Coal India ties up with Chhattisgarh mineral body for critical minerals exploration

State-owned Coal India Ltd (CIL) on Monday (October 6) said the company and Chhattisgarh Mineral Development Corporation Ltd (CMDC) have executed a non-binding Memorandum of Understanding (MoU) to collaborate on the exploration and exploitation of critical minerals and other minerals of mutual interest.

CMDC is a Chhattisgarh State Government undertaking. The MoU aims to strengthen cooperation between the two entities in identifying and developing mineral resources, focusing on areas of strategic and economic importance.

Coal India reported a 20.1% year-on-year decline in consolidated net profit for the June quarter at ₹8,734 crore, compared to ₹10,934 crore a year ago. However, the numbers beat CNBC-TV18 estimates, which had pegged profit at ₹8,005 crore.

Also Read: Coal India reports September and H1 FY26 production, off-take performance

Revenue from operations for the first quarter stood at ₹35,842 crore, down 4.4% from ₹37,503 crore last year, but ahead of the poll estimate of ₹34,990 crore.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) for Q1 came in at ₹12,521 crore, 12.7% lower than ₹14,338 crore in the year-ago period, but comfortably above the forecast of ₹10,850 crore.

Shares of Coal India Ltd

ended at ₹382.05, down by ₹1.30, or 0.34%, on the BSE.

Also Read: Coal India shares decline as Axis Capital downgrades after a subdued business update