Coal India Share Price in Focus; Signs Non-Binding MoU with AMNS for Gas Supply

Coal India Ltd. has entered into a Non-Binding Memorandum of Understanding (MoU) with ArcelorMittal Nippon Steel India Private Limited (AMNS) to explore the utilisation of syngas produced from a proposed coal gasification facility at or adjacent to AMNS' Paradip Pellet Plant. The project is also proposed to be coupled with Carbon Capture, Utilisation and Storage (CCUS).  

Coal Gasification Project to Be Explored at Paradip 

Under the proposed arrangement, Coal India plans to explore establishing a coal gasification facility near the AMNS Paradip Pellet Plant. The syngas generated from the facility could subsequently be utilised by AMNS as part of the proposed project.  

Focus on Technical and Commercial Feasibility 

The initial focus of the MoU will be to assess the technical, commercial and implementation modalities of the proposed project. The two companies will also facilitate the preparation of a Preliminary Feasibility Report (PFR) to evaluate the project's viability.  

MoU Is Non-Binding 

The agreement is currently non-binding, meaning it does not constitute a final commitment to execute the project. Further decisions will depend on the outcome of the feasibility assessment and evaluation of the project's technical, commercial and implementation aspects.  

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Coal India Share Price Performance 

As of August 12, 2026, at 3:30 PM, Coal India share price closed at ₹409.30 per share, reflecting a decline of 0.80% from the previous trading session. 

Conclusion 

The MoU marks an initial step towards exploring a coal gasification project involving Coal India and AMNS India. The immediate focus will remain on assessing the project's feasibility and developing the Preliminary Feasibility Report before any further commitment is made.  

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