradesh.

The country imports about 69% of its graphite needs—natural, synthetic and end-use products. Currently, the graphite mining industry has limited players, offering space for willing players to venture into this business arena.

Coal India Q1 results

The state-owned company had reported a marginal increase of 0.63% in its consolidated net profit at ₹8,852 crore for the quarter ended June 30, 2026, of financial year 2026-27 (Q1 FY27). Its net profit attributable to the owners for the same quarter in the last fiscal year was at ₹8.797 crore.

The company’s revenue from operations for Q1 FY27 grew 8% to ₹46,255 crore as against ₹42,919 crore reported in the corresponding quarter last fiscal year.

Apart from the earnings, the Board of Directors has declared an interim dividend for the financial year 2026-27 at ₹5.50 per equity share on the face value of ₹10.

The state-owned company's coal production dropped 7.5% to 169.6 million tonne (MT) in the first quarter of the current fiscal year. The drop came despite robust demand from the power sector, which has seen unprecedented consumption levels this summer.

Coal India share price trends

On Monday, Coal India shares were closed at ₹406.9 apiece on the National Stock Exchange, rising 0.42%. The development, however, came after the market hours.

Shares of the firm have slipped 5% over a month, while they have climbed 1.2% from the beginning of the year.

Shares of the company had touched their one-year high of ₹491.25 apiece on April 30, 2026, while their 52-week low of ₹368.65 was hit on August 28, 2025.

As of August 24, 2026, Coal India has a market capitalisation of ₹2.51 lakh crore, NSE data showed.

Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

image Ahana Chatterjee
Ahana Chatterjee is a business journalist with 7 years of experience across several leading news platforms. At Upstox, she covers stock markets and corporate news.

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