SAIL Share Price in Focus; Signs MoU With BCCL For Joint Development of Coal Blocks

Steel Authority of India Limited (SAIL) has entered into an agreement with Bharat Coking Coal Limited (BCCL) for the joint development and operation of two coal blocks in West Bengal. The agreement covers coal assets belonging to both companies.  

The two blocks are the Indikatta Ramnagore Coal Block of SAIL and the East of Damagoria, also known as Kalyaneshwari, Coal Block of BCCL. The companies will work together on their development and operations.  

Two Coal Blocks Covered Under MoU 

The agreement brings the two coal blocks under a joint development arrangement. SAIL owns the Indikatta Ramnagore block, while the East of Damagoria block belongs to BCCL. 

Both assets are located in West Bengal and form the central part of the collaboration announced by SAIL.  

Focus on Domestic Coking Coal 

SAIL said the MoU is aimed at developing domestic sources of coking coal. The agreement therefore brings the two companies together around coal production within the country.  

Coking coal is an important raw material for steelmaking, making domestic availability relevant to SAIL's operations. The filing, however, does not give any production target or timeline for the two blocks. 

Under the arrangement, SAIL and BCCL will jointly take forward the development and operation of the identified coal blocks. 

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SAIL Share Price Performance  

As of 25 September 2026, Steel Authority of India Limited share price closed at ₹184.85 per share, reflecting a surge of 0.46% from the previous trading session. 

Conclusion 

SAIL's agreement with BCCL covers the joint development and operation of two coal blocks in West Bengal. The collaboration is specifically aimed at developing domestic sources of coking coal, with further project details not disclosed in the filing. 

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