Coal India incorporates Singapore-based wholly owned subsidiary; shares fall

Shares of Coal India fell as much as 0.7% to hit an intraday low of ₹404.20 per unit on the National Stock Exchange (NSE) on Tuesday. At around 10:23 AM, the stock was trading 0.59% lower at ₹404.50 per equity share.

The scrip has fallen 5% over the month but gained 1% on a year-to-date (YTD) basis. While the shares hit a 52-week high of ₹491.25 apiece on April 30, 2026, they touched a year's low of ₹368.65 on August 28, 2025.

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.

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.

As of August 25, 2026, Coal India has a market capitalisation of ₹2.5 lakh crore, NSE data showed.