Coal India Appoints Ashish Chatterjee as Government Nominee Director, Replacing Nirupama Kotru

1 min read     Updated on 24 Jul 2025, 05:47 PM
scanxBy ScanX News Team
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Overview

Coal India Limited (CIL) has appointed Shri Ashish Chatterjee as a Part-time Official Director (Government Nominee Director) on its Board, effective July 24, 2025. Chatterjee, currently the Additional Secretary and Financial Advisor at the Ministry of Coal, replaces Ms. Nirupama Kotru. The appointment was made by the Ministry of Coal and will remain in effect until further orders. CIL has officially communicated this change to the stock exchanges and is in the process of completing the necessary appointment formalities.

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*this image is generated using AI for illustrative purposes only.

Coal India Limited (CIL), a Maharatna company, has announced a significant change in its board composition. The Ministry of Coal has appointed Shri Ashish Chatterjee as a Part-time Official Director (Government Nominee Director) on the company's Board, effective July 24, 2025.

New Appointment Details

Shri Ashish Chatterjee, who currently serves as the Additional Secretary and Financial Advisor (AS&FA) at the Ministry of Coal, takes over the position from Ms. Nirupama Kotru. The appointment, made by the Ministry of Coal, will remain in effect until further orders.

Official Communication

In compliance with Regulation 30 of the SEBI (LODR) Regulations 2015 and SEBI (Prohibition of Insider Trading) Regulations 2015, Coal India Limited has officially communicated this change to the Bombay Stock Exchange and the National Stock Exchange of India Limited.

According to the company secretary, B. P. Dubey, Coal India is in the process of completing the necessary appointment formalities. The required disclosures regarding this appointment will be submitted in due course.

Key Information

Item Detail
Appointee Shri Ashish Chatterjee (DIN: 07688473)
Position Part-time Official Director (Government Nominee Director)
Effective Date July 24, 2025
Predecessor Ms. Nirupama Kotru (DIN: 09204338)

This board-level change comes as part of the government's ongoing efforts to ensure effective governance and oversight in public sector enterprises. As the AS&FA at the Ministry of Coal, Shri Chatterjee brings valuable financial and administrative expertise to Coal India's board.

Coal India Limited, with its registered office in Kolkata, continues to play a crucial role in India's energy sector. The company's management is expected to work closely with the newly appointed director to further its strategic objectives and operational efficiency.

As Coal India adapts to these changes, stakeholders will be keenly watching how the new board composition influences the company's direction and performance in the coming months.

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Coal India: Production Declines in June Quarter, Reaches 21% of FY26 Target

1 min read     Updated on 01 Jul 2025, 12:21 PM
scanxBy ScanX News Team
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Overview

Coal India experienced a 3.20% decrease in production to 183.30 million tonnes and a 4.50% drop in offtake to 190.10 million tonnes in Q1 FY26. June production fell by 8.50% year-over-year to 57.80 million tonnes. Despite operational challenges, the company's Q4 FY25 net profit exceeded expectations at ₹9,604.00 crore, with a final dividend of ₹5.00 per share declared.

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Coal India , the country's largest coal producer, has reported a significant decrease in its production and offtake figures for the recent quarter, indicating challenges in the coal sector.

Q1 FY26 Performance

Coal India's production fell 3.20% to 183.30 million tonnes (MT) in the first quarter of fiscal year 2026, reaching 21.00% of its full-year target. The company's offtake, which represents the amount of coal supplied to customers, dropped 4.50% in Q1 to 190.10 MT, signaling weak demand across several units.

June Production Slump

Adding to the company's challenges, Coal India's production figures for June have shown a significant downturn. The company produced 57.80 MT of coal in June, marking a substantial 8.50% decrease compared to the same month in the previous year.

Financial Performance

Despite the production and offtake challenges, Coal India's financial performance has been strong. The company's Q4 FY25 net profit surpassed estimates, reaching ₹9,604.00 crore. Additionally, a final dividend of ₹5.00 per share was declared, indicating a positive financial outlook despite operational challenges.

Implications for the Coal Sector

The simultaneous decline in both production and offtake paints a concerning picture for Coal India and potentially for the broader coal industry in India. These figures may reflect:

  1. Reduced Demand: The decrease in offtake suggests a potential slowdown in coal consumption across various sectors.
  2. Production Challenges: The drop in June production could be due to operational issues, weather-related disruptions, or strategic decisions to align output with demand.
  3. Market Dynamics: These figures might indicate changing market dynamics, possibly influenced by factors such as increased focus on renewable energy or economic fluctuations.

As Coal India plays a crucial role in India's energy sector, these developments will likely be closely monitored by industry analysts and policymakers. The company's performance in the coming months will be critical in determining whether this is a temporary setback or part of a longer-term trend in the coal industry.

Stakeholders will be keen to see how Coal India addresses these challenges and what strategies it implements to navigate the current market conditions. The company's ability to adapt to changing demand patterns and optimize its operations will be key factors in its future performance.

Historical Stock Returns for Coal India

1 Day5 Days1 Month6 Months1 Year5 Years
-1.23%-1.98%-2.80%+1.34%-22.91%+193.04%
Coal India
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