Announced Wed, 12 Aug · 14:53 IST
Coal India signs non-binding MoU with ArcelorMittal Nippon Steel for syn-gas project
COALINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.2%1-day move
₹411.50
prior close
₹409.40
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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Up moveDown movePending
AI summary
Coal India (CIL) signed a non-binding MoU with ArcelorMittal Nippon Steel India (AMNS) on 12 Aug 2026 to explore using syn-gas from a proposed coal gasification facility by CIL, located next to AMNS' Paradip Pellet Plant, combined with carbon capture. Initial focus is on technical, commercial and implementation assessment and preparation of a Preliminary Feasibility Report. The MoU is exploratory only, with no financial commitment yet.
Likely market impact
Very early-stage, non-binding exploration. No immediate financial impact; potential long-term play in cleaner coal tech and steel sector tie-up.