Coal India signs non-binding MoU with ArcelorMittal Nippon Steel for syn-gas project

Marquee Jv AnnouncedStrategic Transactions View source PDF Explain this filing

COALINDIA · price

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Price reactionminutes from the announcement price · days from the prior close

-0.7%Reaction day

₹411.50

prior close

₹409.40

announcement price

In-mkt

timing

Nifty 100market-0.1%-0.6% vs market

Oil Gas & Consumable Fuels peers, median of 39sector · sector level-0.4%-0.2% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty 100 and 0.2 pts less than its Oil Gas & Consumable Fuels peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.1

10m

-0.1

15m

-0.2

30m

-0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.7-0.1-0.6-0.4-0.2

Next day

-0.2-0.2-0.0-0.6+0.4

-1.1-0.4-0.7-1.1+0.1

-0.7-0.7-0.1-1.4+0.6

-1.1-1.1+0.0-1.0-0.1

-2.8-1.5-1.3-1.2-1.6

-1.5-0.9-0.6-1.7+0.1

15d

+1.2-2.3+3.4-0.6+1.8

+1.9-5.6+7.5-1.9+3.7

-1.6-8.6+7.0-6.2+4.6

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UpDownMarket · Nifty 100Sector · Oil Gas & Consumable Fuels peers, median of 39Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.