Coal India reports ₹5,985 crore GST credit utilisation in FY26

Arunika Jain — Mon, 27 Apr 2026 15:06:02 +0000

Coal India Limited has announced significant financial and operational achievements for the financial year 2025-26, highlighted by the utilisation of ₹5,985 crore in accumulated Input Tax Credit (ITC) following the elimination of the inverted tax structure on coal. This change was due to an increase in the Goods and Services Tax (GST) on coal from 5% to 18%, effective from 22nd September 2025.

The company also reported the successful listing of its subsidiaries, Bharat Coking Coal Limited (BCCL) and Central Mine Planning and Design Institute Limited (CMPDIL), on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on 19th January 2026 and 30th March 2026, respectively.

In renewable energy developments, Coal India connected a 100 MW solar power plant in Patan to the grid as of 31st March 2026. Additionally, the company incorporated a new renewable energy subsidiary, CIL Rajasthan Akshay Urja Limited, on 9th June 2025, with Coal India holding a 74% stake and Rajasthan Vidyut Utpadan Nigam Limited (RVUNL) holding 26%.

Coal India also received its maiden dividend from its joint venture company, Hindustan Urvarak & Rasayan Limited (HURL). The dividend comprised an interim payment of ₹404.37 crore and a final dividend of ₹95.87 crore for the fiscal year 2025-26.

In further strategic moves, Coal India entered a 50:50 joint venture with Damodar Valley Corporation (DVC) to develop a brownfield thermal power project at Chandrapura, Jharkhand, with a capacity of 1,600 MW, consisting of two supercritical units of 800 MW each.

The company secured the Kawalapur Rare Earth Element (REE) Block in Maharashtra in January 2026, marking its entry into the critical mineral sector. Furthermore, a memorandum of understanding was signed with Hindustan Copper Limited on 30th June 2025 to collaborate in the copper and critical minerals sectors.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

BCCL | Business Upturn

Coal India reports ₹5,985 crore GST credit utilisation in FY26