Coal India Signs MoU with HURL for Coal Gasification Project
COAL & MINING

Coal India Signs MoU with HURL for Coal Gasification Project

Coal India has signed a non-binding memorandum of understanding (MoU) with Hindustan Urvarak & Rasayan (HURL) to explore the development of a coal gasification-based urea production project at Sindri in Jharkhand. The announcement was made during market hours on 29 September 2026.

Under the MoU, the companies will initially assess the technical, commercial and implementation aspects of the proposed project. The exercise will also facilitate the preparation of a preliminary feasibility report (PFR), which will be used to evaluate the project's viability before any further development decisions are taken.

Coal India is India's largest coal producer and a Maharatna public sector undertaking. It primarily operates in coal mining and production, supplying coal to the power, steel, cement, fertiliser and other industrial sectors. The Government of India held a 61.13 per cent stake in the company as of June 2026.

The proposed initiative would examine the use of coal gasification for producing urea at Sindri. The MoU is non-binding and relates to the exploration and assessment stage, with the feasibility report expected to provide a basis for considering the project's technical and commercial potential. No investment size or project completion timeline was disclosed in the announcement.

On a consolidated basis, Coal India's net profit increased 0.63 per cent year-on-year to Rs. 88.52 bn in Q1 FY26, while net sales rose 7.77 per cent to Rs. 462.55 bn. The company had reported the figures for the quarter ended June 2026 against the corresponding period of the previous year.

Coal India's shares ended 0.72 per cent higher at Rs. 424.65 on the BSE on 29 September. The market performance followed the announcement of the MoU, which forms part of the company's stated business activities across coal-linked industrial and downstream sectors.

Coal India has signed a non-binding memorandum of understanding (MoU) with Hindustan Urvarak & Rasayan (HURL) to explore the development of a coal gasification-based urea production project at Sindri in Jharkhand. The announcement was made during market hours on 29 September 2026. Under the MoU, the companies will initially assess the technical, commercial and implementation aspects of the proposed project. The exercise will also facilitate the preparation of a preliminary feasibility report (PFR), which will be used to evaluate the project's viability before any further development decisions are taken. Coal India is India's largest coal producer and a Maharatna public sector undertaking. It primarily operates in coal mining and production, supplying coal to the power, steel, cement, fertiliser and other industrial sectors. The Government of India held a 61.13 per cent stake in the company as of June 2026. The proposed initiative would examine the use of coal gasification for producing urea at Sindri. The MoU is non-binding and relates to the exploration and assessment stage, with the feasibility report expected to provide a basis for considering the project's technical and commercial potential. No investment size or project completion timeline was disclosed in the announcement. On a consolidated basis, Coal India's net profit increased 0.63 per cent year-on-year to Rs. 88.52 bn in Q1 FY26, while net sales rose 7.77 per cent to Rs. 462.55 bn. The company had reported the figures for the quarter ended June 2026 against the corresponding period of the previous year. Coal India's shares ended 0.72 per cent higher at Rs. 424.65 on the BSE on 29 September. The market performance followed the announcement of the MoU, which forms part of the company's stated business activities across coal-linked industrial and downstream sectors.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code