HDFC Securities Pick of the Week 03 Aug'26: Central Mine Planning & Design Institute Ltd

CMPDI, a key subsidiary of Coal India (CIL), is among India’s largest coal and mineral consultancy firms, offering end‑to‑end services spanning exploration, mine planning, geomatics, environment, lab services, beneficiation and mine closure. With CIL producing ~768 MT of coal in FY26 and embarking on a massive multi‑year capacity expansion (projected 787 MT enhancement across 50 mines), CMPDI is strategically positioned to benefit from rising demand for specialised mining consultancy services.

CMPDI is also pursuing international diversification, with ongoing assignments in Mozambique and strategic targeting of African and Central Asian markets, offering cost‑competitive expertise. As India accelerates coal evacuation infrastructure and aims to substitute imports over the next 4–5 years, CMPDI stands to gain materially from higher exploration intensity, technology adoption, and expanded planning requirements across CIL’s growth pipeline.