Coal India Limited (CIL), India's largest coal mining company, has taken a significant step towards diversifying its mineral exploration portfolio. The company recently signed a non-binding Memorandum of Understanding (MoU) with the Mineral Resources Development department of the Madhya Pradesh government and the Madhya Pradesh State Mining Corporation Limited.

Collaboration for Mineral Exploration

The tripartite MoU, executed on August 23, 2025, in Katni, Madhya Pradesh, aims to foster cooperation and collaboration in the exploration and exploitation of critical minerals and other minerals of mutual interest within the state. This strategic move aligns with India's push to secure a stable supply of critical minerals, which are essential for various high-tech and green technologies.

Key Parties Involved

1. Coal India Limited (CIL)
2. Mineral Resources Development, Government of Madhya Pradesh (through Directorate of Geology and Mining)
3. Madhya Pradesh State Mining Corporation Limited

Objectives of the MoU

The primary objectives of this collaboration include:

• Exploration of critical minerals in Madhya Pradesh
• Exploitation of identified mineral resources
• Cooperation in other minerals of mutual interest

Potential Impact

This agreement could potentially open up new avenues for Coal India Limited, allowing the company to leverage its expertise in mining operations beyond coal. For Madhya Pradesh, this partnership might lead to increased mineral exploration activities, potentially boosting the state's mineral resource development and economic growth.

Official Disclosure

In compliance with regulatory requirements, Coal India Limited officially disclosed this development to the Bombay Stock Exchange and the National Stock Exchange of India on August 24, 2025. The company secretary, B. P. Dubey, signed the disclosure, emphasizing the non-binding nature of the MoU.

While the financial implications of this MoU are not immediately clear, it represents a strategic move by Coal India to diversify its operations and potentially tap into the growing market for critical minerals. As the collaboration progresses, more details about specific projects and their potential impact on the company's bottom line may emerge.

Investors and industry observers will likely keep a close watch on how this partnership develops and what it might mean for Coal India's future growth trajectory in the evolving energy and minerals landscape.

Coal India Limited (CIL), the state-owned coal mining behemoth, has announced a final dividend of Rs 5.15 per share, subject to shareholder approval at the upcoming annual general meeting scheduled for August 28.

Dividend Details

The total dividend payout amounts to Rs 3,173.80 crore, benefiting nearly 23 lakh shareholders. Investors looking to qualify for this dividend must purchase CIL shares by August 20, as the company has set August 21 as the record date.

Government and Retail Investor Benefits

The Indian government, which holds a 63.13% stake in Coal India, stands to receive Rs 2,003.00 crore from this dividend distribution. Retail investors, defined as those with holdings up to Rs 2 lakh, will collectively receive Rs 132.00 crore.

Previous Dividend Payments

This final dividend comes on top of two interim dividends paid earlier:

• Rs 15.75 per share in October
• Rs 5.60 per share in January

Dividend Yield and Stock Performance

Coal India currently boasts a dividend yield of 6.88%, making it an attractive option for income-focused investors. However, the company's stock performance has been mixed:

• Closed at Rs 387.80 on Tuesday, down 0.60% for the day
• Remained flat over the past 12 months
• Declined 26% year-to-date

Recent Corporate Development

While not directly related to the dividend announcement, it's worth noting that Coal India recently signed a non-binding Memorandum of Understanding (MoU) with Konkan Railway Corporation Limited on August 18. The MoU aims to develop rail infrastructure for CIL and its subsidiaries, potentially impacting the company's future operations and efficiency.

Investors and stakeholders are advised to keep an eye on the upcoming annual general meeting on August 28, where the final dividend will be put to a vote for approval.