Coal India (CIL) reported a decrease in revenue from operations by 4% to ₹66,029 Crore for H1 2026. Net sales also saw a 3% drop. However, the company continues to advance its renewable energy initiatives, including the incorporation of CIL Rajasthan Akshay Urja Limited and investments in solar power projects in Uttar Pradesh.
H1 2026 Financial Performance
Coal India Limited (CIL) has announced its unaudited financial results for the first half of the financial year 2025-26. The results indicate a mixed performance with some financial metrics showing a decline while the company progresses with its diversification efforts. Key highlights include:
- Revenue from Operations: Decreased by 4% to ₹66,029 Crore.
- Net Sales: Down by 3% to ₹58,790 Crore.
- Profit Before Tax: Experienced a significant decrease of 20%.
- Profit After Tax: Declined by 25%.
Despite the drop in revenue and profit, CIL’s Net Worth increased by 6%.
Production and Offtake
In the first half of FY26, Coal India experienced the following changes in production and offtake:
- Coal Production: Saw a 4% decrease.
- Coal Offtake: Experienced a 3% decrease.
- Overburden Removal: Reduced by 3%.
Renewable Energy Initiatives
Coal India continues to make strides in the renewable energy sector. Key developments in H1 2026 include:
- Incorporation of CIL Rajasthan Akshay Urja Limited: This new subsidiary aims to further CIL’s renewable energy goals. CIL holds a 74% stake, with RVUNL holding the remaining 26%.
- Solar Power Projects: MoU with UPRVUNL to establish a 500 MW solar power project in Uttar Pradesh.
Other Key Events
Several other notable events occurred during the first half of the year:
- Maiden Dividend from JV Company (HURL): CIL received ₹404.37 Cr as its first interim dividend from HURL.
- Revenue Sharing MDO: BCCL’s PB Project MDO mine was inaugurated on July 8, 2025, operating under a revenue-sharing model.
Source: BSE