Coal India Shares Marginally Down at Midday; Dissolves Solar PV Subsidiary 

Mumbai, May 12: Coal India shares traded lower on Tuesday, currently priced at ₹463.30 (down ₹1.15 or 0.25% from previous close at ₹464.45) during intraday trade as selling pressure prevailed amid a generally weak market after the company announced dissolution of its wholly owned subsidiary Coal India Solar PV Limited.

Price opened at ₹465.00, matching its previous closing price. Coal India shares traded mostly above its previous closing price during midmorning session, touching an intraday high of ₹469.00 around 10: 30 am as Oil & Gas and commodity stocks were up on rising crude prices overseas. Price turned south in post-noon session, tumbling below its previous closing price and dropping to an intraday low of ₹461.65 around 12: 30 pm before recovering slightly, erasing intraday gains made during midmorning session.

Price traded higher during the week of May 7 to Friday’s close, opening around ₹472 on May 5 and falling to a low of around ₹456.50 on May 8. Price recovered to close around ₹464 on Friday. Price has been under mild distribution since the start of the week, failing to recover to the ₹470-plus levels it traded at early last week despite several attempts by buyers to push prices higher on dips.

Coal India Limited on Tuesday informed exchanges BSE & NSE that its wholly owned subsidiary CIL Solar PV Limited has been struck off from the Register of Companies and dissolved with effect from May 11, 2026. The Ministry of Corporate Affairs (MCA) has invoked sub-section (5) of Section 248 of the Companies Act, 2013 to dissolve the said subsidiary.

The said letter was received by the Company on Tuesday. This information has been given by B.P. Dubey, Executive Director (Finance) & Compliance Officer under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Coal India Results for Quarter Ending March 31

Profit after Tax: Coal India reported a net profit of Rs 10,839 crore for Q4 FY26, a rise of 11.1% year-on-year that beat analyst estimates comfortably.

Revenue: The company’s revenue rose 5.8% year-on-year to Rs 46,490 crore in the March quarter on account of higher offtake volumes.

EBITDA: Earnings before interest, tax, depreciation and amortisation also rose 6.2% YoY to Rs 12,673 crore in Q4 FY26.

EBITDA Margin: EBITDA margin improved by 20 bps to 27.3%, suggesting that the company is still able to improve operational efficiencies despite a continued pressure on realisation.

Production: Coal production rose only 0.6% year-on-year to 239 million tonne in Q4 but fell 1.7% year-on-year to 768.2 MT for the full-year.

Source:

• https://www.nseindia.com/get-quote/equity/COALINDIA/Coal-India-Limited