Coal India has announced a series of business-friendly initiatives to offer more coal to Non-Regulated Sector (NRS) consumers and provide greater operational flexibility. The measures include a significant linkage auction, new permissions for the steel sector, and provisions for upcoming projects, alongside continued support for the power sector.

Auction of 35 MTs for Non-Regulated Sector

In a bid to reduce import dependence of high GCV coal normally consumed by the Sponge Iron sector, Coal India has put on offer an all-time high of 35 Million Tonnes (MTs) under a linkage auction window to be held on June 12. Bookings by these units are expected to lower imports in this grade of coal.

Steel Sector: Permission to Sell Coal Middlings

Agreeing to the demand of the Steel (coking) sub-sector, Coal India has allowed them to sell coal middlings in the open market. Middlings are power grade coal that are residual byproducts of washed raw coking coal. While some steel plants use middlings for captive power plants, this provision enables the sale of surplus quantities. This facility was enabled under the ongoing Tranche-X linkage auctions that began on June 3, 2026. Additionally, the company has permitted the change of consortium partners over the duration of the linkage period, increasing the option from twice to five times during the contract.

NRS Projects Permitted to Acquire Linkages Pre-Commissioning

NRS consumers planning to establish a Greenfield or Brownfield project are allowed to secure coal linkages even before the projects are commissioned. They can source coal within three years after participation in the linkages, which enables them to secure bank loans as fuel sourcing is tied up with this arrangement.

Power Sector Supply and Auctions

Coal India continues to meet the coal requirements of the power sector. Between January and May during the ongoing fiscal, a total of 57.8 MTs of coal was offered under Window-II for short-term, while the long/medium term offer under Window-I was 69.2 MTs. To make more coal available in the market, the company will conduct the next round of short-term auctions under SHAKTI policy on June 8 for power sector consumers, where around 34 MTs of coal will be put on the block.

Key Policy Measures at a Glance

The following table summarises the major announcements made by Coal India:

Coal India Limited has been fined Rs 5,45,160 by the National Stock Exchange of India Limited (NSE) for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations during the quarter ended March 31, 2026. The penalty, inclusive of GST, was levied due to violations of regulations concerning board composition and meetings. The company received the notice regarding this action on June 2, 2026.

The exchange identified non-compliance with Regulation 17(1), 18(1), and 19(1) & 19(2) of the SEBI LODR Regulations, 2015. These regulations pertain to the composition of the board of directors, the role of key managerial personnel, and the requirements for board meetings and director participation. The financial impact of this regulatory action is quantified as the imposed fine amount.

Coal India clarified that the non-compliance was neither due to negligence nor within the control of its management. The company stated that as a Government Company under the administrative control of the Ministry of Coal, the appointment of all Board Members is executed by the President of India. Consequently, the appointment of requisite Independent Directors falls outside the purview of the company's management.

The company has indicated that it is regularly following up with the Ministry of Coal to facilitate the necessary appointments. Furthermore, Coal India had requested NSE for a waiver of the penalty, noting that such requests have been considered favorably by exchanges in the past.

Details of Regulatory Action