CIL shares rise 4% as coal supply hits record high in October
Coal India Ltd's coal production in October FY27 reached 67.2 MT, setting a new record for October and surpassing the previous October high of 62.47 MT recorded in October 2024. The state-owned coal mining and refining enterprise registered a robust 19% year-on-year growth over the 59.2 MT supplied in October FY26. Its coal production was around 19% YoY higher than the 56.38 MT achieved in October FY 2025–26, reflecting a sharp acceleration in mining activity following the monsoon season. The company said it recorded a landmark operational performance in October of the 2026-27 financial year, registering its highest-ever monthly total coal supplies and supplies to the power sector for the first time in its history.
CIL's monthly coal supplies crossed 70 million tonnes (MT) for the first time, reaching 70.3 MT and surpassing the previous monthly record of 69.4 MT set in March 2026. Its supplies to the power sector crossed the 57 MT mark for the first time in the company's history, reaching 57.1 MT in October FY27, marking a 19% YoY surge from 48 MT supplied in October FY26. The 300-rake-per-day mark was last surpassed in March 2025, when the average loading stood at 302.8 rakes per day. A senior official noted that the previous supply and railway rake records corresponding to the month of March, which happens to be the peak performance month of any fiscal year, are being surpassed in the month of October.
CIL's subsidiary MCL also crossed the 20 MT monthly supply mark for the first time in October. The company had first reached the 60 MT monthly supply mark in March 2021, and since then, supplies have hovered between 60-69 MT. With both coal production and offtake gaining momentum, the company is on the cusp of seeing stock accretion, both at power plant ends and at pit head. A senior official added that with both coal production and offtake gaining momentum, stock accretion is expected at power plant ends and at pit head. The stock was on investors' radar as the company said it recorded a landmark operational performance in October of the 2026-27 financial year.
At around 10:51 AM, the stock was trading 3.77% higher at ₹403.65 per equity share on the National Stock Exchange (NSE). Shares of Coal India Ltd advanced as much as 4.1% to hit an intraday high of ₹404.90 apiece on the NSE on Monday, November 2, compared with Friday's closing price of ₹389 per unit. The scrip has fallen 4% over the month but gained 1% on a year-to-date (YTD) basis. While the shares hit a 52-week high of ₹491.25 per unit on April 30, 2026, they touched a year's low of ₹369.60 apiece on November 25, 2025. Coal India has a total market capitalisation of ₹2.5 lakh crore as of November 2, 2026, according to data on the NSE.
The company's coal production in October FY27 reached 67.2 MT, setting a new record for October and surpassing the previous October high of 62.47 MT recorded in October 2024. Its coal production in October FY27 reached 67.2 MT, setting a new record for October and surpassing the previous October high of 62.47 MT recorded in October 2024. Production was around 19% YoY higher than the 56.38 MT achieved in October FY 2025–26, reflecting a sharp acceleration in mining activity following the monsoon season. The state-owned coal mining and refining enterprise said its monthly coal supplies crossed 70 million tonnes (MT) for the first time, reaching 70.3 MT and surpassing the previous monthly record of 69.4 MT set in March 2026. Its coal supplies to the power sector crossed the 57 MT mark for the first time in the company's history, reaching 57.1 MT in October FY27, marking a 19% YoY surge from 48 MT supplied in October FY26.