COALINDIA

BHUBANESWAR, May 14 (Reuters) - One person was killed and 11 others injured after an air blast at an Eastern Coalfields Ltd (ECL) mine in Asansol in West Bengal state, local police said on Thursday.

Around 120 workers were present in an underground mine when the blast happened, Dhruba Das, a senior police officer told Reuters, adding that the rescue operations have been completed.

Mines operations were not impacted, an ECL official told Reuters. ECL is a unit of state-run miner Coal India COAL.NS.

Economic Times newspaper reported earlier that at least 40 mine workers were injured in the accident.

(Reporting by Jatindra Dash and Hritam Mukherjee)

((hritam.mukherjee@thomsonreuters.com; @MukherjeeHritam;))

Repeats story without changes to text.

By Sethuraman N R

NEW DELHI, May 13 (Reuters) - India's cabinet approved a 375 billion rupee ($3.92 billion) scheme to boost coal gasification projects, reducing reliance on imported fuels and channelling domestic coal into cleaner industrial uses, Information Minister Ashwini Vaishnaw said.

The cabinet decision seeks to encourage the conversion of coal into synthetic gas that can be used to produce power, fertiliser, petrochemical among other industrial applications.

That, in turn, would help reduce India's imports of liquefied natural gas (LNG), urea, ammonia and methanol, Vaishnaw said on Wednesday.

The scheme comes as India's gas imports have been impacted by the Middle East crisis.

Several countries, including the United States and China, are also exploring coal gasification technologies as part of efforts to cut emissions while continuing to rely on coal for energy security.

India, which has one of the world's largest coal reserves of 401 billion tons and 47 billion tons of lignite, aims to gasify about 75 million metric tons of coal annually, Vaishnaw said, with the scheme expected to bring investments of about 3 trillion rupees.

Under the plan, the government will provide financial assistance of around 20% of the cost of plant and machinery.

Interest in the sector is expanding among power producers. State-run power producer NTPC is looking to enter the coal gasification business, with plans to produce between 5 million and 10 million tonnes per annum of synthetic gas over the next three to four years, Reuters reported last year.

India had in 2024 approved an 85-billion-rupee coal gasification incentive scheme.

($1 = 95.7700 Indian rupees)

(Reporting by Sethuraman NR, Hritam Mukherjee and CK Nayak
Editing by Bernadette Baum)

((hritam.mukherjee@thomsonreuters.com; @MukherjeeHritam;))

NEW DELHI, May 7 (Reuters) - The Indian government is likely to divest 3%-4% stake worth 100 billion rupees ($1.06 billion) in state-run miner Coal India COAL.NS via the offer-for-sale route, broadcaster CNBC-TV18 reported citing sources on Thursday.

($1 = 94.3987 Indian rupees)

(Reporting by Hritam Mukherjee; Editing by YP Rajesh)

((hritam.mukherjee@thomsonreuters.com; @MukherjeeHritam;))

May 5 (Reuters) - Coal India Ltd COAL.NS:

• COAL INDIA - RECEIVES COMMISSIONING CERTIFICATE FOR 100 MW SOLAR POWER PLANT IN GUJARAT

Source text: ID:nNSE6vq1XP

Further company coverage: COAL.NS

((Reuters.Briefs@thomsonreuters.com;))

** Shares of Coal India COAL.NS rise 3.7% to 469.05 rupees

** The state-owned miner beats Q4 profit, helped by higher prices and pickup in demand from customers ahead of peak summer season

** Gas supply shortfall linked to the U.S.-Israeli war against Iran also lifted coal consumption as an alternative

** Jefferies expects stronger power demand growth in FY27, due to high chances of intense summer and El Nino, as lower rainfall typically boosts agricultural and residential power use

** Emkay - In Q4, COAL's strong e‑auction realizations it cooled sequentially due to lower reserve prices but premiums are expected to sustain around 55% through FY27-28

** Analysts have a "hold" rating on avg; median PT is 440 rupees - data compiled by LSEG

** YTD, COAL up 14.3%

(Reporting by Urvi Dugar in Bengaluru)

((UrviManoj.Dugar@thomsonreuters.com;))

April 27 (Reuters) - State-owned miner Coal India COAL.NS reported a larger-than-expected quarterly profit on Monday, driven by higher prices and a pickup in demand from customers ahead of peak summer season, as a gas supply shortfall linked to the U.S.-Israeli war against Iran lifted coal consumption.

The company reported consolidated net profit of 108.39 billion rupees ($1.15 billion), higher than analyst expectations of 92.24 billion rupees, as per data compiled by LSEG.

• The company's consolidated net profit rose 11.2% to 108.39 billion Indian rupees in the quarter ended March 31, from 97.52 billion rupees a year earlier.

• India relies on coal for three-fourths of its electricity generation. Higher power consumption during the winter, as well as a warm February and heatwave conditions in March, contributed to power usage in the quarter.

• Consolidated revenue from operations rose nearly 6% to 464.90 billion rupees

• Coal India's offtake, or sales to customers, rose for the first time in six months in March. Sales increased ahead of peak summer, amid a shortfall in gas supply due to the Iran war.

• Analysts from Elara Capital said ahead of the results that increased production year-on-year would help sales and profit growth, despite a 1.4% decline in offtake compared to last year.

• The company's average realisation, or average selling price per tonne, rose about 6% to 2,289.58 rupees, supporting revenue

($1 = 94.1900 Indian rupees)

(Reporting by Abhirami G in Bengaluru; Editing by Tasim Zahid)

((abhirami.g@thomsonreuters.com))

April 10 (Reuters) - Coal India Ltd COAL.NS:

• ABSORBS INPUT COST INCREASES TO INSULATE INDIAN COAL USERS

• COMPENSATING INCREASED PRICE OF INDUSTRIAL DIESEL TO CONTRACTORS, OPERATING IN CIL'S MINES

• SOME OF CIL'S SUBSIDIARIES HAVE REDUCED RESERVE PRICE OF COAL IN SINGLE WINDOW MODE AGNOSTIC E-AUCTION

• AMMONIUM NITRATE COST INCREASES 44% TO 72,750 RUPEES PER TON AS OF APRIL 1, 2026

• CIL INCREASES FREQUENCY AND QUANTUM OF COAL AUCTIONS

Source text: ID:nBSEcgf4zz

Further company coverage: COAL.NS

((Reuters.Briefs@thomsonreuters.com;;))

April 8 (Reuters) - ** Shares of Coal India COAL.NS down about 3% at 448.15 rupees; set to fall the most since Feb 1

** Biggest loser on Nifty 50 index .NSEI, which is up 3.6%

** Stock falls after U.S. agreed to a two-week ceasefire with Iran, easing concerns over oil and LNG flows through Strait of Hormuz

** Expectations of higher demand for alternative feedstock amid Middle East conflict led to rise in COAL earlier this month

** Co accounts for over 80% of India's production and is world's largest coal miner by output

** COAL rated "hold" on average by 22 analysts, median PT at 434.50 rupees - data compiled by LSEG

** YTD, COAL up about 12% vs Nifty 50's nearly 8% decline

(Reporting by Bipasha Dey in Bengaluru)

((Bipasha.Dey@thomsonreuters.com;))

By Sethuraman N R

NEW DELHI, April 1 (Reuters) - Coal India's COAL.NS sales in March grew for the first time in six months, the company said on Wednesday, indicating a ramp-up in coal stocks ahead of peak summer amid a shortfall in gas supply due to the U.S.-Israeli war against Iran.

Coal India's offtake, or sales to customers, rose 0.7% to 69.5 million tons in March, despite a 1.5% drop in its provisional output to 84.5 million tons, the company said in a stock exchange filing.

The state-run company accounts for over 80% of the country's production and is the world's largest coal miner by output.

Coal India's offtake fell for six consecutive months after a 7.6% jump in August, boosting inventory levels at power plants as temperate weather dented India's power demand in 2025.

The higher stocks have kept import demand subdued despite the peak summer season approaching, said Vasudev Pamnani, director at Gujarat-based coal trader iEnergy Natural Resources.

Domestic coal remained relatively more attractive in certain segments, he said, adding that disruptions in liquefied natural gas supply and reduced gas-based power generation are expected to boost reliance on coal for power generation.

India, which relies on coal for nearly 75% of its power generation, is expected to lean more on the polluting fuel during the summer due to the gas shortage, Reuters reported in March.

Although gas accounts for only around 2% of India's total power generation, the South Asian country uses about 8-10 gigawatts (GW) of gas power during peak-demand periods or heatwaves.

In the absence of gas, India has asked its coal plants to run at maximum capacity and avoid planned outages, and has also asked industries to produce their own power through their captive generation plants to free up supplies for households.

India is set to experience a hotter-than-normal summer this year, with heat wave days in May expected to exceed the seasonal average.

(Reporting by Sethuraman NR; Editing by Varun H K)

((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net/))

March 30 (Reuters) - Central Mine Planning & Design Institute CENM.NS, a Coal India COAL.NS unit, debuted at a 7% discount on Monday, pressured by broader market weakness tied to the Middle East conflict and concerns over the company's reliance on its parent for revenue.

The company listed at 160 rupees ($1.70) on the National Stock Exchange of India, below its issue price of 172 rupees.

($1 = 93.8700 Indian rupees)

(Reporting by Vivek Kumar M; Editing by Sumana Nandy and Sherry Jacob-Phillips)

((VivekKumar.M@thomsonreuters.com;))

March 27 (Reuters) - Coal India Ltd COAL.NS:

• TO SET UP EIGHT NEW COKING COAL WASHERIES WITH 33 BILLION RUPEES OUTLAY

• TO INVEST 3 BILLION RUPEES IN RENOVATION OF EXISTING COKING COAL WASHERIES

• EIGHT NEW WASHERIES TO BE OPERATIONAL BY FY 2030 WITH 21.5 MT/Y CAPACITY

Source text: ID:nBSEc9YbjV

Further company coverage: COAL.NS

((Reuters.Briefs@thomsonreuters.com;;))

Rewrites paragraph 1 and headline to say IPO is fully subscribed, adds background throughout

March 24 (Reuters) - Central Mine Planning & Design Institute Ltd's (CMPDIL) CENM.NS $198.7 million initial public offering was fully subscribed on the final day of bidding on Tuesday, helped by large institutional investors.

The company, a subsidiary of the world's largest coal miner, Coal India, received bids for 83.7 million shares, against 79.8 million on offer, exchange data updated at 5:42 p.m. IST showed.

Qualified institutional buyers subscribed to more than three times the reserved portion, while retail investors bid for a third of the shares on offer, with analysts citing fragile global sentiment from the ongoing war in the Middle East.

CMPDIL's IPO follows a successful public listing in January by another Coal India unit, Bharat Coking Coal BARC.NS. The company's shares nearly doubled on debut, marking one of the strongest listings in India in recent years. Its IPO was subscribed about 147 times over, led by strong demand across retail and institutional buyers.

Swastika Investmart said that CMPDIL's discounted valuation and debt-free balance sheet makes it a tactical short- to medium-term play, but its reliance on Coal India for 90% of its revenue is an immediate risk.

The company, which provides consultancy and support services for coal and mineral exploration, is seeking a valuation of up to $1.33 billion. It raised 4.69 billion rupees ($50.26 million) from anchor investors on Wednesday, with about 69% of the funds coming in from domestic mutual funds and life insurance companies.

The IPO is fully an offer for sale, with Coal India planning to offload up to 107.1 million shares. The stock is expected to list on March 30.

($1 = 93.3060 Indian rupees)

(Reporting by Vivek Kumar M and Nandan Mandayam in Bengaluru; Editing by Janane Venkatraman)

((VivekKumar.M@thomsonreuters.com;))

March 23 (Reuters) - Coal India Ltd COAL.NS:

• INCORPORATES INTERMEDIATE HOLDING COMPANY AT SINGAPORE

Further company coverage: COAL.NS

((Reutersbriefs@thomsonreuters.com;))

For photo essay click here https://bit.ly/4uCUiH0

By Avijit Ghosh and Sethuraman N R

CHHATTISGARH/NEW DELHI, March 17 (Reuters) - On a moonless night in central India, Pannelal Rajak braces an axe on his shoulder and sweeps a high beam torch across the still, inky water of a lake. Rajak points in the distance to where the light fades. "My land was there," he says.

Decades ago, Rajak, now 78, gave up his land for the Bishrampur open-cast coal mine in exchange for money and a job in the mine he believed would follow.

But, Rajak never got the job. He says the mining company would not give him work because of a disability in his left hand.

Today, he guards the same mine, which was turned into a boating lake with a floating restaurant when the coal ran out.

"At least I am earning something here now," he says.

Bishrampur stands as a model for India's attempts to give its exhausted mines a second life.

The world's second-largest coal producer and consumer after China is accelerating regeneration programmes across hundreds of mines as their coal runs out, aiming to create sustainable livelihoods for the communities who live there, mostly from tourism.

Spread across 1,472 hectares (5.68 square miles), the Bishrampur mine's 10 pits yielded more than 38.7 million tons of coal between 1961 and 2018 when the coal finally ran out.

Over time, some of the pits had gradually filled with water, creating a deep, bottle-green lake.

The district administration, with some funding from South Eastern Coalfields Ltd (SECL), transformed it into a small tourist hub with rafts, a park and a few cottages. SECL is a unit of Coal India Ltd COAL.NS, the world's largest coal miner.

The site, which began to be repurposed for tourism in 2018, is managed by a women's community group and a fishery cooperative, and attracts as many as 150 people at the weekend.

For the women, the gains have gone beyond income.

"In the village, most women are only housewives. Our movements were restricted," says 30-year-old boat operator Anjani Singh.

"Working here, meeting officials and people gave us confidence."

The group's leader, Pooja Sahu, agrees.

"Here women are known by the name of their husband or father-in-law. We wanted to be known by our own names," she says.

Around Kenapara, the nearest village, locals now recognise them as the women who "run the boats."

Savita Gupta, 28, who runs the lake's floating restaurant, said her association with the women's group had transformed her from housewife to entrepreneur.

"I hope my daughter will learn from my life and think about becoming an independent woman," Gupta said.

Not far from the water, other projects are also underway.

A 40-hectare solar park generating 12 megawatts of power employs several local residents, including technician Pawan Kumar, 22, who earns 15,000 Indian rupees ($162.25) a month.

Officials say they have restored several hundred hectares of former mining land, planting trees including sheesham - a North Indian rosewood - and mango. SECL has spent around 43 million rupees developing the project, government data shows.

But the revival is fragile.

The women say they pay 2,000 rupees a month each to rent the boats and cover most of the maintenance costs themselves. They worry SECL is not doing enough to publicise the site and its attractions.

A nightly light show has been shut for months due to faulty lights.

SECL officials recently visited to take stock — the first such inspection in five years, the women say.

"Currently, it is managed by the district authority," says Ashish Clarence, an official with SECL, which highlights the park as a model for tourist development in its company brochures. The firm is considering improvements and maintenance to the site, he said, without giving more details.

Back on the night shift, Rajak pulls his torch in an arc across the water and listens to the faint creak of the boats in the dark.

He once worked this same patch as a hotel watchman when the mine was operational but the hotel and the job disappeared when the coal ran out.

"I've seen how things end here. This time, let it not end," he says.

($1 = 92.4475 Indian rupees)

(Reporting by Avijit Ghosh; Writing by Sethuraman NR; Editing by Kate Mayberry)

((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net/))

Adds details from paragraph 2

By Nidhi Verma

March 13 (Reuters) - India has asked liquefied petroleum gas consumers to avoid panic buying of LPG cylinders and shift to piped natural gas where possible, oil ministry official Sujata Sharma said on Friday.

India's crude oil, LPG, and liquefied natural gas supplies have been disrupted due to global shipping constraints after the U.S.-Israeli war with Iran halted traffic through the Gulf and the Strait of Hormuz.

"LPG is an issue of concern," said Sharma, a joint secretary in the federal oil ministry, adding the government is cracking down on black marketing and hoarding of LPG cylinders in coordination with states.

About 333 million households use LPG cylinders, and more than 150 million get gas supplies through pipelines. Sharma said about six million LPG-consuming households could easily switch to piped gas use.

"We request them to avail piped gas connection to ease pressure on LPG," she said.

She also said that commercial and industrial consumers in major urban cities facing LPG shortages should contact their local city gas distribution company to arrange a piped gas connection.

PANIC BUYING

India consumed 33.15 million metric tons of cooking gas last year, with imports accounting for about 60% of demand. About 90% of those imports came from the Middle East.

Panic buying had pushed daily LPG booking requests to about 7.6 million as of Thursday from around 5.5 million on March 1, with most bookings made online, Sharma said.

India has asked refiners to boost LPG production. Domestic LPG production has risen by 30% since March 5, she said.

The government has prioritised LPG supplies for households, followed by hospitals and educational institutions, while allowing commercial users to use alternative fuels such as biomass, coal and fuel oil.

India has asked Coal India COAL.NS, the country's top coal producer, to make coal available to small and medium enterprises and the hospitality sector, including restaurants and hotels, Sharma said.

To overcome the shortage, Indian ports are giving priority berthing to LPG carriers, said Rajesh Kumar Sinha, special secretary at the ministry of shipping.

(Reporting by Nidhi Verma in New Delhi; Editing by Janane Venkatraman and Jan Harvey)

((nidhi.verma@thomsonreuters.com))

** Coal India COAL.NS rises as much as 4.7% to 467.90 rupees, bucking broader market trend; set for third session of gains

** Expectations of higher demand for alternative feedstock amid Middle East conflict, early summer supporting state-owned co, say two analysts

** On Wednesday, India's coal ministry said country has sufficient supplies to meet what is expected to be an unprecedented surge in demand during summer months

** Pithead stock at COAL, which produces three-quarters of India's output, was around record 121.4 million tons as of March 9

** More than 11.7 million shares traded, 1.2x the 30-day avg

** Stock rated "buy" on avg; median PT is 436 rupees, per data compiled by LSEG

** YTD, COAL up 16.5%

(Reporting by Urvi Dugar in Bengaluru)

((UrviManoj.Dugar@thomsonreuters.com;))

Recasts, adds details on stocks, context throughout

NEW DELHI, March 11 (Reuters) - India has sufficient coal supplies to meet what is expected to be an unprecedented surge in demand during the summer months, the Coal Ministry said on Wednesday, after gas supply disruptions due to the U.S.-Israeli war on Iran.

The overall coal stock available in the country is about 210 million metric tons, which would be sufficient for about 88 days of consumption, the ministry said in a statement.

The South Asian country still relies on coal for three-fourths of its electricity generation, even as it ramps up renewable energy generation at a record pace.

The statement comes as India expects to boost its coal power usage to meet the summer demand after the conflict in the Middle East hit its supplies of natural gas, mainly from Qatar.

The country's power plants had 54.05 million tons of coal, enough for about 24 days at the current rate of consumption, the ministry said. Pithead stock at Coal India COAL.NS, which produces three-quarters of India's output, was around a record 121.4 million tons as of March 9.

"Coal production and supply continue to be higher than consumption in fiscal year ending March 31," the statement said.

Higher domestic production has also led India to open up exports for neighboring countries and test increased blending of domestic coal in power plants traditionally designed to be operated with imported coal.

(Reporting by Sethuraman NR, Tanvi Mehta and Hritam Mukherjee; Editing by YP Rajesh and Andrei Khalip)

((tanvi.mehta@thomsonreuters.com;))

By Neha Arora and Sethuraman N R

NEW DELHI, March 10 (Reuters) - Scores of small Indian steel producers have warned of production cuts as the escalating Middle East conflict disrupts gas supplies to the world's biggest producer of the alloy after China, industry officials said.

"We are looking at a 50% production cut as of now and a complete halt ahead, if supplies don't improve within a week," Yogesh Kanakiya, director at Triveni Iron and Steel Industries, told Reuters.

Triveni Iron and Steel Industries is based in the western state of Gujarat, the country’s largest gas-consuming region, which relies on the Middle East for much of its liquefied natural gas.

Several small steel mills in Gujarat depend on imported LNG.

Most gas producers, including Gujarat Gas GGAS.NS declared force majeure last week to restrict gas supplies to industries.

"We work on wafer thin margins and our margins have shrunk," said Anshum Goyal, managing director and promoter at Friends Steel Group in Gujarat. "We are concerned over supplies and it is affecting our decision-making in terms of prices we need to keep."

Producers in other parts of India are also grappling with rising coal costs fuelled by geopolitical tensions, adding pressure on margins.

About 6% of India's steel output uses gas-based direct reduced iron, or DRI, while roughly 50% depends on coal-fired blast furnaces.

"The ongoing geopolitical tensions have led to roughly a 10-12% increase in coal and freight costs," said Rahul Mittal, chairman of the Sponge Iron Manufacturers Association.

India produces around 50 million metric tons of sponge iron annually, largely used by secondary steel producers as raw material.

The impact of falling gas supplies has been exacerbated by sharp rises in imported coal prices.

South African thermal coal prices at Indian ports jumped by around 10-13% last week to a three-year high due to firmer freight rates and broader Middle East tensions, commodities consultancy BigMint said.

Coal buying in India has become more cautious amid higher freight costs and elevated global coal prices, said Vasudev Pamnani, director at Gujarat-based coal trader i-Energy Resources.

(Reporting by Neha Arora and Sethuraman NR; editing by Mayank Bhardwaj and Susan Fenton)

((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))

** Coal India's COAL.NS stock up 3.2% to 449.5 rupees, top gainer on Nifty 50 index .NSEI, which is up 0.51%

** Stock set to rise most in a session since Jan 28

** COAL above 100-day, 200-day SMAs since late Dec

** Citi hikes PT to 430 rupees from 415 rupees, expects stock to rise in next 90 days

** Brokerage says high LNG prices, due to Middle East war, expected to prompt gas-to-coal switch, driving up coal prices and potentially higher e-auction prices

** J.P.Morgan awaits "broader fundamentals to improve before turning constructive" on stock

** Avg rating by 21 analysts is "buy", median PT 436 rupees - data compiled by LSEG

** YTD, COAL up 13% vs .NSEI's 6% loss

(Reporting by Anuran Sadhu in Bengaluru)

((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))

** MSTC MSTC.NS rises as much as 3.4% to 467.45 rupees

** Co becomes L1 bidder for tender hosted by Coal India COAL.NS for appointment of external service provider to conduct linkage auction for non-regulated sector for 3 years

** More than 211,000 shares traded vs 30-day moving avg of 142,272

** MSTC last up 1.7%, cutting YTD losses to 13.6%

(Reporting by Meenakshi Maidas in Bengaluru)

((meenakshi.maidas@thomsonreuters.com;))

Feb 26 (Reuters) - MSTC Ltd MSTC.NS:

• BECOMES L1 BIDDER FOR COAL INDIA TENDER

Source text: ID:nBSEc72jB8

Further company coverage: MSTC.NS

((Reuters.Briefs@thomsonreuters.com;;))

Repeats story that ran on Monday, with no changes

By Nikunj Ohri

NEW DELHI, Feb 23 (Reuters) - India aims to raise 1.79 trillion rupees ($19.7 billion) from selling stakes in state-run firms through initial public offerings by the 2029/30 financial year, it said on Monday.

The IPOs will be part of a broader push to raise $183.7 billion by monetising state assets over the next four years, the government think tank NITI Aayog said in a report released late on Monday.

The IPOs will be in the railway, power, petroleum and natural gas, aviation and coal sectors, NITI Aayog said.

They are part of Prime Minister Narendra Modi's second four-year plan for asset monetisation, after the first raised 5.3 trillion rupees by 2024/25, below the government's 6 trillion rupee target.

STAKE SALES IN STATE-RUN FIRMS

Under the plan, the government aims to divest stakes in seven railway companies through IPOs that could potentially fetch 837 billion rupees by 2030, the report said. It targets raising 170 billion rupees of that through stock market listings in the coming financial year starting April 1, 2026, the report said, without naming the companies.

It also plans to list subsidiaries of state-run power firms to raise 310 billion rupees over the next four years, alongside 483 billion rupees from initial public offerings of subsidiaries of Coal India COAL.NS and the renewable energy assets of NLC India Limited NLCI.NS.

The Airports Authority of India will sell its stake in one subsidiary, and four airports that it owns through joint ventures with private partners.

In the financial year 2027/28, the government plans to list GAIL GAS, a subsidiary of GAIL (India) GAIL.NS to potentially raise 31 billion rupees, NITI Aayog said.

($1 = 90.9110 Indian rupees)

(Reporting by Nikunj Ohri; Editing by Susan Fenton)

((nikunj.ohri@thomsonreuters.com; +91 90284 60730; Reuters Messaging: twitter.com/nikunj_ohri))

By Nikunj Ohri

NEW DELHI, Feb 23 (Reuters) - India aims to raise 1.79 trillion rupees ($19.7 billion) from selling stakes in state-run firms through initial public offerings by the 2029/30 financial year, it said on Monday.

The IPOs will be part of a broader push to raise $183.7 billion by monetising state assets over the next four years, the government think tank NITI Aayog said in a report released late on Monday.

The IPOs will be in the railway, power, petroleum and natural gas, aviation and coal sectors, NITI Aayog said.

They are part of Prime Minister Narendra Modi's second four-year plan for asset monetisation, after the first raised 5.3 trillion rupees by 2024/25, below the government's 6 trillion rupee target.

STAKE SALES IN STATE-RUN FIRMS

Under the plan, the government aims to divest stakes in seven railway companies through IPOs that could potentially fetch 837 billion rupees by 2030, the report said. It targets raising 170 billion rupees of that through stock market listings in the coming financial year starting April 1, 2026, the report said, without naming the companies.

It also plans to list subsidiaries of state-run power firms to raise 310 billion rupees over the next four years, alongside 483 billion rupees from initial public offerings of subsidiaries of Coal India COAL.NS and the renewable energy assets of NLC India Limited NLCI.NS.

The Airports Authority of India will sell its stake in one subsidiary, and four airports that it owns through joint ventures with private partners.

In the financial year 2027/28, the government plans to list GAIL GAS, a subsidiary of GAIL (India) GAIL.NS to potentially raise 31 billion rupees, NITI Aayog said.

($1 = 90.9110 Indian rupees)

(Reporting by Nikunj Ohri; Editing by Susan Fenton)

((nikunj.ohri@thomsonreuters.com; +91 90284 60730; Reuters Messaging: twitter.com/nikunj_ohri))

** Shares of Coal India COAL.NS fall 1.5% to 412.95 rupees

** COAL's Q3 consol net profit dropped 15.8% Y/Y, revenue fell 5.2% Y/Y

** Brokerage Jefferies says COAL's third quarter cash EBITDA, excluding one-time executive wage revision impact, fell 5% Y/Y but was still 10% above its estimates thanks to better margins

** JP Morgan cuts PT to 397 rupees from 420 rupees, maintains 'neutral' rating, says clarity on future employee costs will be a key monitorable

** HSBC maintains 'Hold' rating, raises PT to 380 rupees from 374 rupees; raises FY27 EBITDA estimates by 2-3%

** COAL gained around 4% in 2025

(Reporting by Vijay Malkar)

((VijayDattaram.Malkar@thomsonreuters.com;))

Feb 12 (Reuters) - Coal India Ltd COAL.NS:

• COAL INDIA Q3 CONSOL NET PROFIT 71.57 BILLION RUPEES

• COAL INDIA Q3 CONSOL REVENUE FROM OPERATIONS 349.24 BILLION RUPEES

Source text: [ID:]

Further company coverage: COAL.NS

((Reuters.Briefs@thomsonreuters.com;))

Feb 4 (Reuters) - Coal India Ltd COAL.NS:

• COAL INDIA - APPROVES INCORPORATION OF HOLDING COMPANY IN CHILE

Source text: ID:nBSEGLGBG

Further company coverage: COAL.NS

((Reuters.Briefs@thomsonreuters.com;))

Feb 2 (Reuters) - Coal India Ltd COAL.NS:

• COAL INDIA - UPGRADES PAY SCALE FOR MID-LEVEL EXECUTIVES

• COAL INDIA - UPGRADATION IMPACT ESTIMATED AT 34 BILLION RUPEES

Source text: ID:nBSE1pG8pY

Further company coverage: COAL.NS

((Reuters.Briefs@thomsonreuters.com;))

Jan 20 (Reuters) - Coal India Ltd COAL.NS:

• COAL INDIA - GRANT OF MINERAL CONCESSION BY MINISTRY OF MINES

• COAL INDIA - COMPOSITE LICENSE FOR GRANT OF MINERAL CONCESSION HAS BEEN AWARDED TO CIL

Source text: ID:nBSE9v1zs0

Further company coverage: COAL.NS

((Reuters.Briefs@thomsonreuters.com;))

BENGALURU, Jan 19 - Shares of Bharat Coking Coal BARC.NS, India's top coking coal miner, debuted at a premium of 95.65% on Monday after its initial public offering drew bids worth $13 billion, making it one of the most heavily subscribed state-run IPOs in recent years.

The shares listed at 45 rupees on the National Stock Exchange of India, compared to the issue price of 23 rupees.

Bharat Coking Coal is a subsidiary of government-owned Coal India COAL.NS, one of the world's largest coal producers.

(Reporting by Urvi Dugar in Bengaluru; Editing by Janane Venkatraman)

((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))

By Hritam Mukherjee and Neha Arora

BENGALURU/NEW DELHI, Jan 15 (Reuters) - Coal India COAL.NS is scouting partnership opportunities in rare-earth mining across Australia, Russia, Argentina, Chile and several African countries, a top executive of its coking coal-focussed unit said on Thursday, as New Delhi looks to reduce reliance on China-dominated supply chains.

The move comes after top producer China expanded export curbs on rare-earth minerals late last year, threatening operations in sectors from autos to electronics that depend on the critical materials.

"In our country and in foreign countries also, we are going to invest; we are going to explore; we are also collaborating with other companies for rare earth metals. It is in the starting stage," Bharat Coking Coal Ltd BARC.NS Chairman and Managing Director Manoj Kumar Agarwal told Reuters in an interview.

Coal India is pursuing both overseas and local opportunities in this regard, and domestically aims to collaborate with state-run IREL, Khanij Bidesh India Ltd and Hindustan Copper HCPR.NS, Agarwal said.

The partnerships will be funded using proceeds from BCCL's $119 million initial public offering, which closed Tuesday after being oversubscribed nearly 147 times. The company, whose offering comprised only existing shares with no new issuance, is set to list Monday.

BCCL also plans to acquire coking coal mines in Australia and Russia within the next two to three years, Agarwal added.

The company aims to raise its coking coal production capacity to 56 million tonnes per annum by fiscal 2030, up from 40.5 MTPA at the end of fiscal 2025, he added.

Investors are betting BCCL will benefit from India's infrastructure push, which requires steel as a pivotal industrial raw material. Coking coal is a key steel-making ingredient.

(Reporting by Hritam Mukherjee in Bengaluru and Neha Arora in New Delhi; Editing by Tasim Zahid)

((Hritam.Mukherjee@thomsonreuters.com; X: @MukherjeeHritam;))