Samyag

Corporate Actions

Back

Coal India to set up 8 coking coal washeries with Rs 3,300-cr capex

27-Mar-26 13:32 Hrs IST

The washeries, with a combined capacity of 21.5 million tonnes per year (MTY), are expected to be operational by FY2030, the company said.

The upcoming facilities will be in addition to the 10 coking coal washeries already operated by CIL, which together have a cumulative capacity of 18.35 MTY. The company will also invest around Rs 300 crore towards renovation and modernisation of its existing washeries to enhance efficiency and utilisation.

Of the eight new units, five washeries with a capacity of 14.5 MTY will be set up under Central Coalfields, while the remaining three, with a capacity of 7 MTY, will come up under Bharat Coking Coal.

CIL said the calibrated expansion and modernisation drive is aimed at improving the quality of domestically produced coking coal and reducing reliance on imports over the medium term.

The company has already monetised one coking coal washery under Bharat Coking Coal and plans are underway to monetise three additional older, non-operational washeries in line with the National Monetization Policy. It is also undertaking renovation and modernisation of two ageing washeries to improve throughput, recovery efficiency and process reliability.

In a public-private partnership model, CIL is collaborating with Tata Steel Limited to leverage washing capacity and technical expertise, aiming to boost the supply of quality coking coal to the domestic steel industry. Coking coal is a key raw material in steel production. However, domestic reserves are limited and typically have high ash content of 25'45%, significantly higher than global benchmarks, necessitating imports.

The company expects that these initiatives will help substitute imported coking coal, reduce foreign exchange outgo, and enhance the competitiveness of India's steel sector.

State-run Coal India is mainly engaged in mining and production of coal and also operates coal washeries. The major consumers of the company are the power and steel sectors. Consumers from other sectors include cement, fertilizers, and brick kilns.

On a consolidated basis, Coal India (CIL)'s net profit declined 15.85% to Rs 7,157.45 crore while net sales declined 4.76% to Rs 30,818.17 crore in Q3 December 2025 over Q3 December 2024.

The scrip rose 0.73% to currently trade at Rs 446.95 on the BSE.

Powered by Capital Market - Live News

Attention Investors: Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.|| KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.|| No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.