Central Mine Planning & Design Institute Limited has informed the Exchange regarding 'Other Outcome of Board Meeting held on 21-04-2026'.
CMPDI · price
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CMPDI, a Coal India subsidiary, disclosed three outcomes from its April 21, 2026 board meeting. The company achieved 11.505 lakh metres of drilling in FY 2025-26, surpassing its 11 lakh metre target by 5% with 14% year-on-year growth. It also completed 455.228 line km of 2D/3D seismic survey against a 450 line km target. The board approved a new 5-year MoU with MECL (Mining and Engineering Corporation Limited) for Energy & Non-Energy Mineral Exploration from April 2026 to March 2031. Additionally, the board cleared a capital expenditure of ₹5.43 crore for G4 stage exploration at the Nawatala-Devigarh REE (Rare Earth Elements) block in Rajasthan, part of a ₹24.88 crore total 5-year exploration budget. CMPDI won this block at a 36.45% revenue share and is entitled to 50% reimbursement of eligible exploration expenditure from NMEDT (National Mineral Exploration Trust).
The strong drilling performance demonstrates CMPDI's operational efficiency and supports CIL's exploration goals. Entry into REE exploration through the Nawatala block diversifies CMPDI's revenue streams and signals strategic expansion beyond coal into critical minerals, which could be positive for investor sentiment around CIL's subsidiaries.