Get Live Index Option Trades
gift nifty image banner
Want a perfect stocks portfolio for 2026? Create Now
MARKETS

Coal India Shares Jump as October Coal Supply Tops 70 MT

Coal India Ltd
Coal India surges after it reported record coal output and supply for October.

Shares of Coal India Limited rose to a day high of Rs 407.50 on 2 November, up 5%, after it reported record coal output and supply for October.

The company dug out 67.2 million tonnes of coal during the month, its best ever October.

The old October high was 62.47 million tonnes, set in 2024. Coal India shared the numbers in a filing dated 1 November.

Supply did even better. The company sent out 70.3 million tonnes, crossing the 70 million mark for the first time.

The earlier best was 69.4 million tonnes in March 2026. Power plants took the biggest share. Coal India supplied 57.1 million tonnes to the power sector, another record.

That is up 19% from 48 million tonnes a year earlier, and well above the old high of 56.5 million tonnes from May 2024.

Production and total supply also grew about 19% from a year ago. Getting coal out of the mines matters as much as digging it.

Daily loading for the power sector reached 310 rakes, which are full train loads of coal, the highest in any month.

The earlier peak was 302.8 rakes a day in March 2025. Subsidiary MCL also crossed 20 million tonnes of monthly supply for the first time.

A senior company official said production and offtake are both gaining pace, and that coal stocks at power plants and mine sites could begin to build up. Shareholders also have a date coming up.

Coal India has declared a second interim dividend of Rs 10.25 per share, and 4 November is both the ex-date and the record date.

The company turned 51 on 1 November. It produced 768 million tonnes in FY26 and has set a target of 815 million tonnes for FY27.

At 12:39 pm, the stock was trading at Rs 405.05 on NSE, up Rs 16.05 or 4.13% from Friday’s close of Rs 389.

It has gained 4.26% over one year, though it still sits well below its 52-week high of Rs 491.25 from 30 April.

Tired of missing hot stocks? Tradz by EquityPandit provides powerful tools like stock scans and more help you make informed trading decisions. Download now and take control of your portfolio!

Click here to check market prediction for next trading session.




πŸ“°
News
πŸ“ˆ
Prediction
πŸ“Š
FII / DII
πŸ’Ό
Portfolio 2026