Coal India Appoints Ashim Kumar Modi as Part-time Official Director

Coal India Limited (CIL), a Maharatna company, has announced a significant change in its board composition. The Ministry of Coal has appointed Shri Ashim Kumar Modi as a Part-time Official Director on the company's board, effective October 15, 2025. This appointment comes as a replacement for Shri Ashish Chatterjee, who has ceased to be a Part-time Official Director on the same date.

Key Details of the Appointment

Aspect	Details
New Appointee	Shri Ashim Kumar Modi
DIN	11342680
Position	Part-time Official Director
Effective Date	October 15, 2025
Appointed By	Ministry of Coal
Replaces	Shri Ashish Chatterjee

Profile of Shri Ashim Kumar Modi

Shri Ashim Kumar Modi brings a wealth of experience to his new role at Coal India Limited:

Current Position: Joint Secretary & Financial Advisor in the Ministry of Coal, Government of India
Service: Indian Revenue Service (IT), 2000 Batch
Education: B.Tech. in Civil Engineering from the Indian Institute of Technology, Delhi
Previous Experience: Served in various roles at the Income Tax Department in Kolkata, Mumbai, and Delhi
Additional Role: Part-Time Official/Government Nominee Director on the Board of SECL, a wholly owned subsidiary of Coal India Limited

Regulatory Compliance

Coal India Limited has confirmed that Shri Modi is not related to any other director of the company. Furthermore, the company has stated that he is not debarred from holding the office of Director by virtue of any order from SEBI or any other authority.

Outgoing Director

Shri Ashish Chatterjee (DIN-07688473), who previously held the position of AS&FA, MOC, has ceased to be a Part-time Official Director on the Board of Coal India Limited, effective October 15, 2025.

This board change has been reported in compliance with Regulation 30 of the SEBI (LODR) Regulations 2015 and SEBI (Prohibition of Insider Trading) Regulations 2015.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.31%	+1.12%	-2.74%	-2.52%	-20.64%	+238.97%

Coal India Ltd (CIL), the state-owned coal mining behemoth, has taken a significant step towards enhancing its logistics capabilities. CIL signed a non-binding Memorandum of Understanding (MoU) with IRCON International Limited in Kolkata, aimed at jointly developing rail infrastructure for Coal India and its subsidiaries.

Strategic Partnership

The collaboration between Coal India and IRCON International, a public sector undertaking specializing in railway infrastructure, marks a strategic move to improve coal transportation efficiency. This partnership is expected to streamline logistics operations, potentially reducing costs and enhancing the overall supply chain for Coal India.

Financial Performance

Alongside this development, Coal India recently released its financial results for the June quarter, showcasing a mixed performance:

Financial Metric	Q1 FY2026 (₹ Crore)	Q1 FY2025 (₹ Crore)	YoY Change
Consolidated Net Profit	8,734.00	10,934.00	-20.10%
Revenue from Operations	35,842.00	37,503.00	-4.40%
EBITDA	12,521.00	14,338.00	-12.70%
Operating Margin	34.90%	38.20%	-3.30%

Despite the year-on-year decline, Coal India's financial performance exceeded analyst expectations:

Net profit surpassed estimates of ₹8,005.00 crore
Revenue exceeded forecasts of ₹34,990.00 crore
EBITDA outperformed projections of ₹10,850.00 crore
Operating margin beat street expectations of 31.00%

Market Response

The market's reaction to these developments was slightly negative, with Coal India's shares closing at ₹382.05, down 0.69% on the day of the announcement.

The strategic MoU with IRCON International, coupled with the company's ability to outperform analyst estimates despite challenging market conditions, demonstrates Coal India's efforts to enhance operational efficiency and maintain its market position in the energy sector.