Coal India

July 16 (Reuters) - Coal India Ltd COAL.NS:

• COAL INDIA - COMMISSIONING OF 200 MW SOLAR POWER CAPACITY OUT OF 300 MW SOLAR POWER PROJECT AT KHAVDA, GUJARAT

Source text: ID:nnAZN4T85T3

Further company coverage: COAL.NS

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** Shares of Coal India COAL.NS up 0.23% at 435.10 rupees

** Co reported provisional coal production down 0.6% y/y and offtake up 7.5% y/y in June

SUMMER DEMAND SUPPORTS OUTLOOK

** Morgan Stanley ("equal-weight", PT: 420 rupees) expects strong thermal power demand to support Coal India's dispatches in coming months, but says production growth should be monitored

** Axis Capital ("add", PT: 485 rupees) says higher e-auction premiums and elevated international coal prices should support profitability, even as rising costs could partly offset the benefits

** Emkay ("add", PT: 475 rupees) expects production to recover in the second half of FY27 as inventory levels normalise, backed by firm electricity demand and tighter seaborne coal markets

** UBS ("buy", PT: 550 rupees) says stronger electricity demand lifted June offtake despite a decline in production, signalling healthy coal movement and inventory drawdown

(Reporting by Surbhi Misra in Bengaluru)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

July 1 (Reuters) - Coal India Ltd COAL.NS:

• COAL INDIA - RECEIVES ORDER TO SET UP 600 MW SOLAR PLANT AT JALAUN SOLAR PARK UP

• COAL INDIA - ESTIMATED PROJECT COST FOR 600 MW SOLAR PLANT IS 28.31 BILLION RUPEES

Source text: ID:nBSE42nRbk

Further company coverage: COAL.NS

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June 30 (Reuters) - Coal India COAL.NS plans to invest 19 billion rupees ($200.7 million) in research and development by fiscal year 2030, the state-run miner said on Tuesday.

Here are some details:

• The miner is researching clean coal, net-zero technologies, sustainable materials, mine re-purposing, and recovery of rare earth and critical minerals through partnerships with scientific institutions.

• Coal India has committed 2.53 billion rupees to three Indian Institutes of Technology, it said, which will be released in phases.

• Its R&D facility, called the National Centre for Coal and Energy Research, is also overseeing 19 R&D projects with a total outlay of 2.25 billion rupees at other scientific institutions.

• Coal India's R&D expenditure quadrupled to 2.45 billion rupees in fiscal 2025, from 610 million rupees a year earlier, it said.

($1 = 94.6675 Indian rupees)

(Reporting by Abhirami G in Bengaluru; Editing by Sonia Cheema)

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By Sethuraman N R

NEW DELHI, June 18 (Reuters) - India's thermal coal imports fell to a 4-year low in January-May due to higher local output and rising renewable energy generation, commodities consultancy BigMint said.

Overall, thermal coal imports, at 65 million tons in the year till May, declined by an annual 12%, the consultancy said.

India, the world's second-largest importer of thermal coal, has been seeking to reduce its reliance on imports and aims to cut the use of such coal for power generation by at least 30% this year.

The country's top producer, Coal India COAL.NS, had asked its subsidiaries to ramp up output as scorching temperatures due to the El Nino weather pattern increased electricity use.

Higher prices for imported coal and elevated freight rates due to the crisis in the Middle East also weighed on imports, BigMint said.

RISING RENEWABLE GENERATION

In January-May total power generation increased 5% from a year earlier, while renewable generation grew much faster at 22%, BigMint said.

India's peak power demand, a measure of the maximum electricity requirement, exceeded the country's expectations of 270 gigawatts on May 21, driven by heat waves.

Power demand in the South Asian nation climbed 11.2% to a two-year high in May, data from federal grid regulator Grid-India showed.

Thermal power generation rose 10% from a year earlier in the month, the highest since May 2024, as utilities ramped up output to meet round-the-clock electricity demand, the regulator's data showed.

During the month, India's renewable power generation rose 29.31% from the previous year to 27.58 billion kilowatt-hours, accounting for a record 17.9% of the country's power mix, according to a Reuters analysis of daily government data.

(Reporting by Sethuraman NR; editing by Nidhi Verma and Harikrishnan Nair)

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** UBS initiates miner Coal India COAL.NS with "buy"; street-high PT of 550 rupees

** Brokerage positive on India's medium-to-long term coal demand given lower import dependency, scope to increase domestic production

** COAL will benefit from India's increasing electricity demand as coal-based power generation dominates mix - brokerage

** Targeting 1 bln MTPA production by FY30, implying 7% CAGR over FY26-30 - brokerage

** COAL benefits from strong pricing power in e-auction segment - providing partial buffer when costs are inflated - brokerage

** Stock on avg rated "buy" by 24 analysts; median PT is 490 rupees - LSEG-compiled data

** COAL up 0.34%; YTD up 11.5%

(Reporting by Abhirami G in Bengaluru)

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

• COAL INDIA - TAKES STEPS TO OFFER MORE COAL TO NRS

• COAL INDIA - CIL OFFERS 35 MILLION TONNES COAL UNDER LINKAGE AUCTION ON 12 JUNE

• COAL INDIA - CIL HAS PUT ON OFFER AN ALL-TIME HIGH OF 35 MILLION TONNES (MTS) UNDER LINKAGE AUCTION WINDOW TO BE HELD ON 12TH JUNE

• COAL INDIA - CIL WILL BE CONDUCTING NEXT ROUND OF SHORT- TERM AUCTIONS ON 8 JUNE

• COAL INDIA - CIL OFFERS 13.75 MILLION TONNES COAL TO STEEL (COKING) SUB-SECTOR

• COAL INDIA - ALLOWED STEEL (COKING) SUB-SECTOR TO SELL COAL MIDDLINGS IN OPEN MARKET

Source text: ID:nBSE4vVCxR

Further company coverage: COAL.NS

(([email protected];))

** State-owned miner Coal India COAL.NS posted an 11.6% decline in May coal production, while coal offtake increased 2.2% Y/Y

** COAL shares down as much as 1.95% to 463.2 rupees

DEMAND OUTLOOK OFFSETS WEAK OUTPUT

** Emkay ("add"; PT: 475 rupees) says COAL's weak May production reflected comfortable inventory levels, expects output to accelerate through FY27 on the back of strong power demand

** Dolat Capital ("accumulate"; PT: 500 rupees) says COAL's May performance was subdued despite stronger coal-fired power demand, though higher global coal prices could support e-auction premiums and realizations

** Axis Capital ("add"; PT: 500 rupees) says declining Indonesian coal exports and higher global coal prices could support COAL's e-auction realizations and volume growth in FY27

** ICICI Direct Research says softer e-auction allocations and premiums could weigh on near-term growth, though it remains positive on Coal India over the longer term

** YTD stock up 18.13%

(Reporting by Devika Nair in Bengaluru)

(([email protected];))

June 1 (Reuters) - Coal India Ltd COAL.NS:

• COAL INDIA - COAL OFFTAKE IN MAY UP 2.2% Y/Y

• COAL INDIA- COAL PRODUCTION IN MAY DOWN 11.6% Y/Y

Source text: ID:nBSE1x39B3

Further company coverage: COAL.NS

(([email protected];))

By Sethuraman N R

NEW DELHI May 26 (Reuters) - State-run Coal India COAL.NS has asked its subsidiaries to ramp up coal supplies to power plants to avoid shortages as the country's power demand hits a record high following an intense heatwave, two sources with direct knowledge of the matter said.

Several regions in the country are facing power cuts, mainly at night when renewable output is not available, as record-breaking heat triggered by an El Nino weather pattern strains the grid.

As many as 21 power plants have critically low coal stocks, only enough to meet less than a week's demand, according to latest data from the Central Electricity Authority, the adviser to the power ministry.

The world's largest coal miner has directed its subsidiaries to maximise dispatches using all transport modes including rail links that move coal directly from mines to power plants, the sources said.

Coal India said on Tuesday it had urged utilities to build up stocks in advance of peak demand, particularly those located in logistically challenging areas.

India's peak power, a measure of the maximum electricity requirement, hit a record high of 270.8 gigawatts (GW) last week.

Despite 228 GW of non-fossil fuel capacity, coal still accounts for more than 70% of India's power generation.

Coal India and its eight subsidiaries, which account for about 80% of the country's coal output, saw production decline 9.7% to 56.1 million metric tons in April, company data showed.

The miner said it held 168 million tons of coal, including 47.6 million tons at power plants, enough to meet 19 days' consumption.

Stocks at mines stood at 113.5 million tons as of May 23, up about 10% from a year earlier, it said.

(Reporting by Sethuraman NR; Editing by Nidhi Verma and Emelia Sithole-Matarise)

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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)

(([email protected]; @MukherjeeHritam;))

Adds details, background

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)

(([email protected]; @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)

(([email protected]; @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

(([email protected];))

** 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)

(([email protected];))

** Coal India COAL.NS, world's largest coal miner, likely to deliver a soft Q4 due to lower revenue realizations and cost pressure, analysts say

** Stock up 0.90% at 460.10 rupees ahead of earnings release later today

** Analysts on average expect revenue to drop 0.6% year-over-year to 376.24 billion rupees, reported net profit to slip 0.9% to 89.7 billion rupees - LSEG data

** "With inventory levels at power plants remaining elevated, we expect e-auction prices to stay subdued (compared to last year), which is likely to exert pressure on EBITDA," analysts at Equirus say

** Brokerages remain cautious on the coal sector, citing limited pricing power and structural margin pressure, even as power demand supports volumes

** COAL up 8.75% since its Feb 12 Q3 results vs ~7.4% drop in the Nifty 50

(Reporting by Bipasha Dey in Bengaluru)

(([email protected];))

Updates

** Shares of Coal India COAL.NS down 4% at 436.05 rupees

** Co says it is absorbing sharp rise in input costs instead of passing them on to consumers

** Says cost of ammonium nitrate, key explosive input for opencast mining, has risen about 44% since Iran war to 72,750 rupees per metric ton, as of April 1

** Adds, it is compensating contractors for higher diesel costs and maintaining affordable coal supply to avoid impact on downstream users

** Some Coal India units have cut e-auction coal prices while co increased frequency and quantum of auctions

** COAL, on avg, rated "hold" by 22 analysts; median PT 436 rupees - data compiled by LSEG

** YTD, stock up about 10%

(Reporting by Devika Nair in Bengaluru)

(([email protected];))

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)

(([email protected];))

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)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]/))

Adds details throughout

By Vivek Kumar M

March 30 (Reuters) - Central Mine Planning & Design Institute CENM.NS, a unit of state-run Coal India COAL.NS, made a tepid trading debut on Monday, pressured by broader market weakness tied to the month-long Middle East conflict and concerns over the company's reliance on its parent.

Shares of Central Mine Planning, which provides consultancy and support services for coal and mineral exploration, listed at 160 rupees on the National Stock Exchange of India, below their issue price of 172 rupees.

The shares were at 165.5 rupees at 10:21 a.m. IST, valuing the firm at 117.67 billion rupees ($1.25 billion). India's benchmark Nifty 50 .NSEI was down 1.2%. .BO

Central Mine Planning's $199-million IPO comes at a time when investors are pulling money out of risk assets globally as the U.S.-Israel war on Iran drives crude oil prices higher, raising growth and inflation worries.

"We had a neutral view on the IPO given the company's high dependence on Coal India for revenue. The weak listing can also be attributed to volatile markets, where the focus right now is just the Middle East war," said Anita Gandhi, head of institutional business at Arihant Capital Markets.

Central Mine Planning gets about 90% of its revenue from Coal India, the world's largest coal miner.

The Middle East war has weighed on an already weak IPO market in India, with shares of only four of the 14 companies listing at a premium to their issue price this year.

Last week, bidding for Central Mine Planning IPO was driven by institutional buyers while retail investors, non-institutional investors, and Coal India's shareholders bid for less than half of the shares kept aside for them.

This is in contrast to the successful listing of Bharat Coking Coal BARC.NS, another subsidiary of Coal India, earlier this year.

Central Mine Planning reported a profit of 4.25 billion rupees for a nine-month period ended December 2025, up roughly 9% from a year-ago period.

($1 = 93.9450 Indian rupees)

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

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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

(([email protected];;))

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)

(([email protected];))

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

• COAL INDIA - APPROVED FOR SECL DISINVESTMENT VIA OFS UP TO 25% EQUITY, FRESH ISSUE UP TO 10%

Source text: ID:nBSE9ClxLJ

Further company coverage: COAL.NS

(([email protected];))

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)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]/))

**Shares of Coal India COAL.NS up 6.7% to 484.8 rupees for the week

**Stock top weekly gainer on Nifty 50 .NSEI index, which is down 3.3% this week

**Co, which accounts for about three-quarters of India's coal output, rallies on expected demand surge amid supply disruptions due to escalating Middle East war

** HSBC ("Hold", raises PT to 420 rupees) says higher e-auction premiums positive in near term

**Brokerage raises FY27 EPS estimates by about 11%; keeps FY28 earnings estimates unchanged

**Believes co can have either strong e-auction pricing or volume growth, but is unlikely to have both

**YTD, stock up 16.6% vs 3.1% climb in Nifty Energy .NIFTYENR; Nifty 50 down 10.6% YTD

(Reporting by Mridula Kumar in Bengaluru)

(([email protected];))

BENGALURU, March 12 (Reuters) - ** India's Nifty 50 .NSEI and Sensex .BSESN down 0.5% each, set for a second session of losses, if current trend holds

** Rising crude oil prices due to the Middle East conflict and renewed trade worries dampen risk sentiment

** Eleven of the 16 major sectors trade lower; broader mid-caps .NIFMDCP100 and small-caps .NIFSMCP100 drop 0.3% and 0.6%, respectively

** Brent crude oil prices jump 7% to hover around $98 a barrel on reports of more ships struck in Gulf waters and terminal shutdown [O/R

** Meanwhile, the U.S. opens new investigation into unfair trade on 16 countries, including India, in a bid to rebuild tariff pressure

** Asia stocks outside Japan .MIAPJ0000PUS down 1.4% GLOB/MKTS

** Auto stocks .NIFTYAUTO down 2.5%, lead sectoral losers, on concerns over higher crude oil prices and global supply disruption

** Coal India COAL.NS jumps 4.2%, top Nifty gainer, on expectations of surge in coal demand amid the Middle East war and early summer

(Reporting by Vivek Kumar M)

(([email protected]))

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)

(([email protected];))

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)

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** 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)

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

• COAL INDIA - ALLAYS DOMESTIC COAL DEFICIENCY SITUATION

• COAL INDIA - SIGNALS COAL DEMAND COULD GO UP IN ENSUING MONTHS

• COAL INDIA - PRODUCING UNITS ARE HOLDING SIZEABLE PITHEAD COAL STOCK TO TUNE OF 115 MTS AS OF 26 FEB

• COAL INDIA - HIGHER QUANTITIES OF DOMESTIC COAL AVAILABILITY COULD CATALYSE COAL IMPORT REDUCTION

• COAL INDIA - INTERNATIONAL COAL PRICES HAVE SHOWN AN UPWARD TREND AS OF FEBRUARY 2026

• COAL INDIA - HIGHER DOMESTIC COAL AVAILABILITY MAY REDUCE IMPORTS

• COAL INDIA - COAL STOCKS AT DOMESTIC COAL-BASED POWER PLANTS AT NEARLY 55 MILLION TONNES AS OF FEB 25

Source text: ID:nBSE6GzNzn

Further company coverage: COAL.NS

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