Coal India’s provisional update shows 321 million tonnes of coal mined in the first half of FY27, a 2.5% year‑on‑year drop from 329.1 MT but still 39% of the 815‑MT target. The stock closed more than 1% lower at ₹420.30 after the release, though it has climbed 5% this year and 8% last year.
September output climbed 9.2% to 53.5 MT from 49 MT a year earlier, while offtake surged 12.5% to 61.2 MT. Across the half‑year, offtake rose 7.6% to 384.2 MT, up from 357 MT in the corresponding period last year.
Western Coalfields led the month‑over‑month surge, posting an 85.5% production jump, followed by Central (27.5%) and Mahanadi (22.3%). Northern Coalfields saw a 26.1% decline. In offtake, MCL recorded 19.2 MT (+15.1%), WCL had the sharpest rise at 92.7%, while NCL fell 21.3%.
To hit the full‑year target, Coal India must extract roughly 494 MT in FY27 H2, a 52% increase from the 321 MT already delivered. The company’s May update also outlined plans to trim inventory from 130 MT to 95 MT, which could lift future cash flows. Market watchers will watch next quarter’s production and inventory figures to gauge the miner’s ability to rebound from monsoon‑driven dips.