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Coal India: Stock jumps after signing MoU with Chhattisgarh Mineral Development Corporation

Coal India Limited has signed a non-binding MoU with Chhattisgarh Mineral Development Corporation to collaborate on exploring and extracting critical and other strategic minerals in Chhattisgarh.

Introduction

Leading coal mining company has signed a Memorandum of Understanding with Chhattisgarh Mineral Development Corporation to jointly explore and extract critical and other strategic minerals across key regions in Chhattisgarh.

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Share price movement of Coal India

On October 7, 2025, Coal India Ltd opened at ₹384.05, up 0.52% from its previous close of ₹382.05. The stock touched a high of ₹388.90 and a low of ₹383.95. By 2:21 PM, it traded at ₹385.10, a 0.80% increase, with a market capitalization of ₹2,37,326.67 crore.

Coal India Signs MoU with CMDC for Minerals

Coal India Limited and Chhattisgarh Mineral Development Corporation Ltd. have signed a non-binding MoU. The agreement focuses on collaboration in exploration and extraction of critical minerals and other minerals of mutual interest.

The MoU aims to strengthen joint efforts in mineral development. Both companies will work together on projects to explore and exploit critical and other strategic minerals in Chhattisgarh.

Recent news on Coal India

As of September 09, 2025, Coal India Ltd signed an MoU with NSTFDC to upgrade infrastructure and build capacity in 76 Eklavya Model Residential Schools across four Indian states.

Stock performance of Coal India for Period of 1 week, 6 months, and 1 year

Coal India Ltd delivered a -2.06% return over the past week, gained 1.95% in the past six months, and declined by 20.5% over the past year.

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Shareholding pattern of Coal India

ParticularsJun 2025Mar 2025Dec 2024
Promoter63.10%63%63%
FII8.20%7.70%8.60%
DII23%24%23%
Public6%6%6%

About Coal India

Coal India Ltd (NSE: COALINDIA) is a Maharatna company under the Ministry of Coal, engaged in coal mining, production, and washing, serving power, steel, cement, fertilizer, and brick kiln sectors across India.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

FAQs

Q: Why is Coal India Ltd share price going up today?

A: Coal India Ltd share price is rising after signing a non-binding MoU with CMDC for exploring and exploiting critical and other minerals.

Q: What does Coal India Ltd specialize in?

A: Coal India Ltd specializes in mining and production of coal and operates coal washeries serving power, steel, and other sectors.

Q: What is the market capitalization of Coal India Ltd?

A: Coal India Ltd has a market capitalization of approximately ₹2,37,326.67 crore as of October 7, 2025.

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