Coal India Limited and ArcelorMittal Nippon Steel India Private Limited (AMNS) signed a non-binding Memorandum of Understanding (MoU) on August 12, 2026, to explore the utilization of syn-gas produced from a proposed coal gasification facility. The initiative targets establishing the facility adjacent to or at the AMNS Paradip Pellet Plant, integrating Carbon Capture, Utilization, and Storage (CCUS) technology. This partnership signals a strategic move toward cleaner energy solutions in the steel and mining sectors.

The MoU outlines an initial focus on assessing the technical, commercial, and implementation modalities of the project. Both entities will collaborate to facilitate the preparation of a Preliminary Feasibility Report (PFR) to evaluate the overall viability of the venture. The document emphasizes that the understanding is non-binding, serving as a framework for further due diligence rather than a final commitment.

Coal India Limited, a Maharatna company, disclosed the agreement through its Company Secretariat located in Kolkata. The filing was submitted to the Listing Departments of both the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited for regulatory compliance and investor information.

Key Details of the Agreement

The following table summarizes the core parameters of the MoU between Coal India and AMNS:

The proposed coal gasification facility aims to convert coal into syn-gas, which can be utilized as a cleaner fuel source or feedstock in steel manufacturing processes. The integration of CCUS technology reflects an intent to mitigate carbon emissions associated with the gasification process, aligning with broader environmental sustainability goals in heavy industry.

Strategic Significance

The strategic alignment between a major coal producer and a leading steel manufacturer highlights the potential for circular economy models in resource-intensive sectors. While no financial figures are disclosed in this initial MoU, the success of the project will depend on the outcomes of the Preliminary Feasibility Report, which will determine the technical and commercial viability of the syn-gas utilization plan.

Coal India Limited has fixed Friday, September 4, 2026, as the record date to determine shareholder eligibility for its final dividend of ₹ 5.25 per equity share for the financial year ended March 31, 2026 (FY 2025-26). The Maharatna company confirmed that dividend payments will be processed exclusively through electronic modes, requiring shareholders to update their Permanent Account Number (PAN), Know Your Customer (KYC), and nomination details before the cut-off to avoid transfer of unclaimed amounts to the Investor Education and Protection Fund (IEPF).

The Board of Directors recommended the final dividend at its meeting on April 27, 2026, subject to shareholder approval at the 52nd Annual General Meeting (AGM) scheduled for Monday, August 31, 2026. If approved, this payout adds to three interim dividends already declared during FY 2025-26: ₹ 5.50 on July 31, 2025; ₹ 10.25 on October 29, 2025; and ₹ 5.50 on February 12, 2026. The total dividend payout for the year stands at ₹ 26.50 per share.

AGM Agenda and Voting Timeline

The AGM will be conducted via Video Conferencing (VC) or Other Audio Visual Means (OAVM) in compliance with the Companies Act, 2013, and Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. Ordinary business includes the adoption of standalone and consolidated audited financial statements for FY 2025-26 and confirmation of interim dividends.

Special business items include:

• Re-appointment of Mukesh Choudhary (DIN-07532479), Director (Marketing), who retires by rotation.
• Ratification of remuneration for M/s. Bandyopadhyaya Bhaumik & Co. as Cost Auditor for FY 2026-27.
• Appointment of new directors: Ashim Kumar Modi, B. Sairam, Asheesh Kumar, and Sona Kumari.

Remote e-voting commences on August 28, 2026, at 09:00 AM IST and closes on August 30, 2026, at 05:00 PM IST. The cut-off date for determining voting eligibility is August 24, 2026. Members who have not cast remote votes may vote via Instapoll during the AGM. Results will be announced within two working days of the meeting’s conclusion.

Shareholder Compliance and Tax Details

Shareholders holding physical shares must update their PAN, KYC, or nomination details by September 4, 2026. Failure to comply may result in dividends being credited only electronically or transferred to the IEPF Authority. Coal India previously transferred ₹ 90,74,044 and ₹ 72,68,803 from unclaimed interim dividends of 2018-19 to the IEPF in January and April 2026, respectively.

Tax deduction at source (TDS) applies to dividend income. Resident individuals face a 10% TDS rate if annual dividend income exceeds ₹ 10,000. Non-residents and Foreign Portfolio Investors are subject to a 20% TDS rate plus applicable surcharge and cess. The company’s Tax Portal remains open from August 18, 2026, to September 4, 2026, for submitting Form 121 (formerly Form 15G/H) and other tax documents.

Physical folio holders can contact the Registrar & Share Transfer Agent, M/s Alankit Assignments Limited, at lalitap@alankit.com or toll-free number 1860-121-2155 for assistance with KYC updates.