Coal India Share Price Live Updates: Coal India Market Activity Update
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Business Standard
4 hours ago
- Business Standard
Coal India allows thermal plants to trade surplus power in open market
State-run Coal India Limited (CIL) on Thursday announced that thermal power plants using its linkage coal under long- and medium-term fuel supply agreements (FSAs) are now allowed to sell un-requisitioned surplus (URS) power on power exchanges and in the open market. Earlier, the sale of power generated through such FSAs was confined to power purchase agreements (PPAs). Under the previous policy framework, electricity produced using CIL's linkage coal could not be traded in the open market, regardless of whether it was surplus to the PPA requirements, the coal mining major said in a BSE filing. 'In the spirit of the revised SHAKTI (Scheme for Harnessing and Allocating Koyala Transparently in India) policy, CIL has done away with the earlier provision of restricting the sale of power in the open market. This applies evenly to all existing as well as future long and medium term power FSAs and extends to all the power generators - Central and State Gencos, independent power plants,' the company said in its statement. A senior CIL officer said, the policy facilitates the power sector to meet consistent demand for affordable power. 'With the surplus power availability in the exchanges, ideally, the spot prices will be in check, leading to affordable power to all,' the company mentioned. Coal India Q1 results Coal India posted a consolidated net profit of ₹8,743 crore for the first quarter of the financial year 2025-26 (Q1 FY26), marking a 20.2 per cent year-on-year decline from ₹10,959 crore recorded in the corresponding period of the previous financial year. Revenue from operations also saw a decrease, falling 4.4 per cent to ₹35,842 crore in the April–June period, down from ₹37,504 crore in Q1FY25. Operating profitability weakened as well, with EBITDA dropping 12.4 per cent to ₹14,282 crore from ₹16,309 crore a year ago. Shares of Coal India closed at ₹379.5 apiece on the BSE on Thursday.
Mint
11 hours ago
- Mint
Stocks to buy or sell: Osho Krishan of Angel One suggests buying Coal India, CG Power shares today
Stock market today: The selling trend persisted in Indian markets on Thursday after US President Donald Trump declared an additional 25 percent tariff on goods from India. As a result of this new tariff, Indian exports to the United States have become 50 percent more costly. This development has raised concerns among investors, prompting a sell-off across key indices. The Nifty 50 index began trading at 24,464.20, dropping by 110.00 points or 0.45 percent, while the BSE Sensex started at 80,262.98, falling by 281.01 points or 0.35 percent. Both indices indicated the cautious sentiment prevalent in the market in light of the US decision. On the daily chart, Nifty 50 has remained within the range established on Friday for three consecutive sessions, forming an inside bar pattern that signifies indecision and a lack of momentum. It is noteworthy that the lower boundary of this range is highly significant, as it has functioned as a multi-swing support zone since May. For the weekly expiry, the 24,500 zone remains of paramount importance. A decline below this threshold could initiate further downward movement, potentially resulting in a test of the 200-DSMA around 24,200. This level aligns with a previously unfilled bullish gap. On the flip side, for bullish momentum to resume, Nifty 50 needs to break above Friday's high of 24,800, followed by a move above the 20 and 50-DEMA, both placed around 24,900. A breakout above this cluster of resistance levels could confirm a resumption of positive momentum. As we step into the weekly expiry, traders are advised to closely monitor these key support and resistance zones and frame their trading strategies accordingly, with a preference for range-bound setups unless a clear breakout or breakdown occurs. On stocks to buy on Thursday, Osho Krishan of Angel One recommended two stocks - Coal India Ltd, and CG Power and Industrial Solutions Ltd. Coal India share price has demonstrated a decent resurgence in recent trading sessions, bolstered by robust support along the ascending trendline observed on the daily chart. The technical indicators have entered oversold territory and are now indicating the potential for a countertrend, as evidenced by a positive crossover in the 14-day RSI. This development contributes a bullish perspective, coupled with a favorable risk-reward ratio. Hence, we recommend to BUY Coal India share price around ₹ 375-370, keeping a stop loss at ₹ 362 for a potential Target of ₹ 395. CG Power and Industrial Solutions has exhibited a robust consolidation pattern near the cluster of its EMAs on the daily time frame chart. The recent price action has indicated the initial emergence of momentum following a protracted period of inactivity. Additionally, the 14-day RSI has achieved a breakout from a descending trendline and has experienced a significant upward movement over the past couple of sessions. This suggests the potential for further upward movement in the near term. Hence, we recommend to BUY CG Power share price around ₹ 680-670, keeping a stop loss at ₹ 650 for a potential Target of ₹ 710-720. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
a day ago
- Mint
Maharatna PSU Coal India declares record date for final dividend. Details here
Maharatna PSU Coal India has announced the record date to determine shareholders eligibility for the payment of final dividend of ₹ 5.15 per share of the face value of ₹ 10 apiece. According to the exchange filing dated August 4, the PSU company has set Thursday, August 21, as the record date for shareholders eligibility. ' The dividend, if approved at the AGM will be paid within 30 days of the approval in the AGM. The Company has fixed Thursday, 21st August'25 as the 'Record Date' for the purpose of determining the Members eligible to receive Final Dividend for the Financial Year 2024-25. The dividend, if approved at the AGM will be paid within 30 days of the approval in the AGM.' the company said in the filing. The company further added that the dividend will be paid to the shareholders on Thursday, August 21, 2025. ' The dividend, as declared by the Board will be paid to shareholders holding equity shares of the Company, either in electronic or in physical form as on Thursday, 21st Aug 2025, i.e, Record Date,' the company added. On May 7, 2025, the Maharatna PSU company declared a final dividend alongside its January to March quarter results. It announced a final dividend of ₹ 5.15 per share on shares with a face value of ₹ 10 each. 'The board of directors in its meeting held on date had recommended payment of final dividend for the financial year 2024-25 @ ₹ 5.15 per share of the face value of ₹ 10 as recommended by the Audit Committee of CIL in its meeting held on date subject to the approval of the Members at the ensuing Annual General Meeting (AGM) of the company,' said Coal India in the exchange filling. State-owned miner Coal India reported a 20 per cent year-on-year drop in consolidated net profit, which stood at ₹ 8,734 crore for the first quarter. Revenue also declined by 4 per cent YoY to ₹ 35,842 crore during the same period. Coal offtake for the quarter fell to 191.04 million tonnes, down from 198.92 million tonnes in Q1FY25. Similarly, production slipped to 183.32 million tonnes compared to 189.28 million tonnes a year earlier. Stripping activity, a crucial indicator in coal mining, decreased 5 per cent YoY to 507.72 million cubic metres. The average realisation per tonne remained nearly unchanged at ₹ 1,673. However, reduced e-auction volumes and weaker price realisations impacted margins. E-auction volumes dropped by 1.87 million tonnes, and realisation per tonne fell by over ₹ 79. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
