Coal India Issues Key Update On Dividend, Inks MoU With DVC

Coal India share price today settled with gains of 0.45% on Bombay Stock Exchange to Rs 400.55 per share as Sensex ended with the surge of 855.30 points to 79,408.50. CIL share price witnessed gain of 6.11% in last 1-week as Sensex zoomed 8.57%, BSE Energy Index rose 10.46%, and BSE Metal index rallied 9.63%. The large cap Maharatna public sector undertaking today informed that its Board of Directors will hold meeting on May 7, 2025 to consider Q4 results and may also consider and recommend payment of final dividend. The company also issued key update on MoU with Damodar Valley Corporation (DVC) to set up a coal fired 2×800 MW Ultra Supercritical Power Plants in Jharkhand. DVC operates in Jharkhand and West Bengal.

It is worth mentioning that the stake of Life Insurance Corporation Of India in CIL stood at 9.79% for March 2025 quarter with 603,558,396 shares of the company (jumped from 9.74% in December 2024 quarter). Meanwhile, Coal India offers a high return on equity of 93.26% and its market cap stood at Rs 2,46,848.08 crore. Check key details below:

Coal India To Consider Financial Results, Final Dividend

According to the BSE filing of Coal India dated April 21, 2025, “Meeting of Board of Directors of the company will be held on Wednesday, the 7th May’ 2025 inter-alia, to consider, approve and take on record Audited Financial Results of the Company (Standalone & Consolidated) for the 4th quarter and year ended 31st March’2025 after the results are reviewed by the Audit Committee of the Board.

Board of Directors of the company may also, inter alia, consider and recommend payment of Final Dividend for FY 2024-25, if any subject to approval of shareholders in the ensuing AGM, added the exchange filing.

Coal India Inks MoU With DVC

According to the press release issued as on April 21, 2025, “This would be a Brownfield project – an expansion of existing Chandrapura Thermal Power Station (CTPS) of 2 X 250 MW capacity. A non-binding Memorandum of Understanding (MoU) was signed between the two government owned energy entities on 21 April 2025 in Kolkata. The total investment would be to the tune of Rs. 16,500 Crores. The joint venture company would be on 50% equity sharing basis. Coal for the proposed power plants would be sourced from coalfields in the proximity from CIL’s subsidiary companies Bharat Coking Coal Limited and Central Coalfields Limited.”

CIL Dividend History

It recommended 29 dividends since 2011. In last 1-year, the PSU announced an equity dividend amounting to Rs 26.35 per share. At the current share price of Rs 400.55, the PSU offers a dividend yield of 6.58%, according to Trendlyne.

Coal India Shares Performance

The 52-week high price of Coal India share on BSE stood at Rs 544.70 apiece (as on 26/08/2024) and 52-week low price is Rs 349.20 per share (as on 17/02/2025), respectively. Coal India shares plunged 17.47% in last 6-months, slipped 7.97% in last 1-year, and offered returns of 74.11% in last 2-years. In last 3-years, CIL share price surged 93.64% and offered returns of 188.68% in last 5-years.

Disclaimer: The story highlights MoU with DVC, upcoming results, dividend, and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.