Coal India533278Coal mining
Coal India's October e-auction off-take hit a record 70 million tonnes with premiums surging to around 140%, and Axis Capital retained an add rating with a 455 rupee target
By ScoutQuest · · 1 min read
- October off-take
- 70 million tons
- Off-take growth
- 18.5 percent
- Previous monthly record
- 69.4 million tons
- September e-auction premium
- 94 percent
- October e-auction premium
- 140 percent
Heard on business television between 14:55:54 - 14:58:54 IST.
- Coal India's October off-take rose about 18.5% to 70 million tonnes, surpassing the previous monthly record of 69.4 million tonnes set in March 2026.
- E-auction premiums stayed above 90% for a second straight session, rising from around 94% in September to about 140% in October.
- Street expects e-auction prices to stay elevated due to firm international coal prices, reduced Indonesian exports, and low inventories at Coal India and power plants.
- Planned listing of MCL and SCCL in H2 FY26 could lead to a special dividend; Coal India has already paid over 10 rupees per share in H1, with street expecting a payout of around 25 rupees per share.
- Axis Capital maintained an add rating with a 455 rupee price target, citing improving earnings outlook and attractive valuations at under 5 times EV.
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Source: Live TV News Channel · 2 Nov 2026
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