Archive · 23 Jun 2025
Coal India Stock Climbs with Subsidiary's New Mine Plans
Coal India's stock went up because one of its parts, CCL, is planning to open two new coal mines.
These new mines will help CCL make more coal, about 10-12 million tonnes more each year.
CCL hopes to make over 110 million tonnes of coal this year.
One mine, Kotre Basantpur, will start making coal by October.
Another mine, Chandragupt, will begin by March 2026.
CCL is expanding to meet the country's need for coal, which is important for running businesses and the economy.
Coal India's subsidiary, CCL, plans to open two new coal mines.
The new mines aim to boost production capacity by 10-12 million tonnes per annum.
CCL aims to exceed 110 million tonnes of production this fiscal year.
Kotre Basantpur block is expected to start production by October.
Chandragupt open cast project aims to begin operations by March 2026.
- Who
- Central Coalfields Ltd (CCL), a subsidiary of Coal India.
- What
- CCL, a subsidiary of Coal India, plans to open two new coal mines to increase coal production.
- When
- Kotre Basantpur block expected to start production by October, and Chandragupt by March 2026.
- Where
- India, specifically in the locations of the new coal mines.
- Why
- To boost production and meet the country's rising energy demands and support industrial and economic activities.
Impact on Coal India's Performance
Other Market Influences
Stock Performance
Impact on Coal India's Performance
The opening of new mines is a positive development expected to boost Coal India's production and profitability.
Other Market Influences
The share has fallen 18 per cent in one year and has risen 72 per cent in two years.
- Company
- Coal India & CCL
- Stock Price Increase
- 1%
- CCL Production Goal (FY25)
- Exceed 110 million tonnes
- Kotre Basantpur Capacity
- 5 million tonnes
- Chandragupt Capacity
- 15 million tonnes per annum
- Previous Fiscal CCL Production
- 87.5 million tonnes