Maharatna PSU Coal India Inks Rs 16,500 Cr MoU with DVC In Jharkhand; Q4 Results & Dividend Date Announced
The announcement was made on April 21, 2025, through an official stock exchange filing.
Founded in 1975, Coal India Limited (CIL) is a Maharatna PSU under the Ministry of Coal, Government of India. It is the world's largest coal-producing company, responsible for over 80% of India's coal output.
Coal India Signs MoU with DVC for Ultra Supercritical Power Units
According to the filing, "Coal India Limited (CIL) and Damodar Valley Corporation (DVC) have executed a Non-Binding Memorandum of Understanding (MoU) on 21.04.2025 at Kolkata, with an intent of setting up 2×800 MW Ultra Supercritical units as part of the Brownfield expansion of the existing Chandrapura Thermal Power Station (CTPS) in Jharkhand. The MoU also includes provisions to explore various opportunities for jointly developing thermal power projects and renewable energy projects, with or without storage, to meet the growing power demand in the DVC valley region".
The press release further mentioned, "The total investment would be to the tune of Rs 16,500 crores. The joint venture company would be on a 50% equity-sharing basis. Coal for the proposed power plants would be sourced from coalfields in the proximity of CIL's subsidiary companies Bharat Coking Coal Limited and Central Coalfields Limited. "
Coal India Q4 Results Date and Final Dividend Announcement
Alongside the strategic partnership news, Coal India has also announced the schedule for its Q4 FY25 results and potential final dividend declaration.
The company in an exchange filing stated,""Pursuant to Regulation 29 & 33 of the SEBI (LoDR) Regulations 2015, notice is hereby given that a meeting of the Board of Directors of the company will be held on Wednesday, the 7th of May' 2025, inter alia, to consider, approve and take on record Audited Financial Results of the Company (Standalone & Consolidated) for the 4th quarter and year ended 31st of March 2025 after the results are reviewed by the Audit Committee of the Board. Further, pursuant to Regulation 29 of the Listing Regulations 2015, notice is also given that the Board of Directors of the company may also, inter alia, consider and recommend payment of the Final Dividend for FY 2024-25, if any, subject to approval of shareholders in the ensuing AGM. "
Coal India Dividend History
Despite recent price volatility, Coal India Ltd continues to maintain an attractive dividend track record. According to data from Trendlyne, the company has declared a total equity dividend of Rs.26.35 per share over the past 12 months.
Coal India's dividend history for FY25 in January 2025 A Rs. 5.60 per share dividend was paid, Rs. 15.75 was given in November and Rs. 5 per share was paid out in August.
Originally published on Good Returns
