Announced Tue, 29 Sept, 2026 · 14:28 IST
Coal India signs MoU with HURL for coal gasification urea project at Sindri
COALINDIA · price
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Price reaction · full curve 14 horizons · vs prior close
+0.6%1-day move
₹422.50
prior close
₹424.60
base price
In-mkt
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AI summary
Coal India has signed a non-binding MoU with Hindustan Urvarak & Rasayan Limited (HURL) on 29 September 2026. The two firms will explore setting up a coal gasification based urea production facility at Sindri in Jharkhand. The first step will be a technical, commercial and implementation assessment, leading to a Preliminary Feasibility Report to check if the project is viable. The MoU is non-binding, so no final commitment yet.
Likely market impact
Forward-looking and exploratory; could open a new coal-to-chemical revenue stream if the Sindri urea project moves ahead, but no binding commitment yet.