AGM Proceedings

The 52nd Annual General Meeting of Coal India Limited was held on Monday, 31st August 2026 at 11:00 AM through VC/OAVM and concluded at 12:53 PM.

Voting Process

CIL provided remote e-voting facilities through NSDL from 28th August 2026 to 30th August 2026. The results of remote e-voting would be clubbed with Instapoll voting results and declared within two working days from the conclusion of the AGM at the registered office of the Company. The result will be communicated to Stock Exchanges and uploaded on CIL's website (www.coalindia.in), RTA's website (www.alankit.com), and NSDL's website (www.evoting.nsdl.com).

Resolutions Approved

Nine proposals were presented for shareholder approval:

Ordinary Business - Ordinary Resolutions (Item No. 1-4):

  • Item 1: Adoption of Standalone and Consolidated Audited Financial Statements for FY 2025-26 and Reports of Board of Directors, Statutory Auditor and Comptroller and Auditor General of India
  • Item 2: Confirmation of 1st, 2nd and 3rd Interim dividends paid @ ₹5.50 per share (55.00%), ₹10.25 per share (102.50%) and ₹5.50 per share (55.00%) respectively, and declaration of final dividend @ ₹5.25 per share (52.50%) on equity shares for FY 2025-26
  • Item 3: Reappointment of Shri Mukesh Choudhary (DIN-07532479), Director (Marketing) who retires by rotation
  • Item 4: Authorization to Board of Directors to fix remuneration of Statutory Auditors for FY 2026-27 as appointed by C&AG

Special Business - Ordinary Resolutions (Item No. 5-8):

  • Item 5: Ratification of remuneration of ₹5,00,000/- plus out of pocket expenditures at actuals restricted to 50% of Audit fees and applicable taxes payable to M/s. Bandyopadhyaya Bhaumik & Co., Cost Auditor (Registration Number-000041) for FY 2026-27
  • Item 6: Appointment of Shri Ashim Kumar Modi (DIN-11342680) as Part-time Official Director w.e.f. 15th October 2025 until further orders as per Ministry of Coal letter dated 6th October 2025
  • Item 7: Appointment of Shri B. Sairam (DIN-09784229) as Whole-time Director to function as Chairman-cum-Managing Director w.e.f. 15th December 2025 until further orders as per Ministry of Coal letter dated 15th December 2025
  • Item 8: Appointment of Shri Asheesh Kumar (DIN-10836997) as Whole-time Director to function as Director (Business Development) w.e.f. 28th August 2025 until further orders as per Ministry of Coal letter dated 18th July 2025

Special Business - Special Resolution (Item No. 9):

  • Item 9: Appointment of Smt Sona Kumari (DIN-11835630) as Independent Director for a period of 3 years w.e.f. 18th July 2026 until further orders as per Ministry of Coal letter dated 15th July 2026

Financial Performance FY 2025-26 (Consolidated)

Operational Metrics

  • Coal Production: 768.19 million tonnes (previous: 781.06 million tonnes)
  • Coal Offtake: 744.83 million tonnes (previous: 762.98 million tonnes)
  • Overburden Removal: 1,980 million cubic metres (previous: 2,019 million cubic metres)
  • E-auction Allocation: 101.72 million tonnes (previous: 89.38 million tonnes)
  • E-auction Premium: 38% over floor price (previous: 48%)

Financial Results

  • Revenue from Operations: ₹1,68,400 crore (previous: ₹1,69,177 crore)
  • EBITDA: ₹53,276 crore (previous: ₹57,139 crore)
  • EBITDA Margin: 32% (previous: 34%)
  • Profit Before Tax: ₹41,923 crore (previous: ₹47,163 crore)
  • Profit After Tax: ₹31,071 crore (previous: ₹35,450 crore)
  • Net Profit Margin: 18% (previous: 21%)
  • Earnings Per Share: ₹50.46 (previous: ₹57.61)
  • Return on Average Equity: 30%
  • Return on Average Capital Employed: 21%
  • Net Worth: ₹1,19,102 crore (increased 17% from ₹1,01,720 crore)
  • Capital Employed: ₹2,18,009 crore
  • Book Value Per Share: ₹193.26 (previous: ₹165.06)
  • Debt-Equity Ratio: 0.12
  • Credit Rating: AAA with stable outlook (domestic)

Subsidiary Performance

Production by Subsidiaries:

  • Mahanadi Coalfields Limited: 218.31 million tonnes
  • South Eastern Coalfields Limited: 176.29 million tonnes
  • Northern Coalfields Limited: 140.50 million tonnes
  • Central Coalfields Limited: 82.26 million tonnes
  • Western Coalfields Limited: 63.03 million tonnes

Profit After Tax by Subsidiaries:

  • Mahanadi Coalfields Limited: ₹10,698 crore
  • Northern Coalfields Limited: ₹10,657 crore
  • South Eastern Coalfields Limited: ₹4,755 crore
  • Central Coalfields Limited: ₹2,967 crore
  • Western Coalfields Limited: ₹1,598 crore

Dividend Information

  • Total Dividend for FY 2025-26: ₹26.50 per equity share (265% of face value)
  • Interim Dividends: ₹21.25 per share aggregate (1st: ₹5.50, 2nd: ₹10.25, 3rd: ₹5.50)
  • Final Dividend: ₹5.25 per share (subject to shareholder approval)
  • Total dividend contribution to Government of India: ₹10,272 crore
  • Cumulative dividend distributed since listing (2010): Approximately ₹1.88 lakh crore

Tax Impact

  • GST on coal revised from 5% to 18% effective 22nd September 2025
  • Accumulated input tax credit utilized: ₹5,985 crore during the year

Q1 FY 2026-27 Performance

  • Offtake: 4% year-on-year growth
  • Revenue from Operations: ₹46,255 crore (8% growth)
  • Profit After Tax: ₹8,850 crore (marginal improvement)
  • July 2026 Offtake: 18% growth over corresponding month last year
  • E-auction Premium (April-July 2026): 43% average premium over notified prices

Strategic Developments & Diversification

Subsidiary Listings

  • Bharat Coking Coal Limited listed on 19th January 2026 with 10% stake sale, subscription of nearly 147 times
  • Central Mine Planning and Design Institute Limited listed on 30th March 2026 with 15% stake sale
  • Board accorded in-principle approval for listing of Mahanadi Coalfields Limited and South Eastern Coalfields Limited

Coal Gasification Project

  • Foundation stone laid on 20th June 2026 for India's first commercial coal gasification project
  • Joint venture with BHEL: Bharat Coal Gasification and Chemicals Limited
  • Investment: Approximately ₹25,000 crore
  • Annual Capacity: 6.6 lakh tonnes of ammonium nitrate

Renewable Energy

  • First 100 MW solar plant commissioned at Patan, Gujarat on 4th May 2026
  • 200 MW of 300 MW Khavda solar project commissioned on 8th July 2026
  • First-ever revenue from energy sale: ₹5.68 crore in Q1 FY27
  • Target: 9.5 GW renewable capacity by FY 2029-30

Coal Beneficiation & Mining

  • Additional 2 MTPA coal washery commissioned at Bharat Coking Coal Limited, taking total washing capacity to 17.35 MTPA
  • First revenue-sharing mine developer and operator project commenced at ASGKCC mine in Katras

Critical Minerals & International Expansion

  • Secured Kawalapur Rare Earth Elements Composite Licence Block in Maharashtra (January 2026)
  • Total critical mineral blocks: Five
  • Secured Gadadharpur iron ore block in Odisha with estimated resource of 288 million tonnes (first move into iron ore mining)
  • Incorporated wholly owned subsidiary CIL Global Pte. Ltd. in Singapore on 24th August 2026 for overseas critical mineral asset acquisition

Other Ventures

  • Joint venture with Damodar Valley Corporation for 1,600 MW thermal power project at Chandrapura
  • Maiden dividend received from fertiliser joint venture Hindustan Urvarak and Rasayan Limited: ₹404.37 crore

Operational Infrastructure

  • Nine First Mile Connectivity projects became operational during the year
  • Mechanised evacuation capacity being scaled up from 151 MTPA to 994 MTPA
  • Investment: Approximately ₹25,600 crore across 72 identified projects
  • Underground mining target: 70 million tonnes production by FY 2029-30
  • Long-term production roadmap: Approximately one billion tonnes by FY 2029-30
  • 124 ongoing mining projects with combined capacity of over 1,045 MTPA
  • Sanctioned capital: Exceeding ₹1.69 lakh crore

Sustainability & CSR Initiatives

CSR Expenditure

  • Standalone company: Spent ₹156.57 crore against statutory requirement of ₹17.60 crore
  • Consolidated group: Spent ₹1,016.28 crore against requirement of approximately ₹892 crore

Healthcare Programs

  • Thalassemia Bal Sewa Yojana: Crossed 1,000 bone marrow transplants milestone
  • Project Nanha Sa Dil: Completed 500 life-saving cardiac surgeries for children in Jharkhand

Education & Infrastructure

  • Completed girls' hostel at IIT Bombay
  • Supported infrastructure at Kendriya Vidyalaya at NIT Rourkela
  • Digital education and hygiene programmes for tribal students across Eklavya Model Residential Schools

Environmental Initiatives

  • Planted 52.92 lakh saplings across 2,404 hectares
  • Developed eco-parks count: 39
  • Registered 1,793 hectares of degraded forest land under Green Credit Programme
  • Treated mine water shared: 3,140 lakh cubic metres with surrounding communities, benefiting 16.2 lakh people across 971 villages
  • Final closure approval for 32 mines, cumulative closed mines count: 40
  • Capital expenditure on solar projects: ₹1,651 crore (188% increase from ₹573 crore)
  • Total green technology outlay: ₹6,797 crore for the year

Governance & Compliance

  • Company complied with Corporate Governance Guidelines for Central Public Sector Enterprises, Companies Act 2013, and SEBI LODR Regulations 2015
  • Exception: Appointment of requisite number of Independent Directors pending with Government of India (matter taken up with Ministry of Coal)
  • Annual Report includes Corporate Governance section, compliance certificate from Practising Company Secretary, and Secretarial Audit Report for FY 2025-26