Coal India shares rally despite market slump: Here’s why
Defying market sentiment, Coal India stock rose over 4% after the company reported a 5.5% increase in total coal supplies in August FY26–27
Coal India shares surged more than 4% on Wednesday, defying a weak market mood. The company announced a 5.5% rise in total coal supplies for August FY 2026-27. At 9:44 am, the stock was trading at ₹417.80 on the NSE, up from its previous close of ₹401.60. Coal production reached 60.60 million tonnes (MT) in August FY 2026-27, an increase from 57.40 MT in the same period last year.
Supplies to the power sector grew by 4.5% to 48.46 MT, while supplies to the non-regulated sector saw a 9.6% rise to 12.12 MT. Coal India's total coal supplies for the first five months of FY 2026-27 totaled 322.90 MT, up 6.70% from 302.60 MT in the same period last year. This growth in supplies has enabled the company to reduce its pithead coal stocks by around 55 MT and maintain sufficient inventory for power generation. As monsoon rains subside, Coal India is gearing up for increased production and supplies.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
