Coal India Shares Decline 2% Following Report of Potential Rs 10,000-Crore Offer for Sale by Government

Coal India Shares Plummet Amid Reports of Government's Planned Offer for Sale

Shares of Coal India Ltd experienced a sharp decline in Thursday's trade, following a news report suggesting the government's intention to launch an offer for sale (OFS) in the state-run miner to divest a 3-4 percent stake worth around Rs 10,000 crore. The company's stock was trading at Rs 462.45 in late afternoon trade, down 1.65 percent for the day after falling as much as 2 percent.

The proposed OFS, as reported by CNBC-TV18 citing unidentified sources, is expected to involve shares being offered at an attractive discount to the current market price. The Centre currently holds a 63.1 percent stake in Coal India as of March 31, 2026. The report suggests that the OFS could help the government raise around Rs 10,000 crore.

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Among institutional investors, domestic mutual funds held a 9.5 percent stake in Coal India as of the latest shareholding pattern, while state-run insurer Life Insurance Corporation of India (LIC) owned 11.05 percent in the company. Foreign portfolio investors (FPIs) held 8.38 percent, while around 25.3 lakh retail shareholders with authorised share capital of up to Rs 2 lakh together owned a 3.82 percent stake.

In a separate development, Coal India had recently reported its fiscal fourth quarter earnings after market hours. The state-run miner's board had met on April 27, 2026, to approve audited standalone and consolidated results for the fourth quarter and the full financial year ended March 31, 2026. The company's board had also recommended a final dividend of Rs 5.25 per share of face value Rs 10 each.

Coal India reported an 11.15 percent year-on-year rise in consolidated profit after tax to Rs 10,839 crore for the March quarter, compared with Rs 9,751 crore in the same period last year, despite expectations of pressure on earnings. On a sequential basis, net profit rose over 51 percent from Rs 7,157 crore reported in the December quarter.

The company's consolidated revenue from operations increased 5 percent year-on-year to Rs 46,490 crore in Q4FY26 from Rs 43,961 crore a year ago, supported by better average realisations even though sales volumes saw a marginal decline.

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