State-owned Coal India Ltd (CIL) on Wednesday (October 8) said the company and state-owned engineering and construction firm IRCON International Ltd have signed a non-binding Memorandum of Understanding (MoU) in Kolkata to jointly develop rail infrastructure for CIL and its subsidiaries.
"...kindly note that Coal India Ltd (CIL) and IRCON International Limited have executed a non-binding Memorandum of Understanding (MoU) on 08.10.2025 at Kolkata with an intent of development of Rail Infrastructure of CIL and its subsidiaries," according to a stock exchange filing.
First Quarter Results
Coal India reported a 20.1% year-on-year decline in consolidated net profit for the June quarter at ₹8,734 crore, compared to ₹10,934 crore a year ago. However, the numbers beat CNBC-TV18 estimates, which had pegged profit at ₹8,005 crore.
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Revenue from operations for the first quarter stood at ₹35,842 crore, down 4.4% from ₹37,503 crore last year, but ahead of the poll estimate of ₹34,990 crore.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) for Q1 came in at ₹12,521 crore, 12.7% lower than ₹14,338 crore in the year-ago period, but comfortably above the forecast of ₹10,850 crore. The operating margin narrowed to 34.9% from 38.2% last year but exceeded street expectations of 31%.
Shares of Coal India Ltd ended at ₹382.05, down by ₹2.65, or 0.69%, on the BSE.
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