Coal India ED (HR) relinquishes charge upon superannuation

0 min read     Updated on 02 Jun 2026, 06:19 AM
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Shri Goutam Banerjee has relinquished the charge as Executive Director (HR) of Coal India Limited effective June 1, 2026, upon attaining the age of superannuation. The disclosure was made to the stock exchanges under Regulation 30 of the SEBI (LODR) Regulations 2015.

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Shri Goutam Banerjee has relinquished the charge as Executive Director (HR) of Coal India Limited effective June 1, 2026, upon attaining the age of superannuation. The change in senior management was disclosed to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 and SEBI (Prohibition of Insider Trading) Regulations 2015.

The resignation was submitted to the Listing Departments of Bombay Stock Exchange Limited and National Stock Exchange of India Limited. The filing confirmed that the separation is effective from the specified date due to the executive reaching retirement age.

Key Details

Detail Information
Executive Name Shri Goutam Banerjee
Position Executive Director (HR)
Reason for Leaving Superannuation
Effective Date June 1, 2026
Regulation Regulation 30 of SEBI (LODR) Regulations 2015

The filing was signed by Bijay Prakash Dubey, Executive Director (Company Secretary) and Compliance Officer for Coal India Limited.

Historical Stock Returns for Coal India

1 Day5 Days1 Month6 Months1 Year5 Years
-1.04%+0.07%-2.67%+15.04%+13.21%+198.82%

Who will be appointed as the successor to fill the Executive Director (HR) role, and how might this leadership transition impact Coal India's HR strategy?

Will the upcoming change in senior leadership influence Coal India's ongoing workforce modernization and labor relations initiatives?

How might the market react to the succession plan as the retirement date approaches, given the critical nature of the HR function in a large PSU?

Coal India May output falls 11.6% to 56.1 million tonnes

3 min read     Updated on 02 Jun 2026, 06:13 AM
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Coal India reported a provisional production decline of 11.6% year-on-year to 56.1 million tonnes in May 2026, while off-take increased by 2.2% to 66.7 million tonnes. For the progressive period from April to May 2026, production decreased by 10.6% to 112.2 million tonnes, whereas off-take grew by 0.9% to 130.9 million tonnes.

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Coal India reported a provisional production decline of 11.6% year-on-year to 56.1 million tonnes in May 2026, while off-take increased by 2.2% to 66.7 million tonnes. The company submitted its provisional performance data for the month and the progressive period ending May 2026 to the stock exchanges on June 1, 2026, in compliance with Regulation 30 of the SEBI (LoDR) Regulations 2015.

Production Performance

The total coal production for Coal India stood at 56.1 million tonnes in May 2026, compared to 63.5 million tonnes in the same period last year. For the progressive period from April to May 2026, production aggregated to 112.2 million tonnes, a decrease of 10.6% from 125.6 million tonnes in the corresponding period of the previous year.

Subsidiary-wise Production

The following table presents the production performance across Coal India's subsidiaries for May 2026 and the April–May 2026 progressive period:

Subsidiary: May'26 Actual (Mill Te) May'26 Last Year (Mill Te) Growth (%) Apr-May'26 Actual (Mill Te) Apr-May'26 Last Year (Mill Te) Growth (%)
ECL 3.9 4.0 -3.6 7.5 8.0 -6.5
BCCL 2.3 3.1 -25.5 4.3 6.4 -33.8
CCL 6.2 6.2 0.4 12.2 12.1 0.7
NCL 9.5 12.4 -23.7 18.8 24.6 -23.7
WCL 5.6 6.1 -8.4 11.6 12.5 -7.5
SECL 14.4 13.8 4.5 29.7 27.8 6.9
MCL 14.3 17.9 -20.1 28.0 33.9 -17.2
NEC 0.00 0.05 -93.3 0.0 0.1 -75.2
CIL 56.1 63.5 -11.6 112.2 125.6 -10.6

Among subsidiaries, SECL was a notable outperformer, posting production growth of 4.5% in May 2026 to 14.4 million tonnes, while CCL remained broadly flat with marginal growth of 0.4%. In contrast, NEC, BCCL, and NCL recorded the steepest declines, with NEC falling 93.3%, BCCL down 25.5%, and NCL declining 23.7% during the month.

Off-take Performance

Off-take for the month of May 2026 reached 66.7 million tonnes, up from 65.2 million tonnes in the same month last year. In the two-month period ending May 2026, total off-take was 130.9 million tonnes, compared to 129.8 million tonnes in the previous year, registering a growth of 0.9%.

Subsidiary-wise Off-take

The table below details the off-take performance of each subsidiary for May 2026 and the cumulative April–May 2026 period:

Subsidiary: May'26 Actual (Mill Te) May'26 Last Year (Mill Te) Growth (%) Apr-May'26 Actual (Mill Te) Apr-May'26 Last Year (Mill Te) Growth (%)
ECL 4.6 4.4 6.4 9.2 8.5 8.5
BCCL 2.7 3.2 -15.8 5.0 6.3 -21.1
CCL 7.9 6.7 17.3 14.3 13.9 3.3
NCL 10.8 11.7 -8.4 21.6 23.7 -9.1
WCL 5.9 5.8 0.7 11.8 11.9 -0.6
SECL 16.1 15.6 3.1 32.1 30.8 4.0
MCL 18.8 17.8 5.6 37.0 34.7 6.7
NEC 0.0 0.0 0.0 0.0 0.0 0.0
CIL 66.7 65.2 2.2 130.9 129.8 0.9

On the off-take front, CCL led growth with a 17.3% rise in May 2026, followed by ECL at 6.4% and MCL at 5.6%. BCCL was the weakest performer, with off-take declining 15.8% during the month. MCL remained the largest contributor to overall off-take at 18.8 million tonnes in May 2026, while SECL followed at 16.1 million tonnes.

Historical Stock Returns for Coal India

1 Day5 Days1 Month6 Months1 Year5 Years
-1.04%+0.07%-2.67%+15.04%+13.21%+198.82%

How will Coal India manage the widening gap between production and off-take to avoid inventory depletion?

What operational factors caused the severe production drops at BCCL and NCL, and are recovery plans in place?

Will the production decline impact coal prices or import dependency in the upcoming quarters?

More News on Coal India

1 Year Returns:+13.21%