+
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
Infrastructure Urban

VECV Sales Rise 49.6% to 11,396 Units in September

VE Commercial Vehicles Ltd (VECV), a joint venture between Volvo Group and Eicher Motors, recorded sales of 11,396 units in September 2026, up 49.6 per cent from 7,619 units in September 2025.The total included 11,146 units under the Eicher brand and 250 units under the Volvo brand.Eicher-branded trucks and buses recorded sales of 11,146 units during the month, compared with 7,352 units in September 2025, registering growth of 51.6 per cent.In the domestic commercial vehicle market, Eicher trucks and buses reported sales of 10,479 units, up 57.5 per cent from 6,652 units in the corresponding p..

Next Story
Infrastructure Urban

"Agentic AI set to transform supply chain decision-making."

Interview with: Lalit Das, Founder & CEO, Agentra AIWhy the next phase of supply chain technology will be about AI that acts, not just advises?Supply chains no longer have a visibility problem. They have a decision-latency problem. It takes about 8.7 hours to detect a disruption and more than 40 more to understand its impact, all before anyone acts. Meanwhile, disruption costs the global economy an estimated $184 billion a year.Enterprises already own excellent systems of record. What they lack is a system of action. Copilots don't fix that, they just give faster answers about a broken pro..

Next Story
Real Estate

BNW Developments Opens Sydney Office to Target UAE Investors

BNW Developments has expanded its international presence with the opening of a new office in Sydney, Australia, aimed at strengthening engagement with Australian investors interested in the UAE residential property market.The Sydney office will serve as a local platform for investors, wealth advisers, brokerage firms and real estate professionals exploring opportunities in Dubai and Ras Al Khaimah.Headquartered in Dubai, BNW Developments has launched 13 projects and has another 16 projects in its pipeline, representing a combined gross development value of around AED 32 billion (USD 8.7 billio..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code