Coal India inks MoU with Konkan Railway Corp to develop rail infrastructure

Earlier in the month, the Maharatna PSU, in a major policy shift, had cleared the way for unrequisitioned surplus (URS) power generated by the thermal power plants that use CIL’s linkage coal under long- and medium-term fuel supply agreements (FSAs) to be sold in the power markets and exchanges with effect from 1 August 2025.

In the crucial Q1 results, the company reported a 20.1% year-on-year decline in consolidated net profit for the June quarter at ₹8,734 crore. This was lower than the ₹10,934 crore a year ago. However, the numbers surpassed the CNBC-TV18 estimates, which had pegged profit at ₹8,005 crore.
Its revenue from operations stood at ₹35,842 crore, down 4.4% from ₹37,503 crore last year, but ahead of the poll estimate of ₹34,990 crore.In addition, the earnings before interest, taxes, depreciation and amortisation (EBITDA) for the first quarter of FY26 came in at ₹12,521 crore, falling 12.7%. Lower than the ₹14,338 crore in the year-ago period.

Coal India shares were trading flat at ₹388.1 apiece around 1.30 pm on Tuesday.

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