Coal India shares jump 4% after firm records highest-ever monthly coal supplies in October

ETMarkets.com

Coal India shares surged to nearly Rs 407 crore on Monday morning, the highest level seen by the stock in nearly two weeks. The surge in share price today pushed the company’s market capitalisation to nearly Rs 2.5 lakh crore.

The company said its coal production also reached its highest-ever levels for the month of October in any financial year. "The achievement assumes greater significance in view of the need to augment coal stocks at thermal power plants amid rising power demand, while disruptions caused by unseasonal rainfall, the Puja festivities and impact of a cyclone posed challenges to the operational performance," the Kolkata-headquartered PSU said in an exchange filing.

Coal India’s monthly coal supplies crossed the 70 million tonnes (MT) mark for the first time, reaching 70.3 MT and surpassing the previous monthly record of 69.4 MT achieved in March 2026. This marks 19% growth over 59.2 MT supplied in October last year.

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Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India, also crossed the 20 MT monthly supply mark for the first time in October. Coal India’s supplies to the power sector meanwhile crossed 57 MT for the first time ever, hitting 57.1 MT in October this year and surpassing the previous monthly high of 56.5 MT recorded in May 2024.

The company also recorded an average power-sector rake loading of 310 rakes per day during October, the highest-ever monthly average in its history. The 300-rake-per-day mark was last surpassed in March 2025, when the average loading stood at 302.8 rakes per day.

“What is more remarkable about these achievements is 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, are being surpassed in the month of October,” said an unnamed senior official at Coal India. “With both coal production and offtake gaining momentum, we are on the cusp of seeing stock accretion, both at power plant ends and at pit head,” the official added.

Coal India share price

Coal India shares have fallen more than 3% in a month but gained 1.5% in 2026 so far. The stock is overall up 5% in one year, even as the broader Nifty 50 index plunged 9%.

In the longer term, Coal India shares have gained 32% in three years and delivered multibagger returns of more than 140% in five years. The company has a market capitalisation of over Rs 2.5 lakh crore.

Also read | India's October coal-fired power output jumps most in 3 years as hydro generation slumps