Shares of Coal India Ltd surged 1.5% to hit the day’s high of Rs 392 on 18th March after the company announced that it had signed a Memorandum of Understanding (MoU) with the Non-Ferrous Materials Technology Development Centre (NFTDC).
Coal India signed a non-binding MoU with NFTDC on 15th March 2025 in Hyderabad to enhance technology development in the critical minerals sector.
NFTDC, an autonomous R&D body under the Ministry of Mines, will collaborate with Coal India to drive innovation in critical minerals.
The partnership aligns with the government’s push for self-reliance and technological progress in the mining sector.
Coal India’s February production fell 0.8% year-over-year to 74.1 MT, while total output rose 1.5% to 695.3 MT, achieving 83% of its 838 MT target for FY25.
The company must produce 142 MT in March to meet its annual guidance.
February offtake declined 4.8% year-over-year to 62.1 MT, with total offtake reaching 693.4 MT, up 1.3%.
At 12:57 PM, the shares of Coal India were trading 1.41% higher at Rs 391.20 on NSE.
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