Coal India Limited has informed the Exchange regarding a press release dated March 27, 2026, titled "CIL s Rs.3300 Cr push for 8 new Coking Coal Washeries".
COALINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Coal India has announced a Rs.3,300 crore capital investment to set up 8 new coking coal washeries with a combined capacity of 21.5 million tonnes per year, expected to be operational by FY 2030. Five of these will come up in Central Coalfields Limited (14.5 MT/Y capacity) and three in Bharat Coking Coal Limited (7 MT/Y capacity). Additionally, Rs.300 crore will be spent on renovating and modernising CIL's existing 10 coking coal washeries (18.35 MT/Y capacity). The move is aimed at improving domestic coking coal quality and reducing India's dependence on imported coking coal, which is critical for steel-making but scarce domestically with high ash content of 25-45%.
This is a strategic, forward-looking capex push that signals CIL's focus on import substitution and value addition, but since the washeries are only expected by FY 2030, the financial impact will be spread over several years with limited near-term effect on earnings or stock price.