Shares of Coal India touched a day’s high of Rs 446.85 on 30 June, after it outlined a fresh plan to boost R&D spending.

Coal India plans to invest around Rs 1,900 crore in research and development by FY30, as the state run miner looks to sharpen its focus on technology and cleaner mining solutions.

The push gathered pace in FY25 with the launch of a dedicated research hub called the National Centre for Coal and Energy Research, or NaCCER.

The company has shifted its approach from early stage proof of concept work to actual prototype development.

Spending on R&D has already jumped sharply, rising four times to Rs 245 crore in FY25 from just Rs 61 crore the year before.

To build stronger ties with academic institutions, Coal India has also set up three Centres of Excellence at IIT Hyderabad, IIT Madras and IIT Dhanbad, backing them with a combined commitment of Rs 253 crore.

At present, 19 projects worth Rs 225 crore are running under NaCCER, while another 13 are being developed at these centres.

The research covers a wide range of areas, including clean coal technologies, carbon capture, coal gasification, recovery of rare earth elements and even early feasibility work on micro modular nuclear reactors.

The company has also tied up with international partners such as Ergo Exergy from Canada, Ericsson from Sweden and CSIRO from Australia for specific technology projects.

Shares of the Kolkata based PSU closed at Rs 439.05 on the NSE on 30 June, down 1.30% for the day.

The stock remains within its 52 week range of Rs 368.65 to Rs 491.25, though it has slipped close to 4% over the past month.

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