Coal India Signs Urea Gasification MoU With HURL; Shares Rise 0.53%

Mumbai, September 29: Coal India Limited has signed a non-binding Memorandum of Understanding with Hindustan Urvarak & Rasayan Limited to explore the development of a coal gasification-based urea production project at Sindri, Jharkhand.

Coal India And HURL To Explore Urea Project

According to the exchange disclosure, Coal India and HURL executed the MoU on September 29, 2026. The agreement is aimed at examining the potential development of a urea production facility based on coal gasification at Sindri.

At this stage, the MoU is non-binding. The two companies will initially assess the technical, commercial and implementation aspects of the proposed project.

The exercise will also support the preparation of a Preliminary Feasibility Report (PFR), which will be used to evaluate whether the proposed project is technically and commercially viable.

Stock Market Snapshot

The Coal India share price stood at ₹424.75 as of 2:55:50 PM IST on September 29, 2026, according to the market data provided.

The stock was up ₹2.25, or 0.53%, at the time. Shares moved higher during the trading session after opening below ₹422 before gaining ground through the late morning and afternoon.

MoU Focuses On Coal Gasification

The proposed project will use coal gasification as the basis for producing urea at Sindri in Jharkhand.

Coal gasification converts coal into a synthesis gas that can be further processed for industrial applications. In this case, the companies will first examine the technical and commercial requirements before deciding on the project’s next steps.

The filing does not disclose a project cost, production capacity or implementation timeline at this stage. Those details would depend on the outcome of the feasibility assessment.

Coal India And HURL Begin Feasibility Assessment

The non-binding nature of the MoU means the agreement currently provides a framework for evaluating the project rather than confirming a final investment or construction commitment.

The initial work will focus on preparing the Preliminary Feasibility Report and assessing the project’s technical, commercial and implementation modalities. Any further development would depend on the findings of this assessment and subsequent decisions by the parties.

Conclusion

Coal India and Hindustan Urvarak & Rasayan have entered into a non-binding MoU to examine the development of a coal gasification-based urea production project at Sindri, Jharkhand.

The immediate focus is on technical and commercial assessment and preparation of a Preliminary Feasibility Report. The Coal India share price stood at ₹424.75 as of 2:55:50 PM IST on September 29, 2026, up ₹2.25 or 0.53%.

Source:

• https://www.nseindia.com/get-quote/equity/COALINDIA/Coal-India-Limited
• https://nsearchives.nseindia.com/corporate/COALINDIA_29092026143252_HURL_MOU.pdf