Coal India Production at 60% of FY26 Target After Q3, PMO Directs Subsidiary Listings
Coal India's December production increased 4.6% to 75.7mt, bringing cumulative production to 529.2mt, representing 60% of the FY26 target of 875mt. While production showed growth, off-take declined 5.2% to 64.9mt. The PMO has directed the company to list all subsidiaries by FY30, with IPO plans for major units already underway.

*this image is generated using AI for illustrative purposes only.
Coal India Ltd has announced its provisional production and off-take performance results for December and the cumulative period from April to December, presenting detailed operational metrics that show contrasting trends. The company's production progress stands at 60% of its full year target of 875 million tonnes for financial year 2026.
Production Performance Shows Strong Growth
The company reported significant improvement in coal production during December, with total output reaching 75.7 million tonnes compared to 72.4 million tonnes in the corresponding period of the previous year. This represents a notable growth of 4.6% year-on-year, demonstrating the company's continued focus on enhancing operational efficiency and meeting production targets. December's production has taken the year-to-date production figure to 529.2 million tonnes.
Off-Take Performance Faces Decline
Despite the positive production numbers, Coal India experienced a substantial decline in off-take performance during December. The off-take decreased to 64.9 million tonnes from 68.5 million tonnes in the same period last year, marking a decline of 5.2% year-on-year. This indicates potential challenges in coal distribution or variations in demand patterns from key consumer sectors.
| Performance Metric: | December | Previous Year | Change (%) |
|---|---|---|---|
| Coal Production: | 75.7mt | 72.4mt | +4.6% |
| Off-Take: | 64.9mt | 68.5mt | -5.2% |
Subsidiary-Wise Performance Analysis
Among the subsidiary companies, South Eastern Coal Fields emerged as the top performer in December with production growth of 28.2% compared to the same period last year. Eastern and Central Coalfields also saw an increase in production during the month. However, several subsidiaries faced production challenges, with some units experiencing declines in their operational performance.
Cumulative Performance and Annual Target Progress
For the cumulative period from April to December, Coal India's production reached 529.2 million tonnes compared to 543.4 million tonnes in the corresponding period of the previous year, reflecting a decline of 2.6%. The off-take performance for the same period stood at 544.7 million tonnes against 557.0 million tonnes last year, showing a decrease of 2.2%. Production for Coal India is generally lower in the first half of the year due to monsoons, and then picks up in the second half.
| Period Metric: | Apr-Dec Current | Apr-Dec Previous | Change (%) |
|---|---|---|---|
| Cumulative Production: | 529.2mt | 543.4mt | -2.6% |
| Cumulative Off-Take: | 544.7mt | 557.0mt | -2.2% |
| FY26 Target Progress: | 60% | - | - |
Corporate Developments and Market Performance
Coal India has been in focus recently following news that the PMO has directed the company to list all of its subsidiaries by financial year 2030. Plans for the IPOs of Bharat Coking Coal, Mahanadi Coalfields and other units are already in the works. Shares of Coal India are currently trading at ₹399.75, with the stock up 4% over the last 12 months.
Historical Stock Returns for Coal India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.36% | -0.47% | +5.48% | +2.75% | +3.64% | +195.86% |
















































