Coal India Limited (CIL) has outlined a dual strategy to align coal production with demand while accelerating the value-unlocking listing of its subsidiaries during the current fiscal year, the company said at its 52nd Annual General Meeting on August 31.

CIL is targeting coal production of 815 million tonnes for FY27 and remains committed to reaching one billion tonnes of annual production by FY30, backed by infrastructure investments of Rs 1 lakh crore ($10.53 billion).

India's domestic coal demand is projected to reach 1.6 billion tonnes by 2030, keeping coal central to the national energy mix. To reduce import dependency on about 243 million tonnes of substitutable coal, CIL is improving first-mile evacuation logistics, enhancing coking coal blending, and building solar capacity to support national net-zero goals.

The Chairman cum Managing Director outlined several deliverables at the meeting. CIL continued its shift toward mass-production technology in underground mining, expanding continuous miner deployment and highwall mining, alongside a roadmap targeting 70 million tonnes of production from underground mines by FY 2029-30.

In addition, the company's strategic shift from volume-led expansion to demand-synchronized mining has already yielded results, with 28.3 million tonnes of mine-mouth stock liquidated in the first quarter of FY27.

CIL's capital expenditures are heavily scaling toward clean energy, including Rs 25,000 crore committed to commercial coal gasification joint venture projects, the company noted.

On the operational front, the company has granted in-principle board approval to divest up to 25% of equity shares held in Mahanadi Coalfields Limited (MCL), its premier subsidiary. Board approvals have progressed into active merchant banker appointments for MCL's proposed Rs 10,000 crore initial public offering.

The parallel listings of CIL's major subsidiaries are expected to introduce profitable new public sector stocks to domestic markets, likely drawing strong institutional interest from both domestic and foreign investors. The value-unlocking exercise is seen as a positive re-rating catalyst for the parent company while supplying capital to fund its green energy capital expenditure.

The company's initial monetization of clean energy assets has also materialized, with Rs 5.68 crore recorded from solar power dispatches in the first quarter.