Coal India Limited — Important, 25-03-2025: General Updates

Coal India Limited has announced a board meeting focused on the incorporation of Coal Gas India Limited, its newly formed subsidiary. The Ministry of Corporate Affairs has issued its Certificate of Incorporation, with an authorized share capital of ₹11 Crore and an initial paid-up capital of ₹1 Lakh, divided between CIL and GAIL. This strategic move aims to establish a Coal to Synthetic Natural Gas (SNG) business, enhancing operational capabilities in energy production. Investors may view this development positively, as it diversifies Coal India's portfolio and capitalizes on market trends in synthetic fuels, presenting potential growth opportunities.