The development comes amid recent stock activity, with shares gaining earlier this week as the three-month shareholder lock-in period ended. The expiry makes shares eligible for trading but does not necessarily imply immediate selling.
Operationally, the company reported a 2% year-on-year increase in raw coal production for March 2026 at 4.42 million tonnes. Coking coal output rose 3.6%, while non-coking coal production declined sharply.Also Read: Bharat coking coal raw coal production rises in March, offtake falls 24%; Shares gain 7%
However, coal offtake fell 24.4% during the month, reflecting weaker dispatches despite higher production. Output from opencast mines increased, while underground production saw a steep decline.
For FY26, raw coal production declined 12.3% to 35.52 million tonnes, with total offtake also lower. The company noted that the data remains provisional.
Shares of the company were trading at ₹35.70 on the NSE in afternoon trade.

