Coal India chartered roadmap targeting 70 MT of production from underground mines by FY 2029-30: CMD

Kolkata: The 52nd Annual General meeting of Coal India Limited was held on Monday, the 31st Aug’ 2026. The Chairman cum Managing Director has mentioned some deliverables in his speech.

As per the statement issued, Coal India is not only strengthening the scale and efficiency of its core business, but is also building new platforms for growth and value creation.
 

In terms of underground mining, the Company continued its shift toward mass production technology, with continuous miner deployment and highwall mining being expanded, alongside a roadmap targeting 70 million tonnes of production from underground mines by FY 2029-30.
 

Two major milestones were applauded in the speech, first, Bharat Coking Coal Limited was listed on 19th January 2026 following an offer for sale of a 10% stake, receiving subscription of nearly 147 times. Central Mine Planning and Design Institute Limited was subsequently listed on 30th March 2026 following a 15% stake sale. The second milestone is the laying of the foundation stone on 20th June 2026 for India’s first commercial coal gasification project, being developed by Bharat Coal Gasification and Chemicals Limited, our joint venture with BHEL. With an investment of around Rs 25,000 crore and an annual capacity of 6.6 lakh tonnes of ammonium nitrate, this project represents an important step in converting India’s abundant coal resources into higher-value products and creating new industrial capabilities.

In terms of operational performance, coal production for the year stood at 768.19 million tonnes against 781.06 million tonnes, while offtake stood at 744.83 million tonnes against 762.98 million tonnes, and overburden removal came in at 1,980 million cubic metres compared to 2,019 million cubic metres.

Dividend for Shareholders:

During the year, the Board declared three interim dividends aggregating Rs 21.25 per equity share and has now recommended a final dividend of Rs 5.25 per equity share, subject to Board approval. Taken together, this represents a total dividend of Rs 26.50 per equity share, or 265% of face value, maintaining the total dividend payout of the previous year despite the moderation in profits. CIL also contributed around Rs 10,272 crore to the Government of India by way of dividend in this financial year.