Coal India Limited (CIL) augmented its coal supplies by 12.5% in September FY 2026-27, reaching 61.20 million tonnes (MT), compared to 54.40 MT in the same month of the previous fiscal year. This increase aligns with the rising power demand. Supplies to the power sector also saw a strong growth of 10.63%, rising to 48.90 MT from 44.20 MT in the previous fiscal year. Coal supplies to the non-regulated sector (NRS) registered robust growth, increasing by 19.41%.

Enhanced Production

CIL’s coal production grew by 9.18% to 53.50 MT, compared to 49 MT last year. On a quarter-to-quarter comparison, CIL’s coal supplies recorded strong growth in the second quarter (Q2) of the fiscal year, when the company increased its coal supplies to 186.04 MT, registering a growth of 12.04% over Q2 of the previous fiscal. The company supplied 148.20 MT to the power sector compared to 133.50 MT in Q2 last year. Coal production during Q2 grew by 3.81% to 151.37 MT, as against 145.82 MT during Q2 of the last financial year.

Operational Momentum

The higher supplies enabled CIL to liquidate around 63 MT of pithead coal stocks during the first six months of FY 2026-27. With the sustained operational momentum demonstrated during September and Q2 FY 2026-27, CIL remains well positioned to pursue its assigned coal production and supply targets and continue contributing to the energy security of the country on a sustained basis. With the monsoon season over, coal production is expected to further pick up, along with supplies. CIL has been assigned a coal production target of 815 MT and supply target of 850 MT for the current fiscal.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Coal India Limited

Coal India Limited belongs to the Energy › Thermal Coal sector. Here’s a quick read on where the business and the stock stand today.

Coal moves sideways over three months, with neither buyers nor sellers taking control. D/E of 0.09 and a 4.94% dividend yield give the balance sheet a decent cushion. The 4.94% dividend yield is about the only thing keeping income investors interested right now. Buyers show up with 2.0x the volume of sellers. Moreover, they dominated on 15 of recent sessions versus 14 for sellers — a healthy accumulation pattern. The stock rises -3.2% in three months on 9.3% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Coal India Limited.

Oil & Natural Gas Corporation Limited (ONGC) has made a significant discovery in its deepwater exploration programme. The well has been flowing gas with encouraging flow and reservoir pressure for the last three days. This discovery strengthens ONGC’s deepwater exploration efforts and India’s efforts to expand its indigenous hydrocarbon resource base.

Strengthening Exploration Efforts

The find, along with other discoveries in the area, can be a candidate for development through shared facilities enabled by the PNG Rules, 2025. This development will bring deepwater resources onstream, further enhancing ONGC’s exploration capabilities.

Impact on India’s Hydrocarbon Resources

This discovery is a major step forward for India’s efforts to expand its indigenous hydrocarbon resource base. The encouraging flow and reservoir pressure indicate a promising prospect that could significantly contribute to the country’s energy security.

As a result, ONGC’s deepwater exploration programme is set to gain momentum, potentially leading to new developments and contributing to the nation’s energy resources. This discovery underscores the importance of deepwater exploration in India’s energy strategy.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Oil & Natural Gas Corporation Limited

Oil & Natural Gas Corporation Limited belongs to the Energy › Oil & Gas Integrated sector. Here’s a quick read on where the business and the stock stand today.

Oil trades in the lower quarter of its 52-week range. D/E of 0.00 and a 6.24% dividend yield give the balance sheet a decent cushion. Thin margins at 6.2% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The stock sits at 6% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at -1.3% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Oil & Natural Gas Corporation Limited.

Oil India Limited (OIL) held its 67th Annual General Meeting (AGM) under the chairmanship of Dr. Ranjit Rath, Chairman & Managing Director. Addressing shareholders, Dr. Rath outlined OIL’s growth priorities centered on higher domestic oil and gas production, accelerated exploration, strengthening of its integrated energy value chain, and selective expansion in clean energy. Notably, OIL produced 3.450 MMT of crude oil and 3.186 BCM of natural gas during FY 2025-26, achieving a terminal crude oil production rate of 10,566 MTPD, the highest in 14 years.

Offshore Exploration Alignment

OIL’s expanding offshore program is closely aligned with the Government’s Samudra Manthan initiative, which aims for large-scale offshore seismic acquisition and accelerated deep and ultra-deepwater drilling. In the Andaman basin, Sri Vijayapuram-2 established a natural gas occurrence, while Sri Vijayapuram-3 resulted in a gas discovery, providing encouraging evidence of an active petroleum system in this frontier basin.

Integrated Energy Value Chain

Beyond upstream operations, OIL strengthened its integrated presence across refining and pipeline infrastructure. The expansion of Numaligarh Refinery Limited from 3 MMTPA to 9 MMTPA progressed during the year, while the augmentation of the Numaligarh-Siliguri Product Pipeline from 1.72 MMTPA to 5.5 MMTPA was completed, strengthening energy infrastructure in the Northeast.

As a result, OIL recorded its highest-ever standalone quarterly PAT of ₹2,870 crore in Q1 FY27. Moreover, OIL is building its clean-energy portfolio through OIL Green Energy Limited (OGEL), with focus on Compressed Bio-Gas (CBG), integrated CBG and Waste-to-Energy projects, renewable energy, and other low-carbon opportunities.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Oil India Limited

Oil India Limited belongs to the Energy › Oil & Gas Integrated sector. Here’s a quick read on where the business and the stock stand today.

Oil rises 15.9% over three months, with buying pressure holding steady. Margins at 21.7% are impressive but need to be sustained — any compression would be a red flag. Revenue contracts at -2.0% CAGR. That signals structural headwinds, not a short-term blip. The stock holds at 68% of its 52-week range with RSI at 57. In other words, neither side has a clear edge right now. The stock rises 15.9% in three months on -2.0% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Oil India Limited.