Coal India shares in focus on winning block in Odisha, forays into iron ore mining

This marks Coal India’s first foray into iron ore mining. The move also signals the company's broader diversification plan amid a long-term energy transition. The block has been awarded to the PSU by the Government of Odisha.

The mining lease has been awarded on an auction premium of 114.05% of the value of the mineral dispatched. The block is at the G3 exploration stage with a total resource estimated at 288 million tonnes, Coal India said in a regulatory filing.

A G3 exploration stage block is a mineral mining area undergoing preliminary exploration. Its purpose is to zoom in on smaller target zones identified during broad regional surveys, using closer-spaced sampling, mapping, pitting, and initial core drilling to estimate mineral content.

Under the terms, Coal India will have one year to complete the formalities to be declared the successful bidder and up to three years to execute the mining lease deed, the filing said.

Coal India Q1 FY27 results

The state-owned firm 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.

Coal India’s operating profit, also known as earnings before interest, tax, depreciation, and amortization (EBITDA), decreased 4% to ₹12,069 crore for Q1 FY27 as compared to ₹12,588 crore in Q1 FY26.

The margin for the quarter under review contracted to 26.09% in contrast to 29.33% year on year (YoY).

Coal India share price trends

On Thursday, Coal India shares were closed at ₹415.6 apiece on the National Stock Exchange, rising 0.02%. The development, however, came after the market hours.

Shares of the firm have slipped 5% over a month, while they have surged 3% 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 6, 2026, Coal India has a market capitalisation of ₹2.56 lakh crore, NSE data showed.