Coal India Limited (CIL), India's state-owned coal mining and refining corporation, has reported its provisional production and off-take performance data for September and the period from April to September. The company also announced a Non-Deal Road Show for the listing of its subsidiary, Bharat Coking Coal Limited (BCCL), and received a license for rare earth exploration.

Production and Offtake Performance

CIL reported a 3.90% decline in coal production to 48.97 million tonnes in September, down from 50.94 million tonnes in the corresponding month of the previous fiscal. Coal offtake also fell by 1.10%. For the April-September period, production decreased by 3.60% to 329.14 million tonnes from 341.35 million tonnes, while offtake dropped to 356.16 million tonnes from 363.66 million tonnes.

Non-Deal Road Show for BCCL Listing

CIL has announced a Non-Deal Road Show scheduled for October 7th and 8th in New York, United States, primarily focused on the listing of its wholly-owned subsidiary, Bharat Coking Coal Limited (BCCL).

Key Details of the Road Show

The event will see participation from senior officials representing BCCL, the Ministry of Coal, and the Department of Investment and Public Asset Management (DIPAM). Discussions will cover the BCCL listing, CIL-related matters, and separate meetings with CIL investors.

Rare Earth Exploration License

CIL has received an official license to explore the Ontillu-Chandragiri rare earth exploration area spanning 209.62 square kilometres. The company must complete the exploration project within one year.

ESG Rating and Stock Performance

CRISIL has assigned Coal India an ESG rating of 53. Coal India shares closed 0.37% lower at Rs 388.50, with the stock down 23.60% over the last 12 months. Among 25 analysts, 16 maintain 'buy' ratings with an average price target of Rs 408.20.

CIL has emphasized its commitment to regulatory compliance and transparency, stating that no Unpublished Price Sensitive Information (UPSI) will be shared during the road show meetings. The company also noted that the meeting dates are subject to change due to potential exigencies on the part of investors or the company.

Coal India , India's largest coal mining company, has announced a significant performance-linked reward (PLR) for its workers for the fiscal year 2024-25. The decision, approved by the 6th Standardization Committee of JBCCI-XI, demonstrates the company's commitment to recognizing and rewarding its workforce.

Key Details of the Performance Linked Reward

Implications and Impact

The approval of this substantial PLR package highlights Coal India's focus on employee motivation and retention. By linking the reward to attendance, the company aims to encourage consistent performance and productivity among its workforce.

Official Announcement

According to the LODR (Listing Obligations and Disclosure Requirements) filing dated September 26, 2025, the decision was made during the 6th Standardization Committee meeting of JBCCI-XI held on September 25, 2025. The company officially communicated this information to the Bombay Stock Exchange and the National Stock Exchange of India.

Additional Corporate Updates

In a separate LODR filing dated September 25, 2025, Coal India also announced the closure of its trading window. The trading window will be closed from October 1, 2025, until 48 hours after the declaration of standalone and consolidated unaudited financial results for the second quarter and half-year ended September 30, 2025. This closure is in compliance with the company's code to regulate, monitor, and report trading by directors, promoters, designated employees, and specified connected persons of Coal India and its subsidiaries.

The announcement of the performance-linked reward, coupled with the trading window closure, underscores Coal India's commitment to both employee welfare and regulatory compliance in its corporate governance practices.