The Government on Tuesday announced offloading up to 2 per cent of its equity holding in Coal India Limited (Coal India Limited). At the floor price, the government is expected to collect over ₹5,000 crore.
OFS details and pricing announced by DIPAM
“Government of India announces OFS in Coal India Limited with a base offer of 1 per cent of its equity and an additional 1 per cent Green Shoe Option in case of oversubscription. Floor price fixed at ₹412 per share,” Arunish Chawla, Secretary in the Department of Investment and Public Asset Management (Department of Investment and Public Asset Management), said in a social media post. OFS means an offer for sale through a stock exchange.
Further, OFS will open to non-retail investors on May 27, while retail investors can make bids on May 29. “With strong operational and financial performance, consistent returns and attractive dividends, CIL continues to offer a compelling long-term investment opportunity,” Chawla said.
Presently, the government holds over 63 per cent of Coal India. The company’s share price closed nearly flat at Rs 458.25 on Tuesday.
Strong Q4 profit amid mixed FY26 performance
Late last month, the company reported an 11.1 per cent rise in consolidated net profit to ₹10,839.18 crore in the March quarter, driven by higher revenue. It logged a net profit of ₹9,751.64 crore in the year-ago period. Revenue from operations rose to ₹46,490.03 crore from ₹43,961.56 crore in the corresponding quarter of the previous fiscal year.
However, annual performance showed pressure, with net profit for the year ended March 31, 2026, dropping to ₹31,094.29 crore from ₹35,505.79 crore in FY25.
Production and operational snapshot
The company produced 768.19 million tonnes (MT) of coal in 2025–26, down from 781.06 MT in 2024–25. Coal offtake in FY26 stood at 744.88 MT, compared with 762.98 MT a year earlier. Opening stock was 107.16 MT as on April 1, 2025, while closing stock rose to 129.96 MT as on March 31, 2026.
Coal India is the world’s largest coal producer. Across eight Indian states, it operates in 85 mining areas, managing 310 working mines, including 129 underground, 168 opencast, and 13 mixed mines.