Bharat Coking Coal Limited (BHARATCOAL)
₹31.79 -0.53% last close, 16 Oct
Q2 FY27 results
📅 Next results: 24 Oct 2026 (board meeting)Bharat Coking Coal Limited's board meets on 24 Oct 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q1 FY27, Bharat Coking's revenue was ₹3,587 Cr (-3.6% year on year, +9.3% on the previous quarter), and net profit ₹-68.1 Cr (against a profit a year earlier); the operating margin was -1.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹3,587 | -3.6% | +9.3% |
| Operating profit | ₹-64.5 | to loss | loss narrowed |
| Net profit | ₹-68.1 | to loss | to loss |
| EPS (₹) | -0.15 | to loss | to loss |
| Operating margin | -1.8% | — | — |
BHARATCOAL delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 48.96% of the BHARATCOAL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 44.43%. That is close to its usual level. Volume was 0.3 times its average, well below normal.
Delivery in the last 5 sessions: 50.3% · 44.6% · 11.8% · 36.4% · 49.0%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Bharat Coking Coal Limited announced that the National Green Tribunal (NGT), Eastern Zone Bench, Kolkata, disposed of Original Application No. 57/2023/EZ vide order dated 08.10.2026. The case alleged violations of the Environment Protection Act, 1986, and illegal mining at Central Surunga Paharigora, Parbad Laxmi Colliery, and other sites in Dhanbad, Jharkhand. The NGT declined parallel jurisdiction because identical reliefs are currently pending before the High Court of Jharkhand at Ranchi. The disposal removes proceedings at the NGT level, though litigation continues in the High Court.
- NGT Eastern Zone Bench disposed of Original Application No. 57/2023/EZ vide order dated 08.10.2026
- Matter pertained to alleged Environment Protection Act, 1986 violations and illegal mining in Dhanbad district
- Application disposed on grounds that identical reliefs are pending before the Hon'ble High Court of Jharkhand at Ranchi
- The matter was originally disclosed as material litigation in the company's offer documents
The Supreme Court of India has dismissed a petition filed by Bharat Coking Coal Limited (BCCL) concerning a contractual dispute with AT-Libra BPL (JV). This upholds the Jharkhand High Court and Commercial Court decrees directing BCCL to pay ₹46.20 crore alongside interest at 10.5% per annum. The dispute originated from a contract tender dated December 27, 2010, for overburden removal and coal transportation at the Golukdih NC Project. BCCL has been advised by legal counsel to file a Review Petition against the order.
- Supreme Court dismissed BCCL's petition via Order dated 08.10.2026
- Affirms decree directing BCCL to pay ₹46.20 crore
- Liability incurs interest at the rate of 10.5% per annum
- Dispute originates from a tender dated 27.12.2010 for the Golukdih NC Project
- Company counsel advised filing a Review Petition against the dismissal
Bharat Coking Coal Limited's Board approved the rationalisation of basic prices for specific grades of Raw Coking Coal sold to the non-regulated sector. The price revision corrects inter-grade price differentials and results in price hikes between approximately 0.1% and 14% over existing rates. The grades covered include Steel Grades (I and II), Direct Feed, PCC Washery Grades (W-II to W-VI), and HVMC Washery Grades (W-I to W-VI). The total incremental revenue impact was not disclosed in the filing.
- Approved price increases ranging from approximately 0.1% to 14% over existing base rates
- Revision applies exclusively to supplies to the Non-Regulated Sector
- Covers Steel Grades I & II, Direct Feed, PCC Washery Grades (W-II to W-VI), and HVMC Washery Grades (W-I to W-VI)
- Board meeting concluded at 20:05 Hrs on October 13, 2026
Bharat Coking Coal Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for Q2 FY27 (ended September 30, 2026). The confirmation from Registrar & Share Transfer Agent KFin Technologies confirms that demat requests received during the quarter from July 1, 2026, to September 30, 2026, were processed within 15 days. All security certificates were verified, cancelled, and the depository names updated appropriately. This is a standard quarterly administrative filing with no operational or financial impact.
- Covers the second quarter of FY27 ending September 30, 2026
- Confirmation provided by RTA KFIN Technologies Limited dated October 06, 2026
- Demat requests processed within the stipulated 15 days timeframe from receipt
- Period covered spans July 1, 2026, to September 30, 2026
Bharat Coking Coal Limited has issued an office order detailing the transfer and posting of 10 senior executives, impacting its Senior Management Personnel (SMP) roster. Under the reshuffle, 2 executives will cease to be SMPs upon release, 2 executives will be elevated to SMP upon assuming charge, and 6 executives will see changes in postings across mining operational areas. The changes take effect from the actual date of release and assumption of charge at their new postings.
- A total of 10 General Managers (Mining) transferred or reassigned across various operational areas
- 2 executives (Satyakam Anand and Tuneshwar Paswan) to cease being SMP upon release from current assignments
- 2 executives (Manikant Pandey and Deepak Kumar Singh) to become SMP upon assuming charges
- 6 existing SMPs reassigned to new operational areas including Barora, Govindpur, Sijua, EJ, and HQ
- All transfers take effect from the date of actual release and assumption of charge
Bharat Coking Coal Limited (BCCL) has received a certificate proceeding under Certificate Case No. 01/2026-27 initiated by the Certificate Officer/Additional Collector, Dhanbad. The proceeding relates to an alleged outstanding amount of ₹38,16,83,32,765.16 (approx. ₹3,816.83 cr) claimed by the Government of Jharkhand. The notice has been issued under the Bihar and Orissa Public Demands Recovery Act, 1914. BCCL is examining the basis of the claim and stated it will take appropriate legal steps to challenge or address the demand.
- Received certificate proceeding under Certificate Case No. 01/2026-27 on 01.10.2026
- Demand involves an alleged outstanding amount of ₹ 38,16,83,32,765.16
- Claim initiated by Certificate Officer/Additional Collector, Dhanbad for the Government of Jharkhand
- Issued under the Bihar and Orissa Public Demands Recovery Act, 1914
Bharat Coking Coal Limited reported its provisional production updates for September 2026. Raw coal production for the month rose 20.7% YoY to 2.57 million tonnes (MT), driven by a 24.4% increase in opencast mining output. However, cumulative production for H1 FY27 (Apr-Sept 2026) fell 12.5% YoY to 13.78 MT. Raw coal offtake for September grew 13.7% YoY to 3.15 MT, while cumulative offtake stood marginally down by 3.0% YoY at 16.55 MT.
- Raw coal production for Sept 2026 grew 20.7% YoY to 2.57 MT vs 2.13 MT in Sept 2025
- Progressive raw coal production (Apr-Sept 2026) dropped 12.5% YoY to 13.78 MT from 15.75 MT
- Monthly raw coal offtake improved 13.7% YoY to 3.15 MT compared to 2.77 MT in the previous year
- Washed coking coal output gained 24.5% YoY in Sept to 0.13 MT and 12.1% YoY to 0.81 MT in H1 FY27
- Overburden removal contracted 10.4% YoY in September to 9.93 Million CuM and 21.8% YoY to 63.97 Million CuM progressively
Bharat Coking Coal Limited has informed exchanges that its trading window will close from October 1, 2026, pursuant to SEBI Prohibition of Insider Trading Regulations. The closure applies to all designated persons until 48 hours after the declaration of the standalone unaudited financial results for Q2 and H1 ended September 30, 2026. This is a routine compliance announcement ahead of the quarterly earnings announcement cycle.
- Trading window closure starts from 1st Oct’26
- Closure covers standalone unaudited financial results for Q2 and H1 ended 30th Sep’26
- Window to reopen 48 hours post declaration of results
BSE and NSE have levied fines totaling ₹22,25,480 (₹11,12,740 each, inclusive of 18% GST) on Bharat Coking Coal Limited for the quarter ended June 30, 2026. This follows an earlier fine of ₹15,29,280 for the March 2026 quarter, taking cumulative penalties to ₹37,34,760. The non-compliance is due to a shortfall of Independent Directors, including a Woman Independent Director, which also impacted the constitution of Audit, NRC, and SRC committees. BCCL noted that CPSE board appointments rest with the Government of India, and the company has requested a waiver from the exchanges while following up with the Ministry of Coal.
- BSE and NSE imposed an aggregate fine of ₹22,25,480 (₹11,12,740 each) for the quarter ended June 30, 2026.
- Prior fines for the quarter ended March 31, 2026, totaled ₹15,29,280, bringing the cumulative fine amount to ₹37,34,760.
- Specific breaches include Regulation 17(1) (₹5,36,900 per exchange), Regulation 18(1) (₹2,14,760), Regulation 19 (₹2,14,760), and Regulation 20 (₹1,46,320).
- BCCL's Board decided on September 26, 2026, to request a waiver from the exchanges and follow up with the Ministry of Coal for appointments.
Bharat Coking Coal Limited's (BCCL) board has approved offering Washed MCC and Washed PCC coal under the CIL e-Auction scheme at a floor price 5% over the Import Parity Price (IPP) without an upper cap. This auction route applies to a maximum volume of 18 rakes across Q3 and Q4 FY 2026-27, or until negotiations with SAIL on IPP conclude. Additionally, the board noted the appointment of H C O & CO. as Statutory Auditor for FY 2026-27 as communicated by the C&AG.
- Board approved washed coking coal offer at a price 5% over Import Parity Price without any upper cap
- Sale volume capped at a maximum of 18 rakes during Q3 & Q4 FY 2026-27
- Auction route active until conclusion of negotiation with SAIL for IPP, whichever is earlier
- Noted C&AG appointment of H C O & CO. as Statutory Auditor for FY 2026-27
Bharat Coking Coal Limited (BCCL) and Steel Authority of India Limited (SAIL) have signed a Memorandum of Understanding (MoU) on September 25, 2026, for joint development and operations of coal blocks in West Bengal. The agreement covers SAIL's Indikatta Ramnagore Coal Block and BCCL's East of Damagoria (Kalyaneshwari) Coal Block. The combined blocks have a peak rated capacity (PRC) of 4.0 million tonnes per annum (MTPA) with approximately 79 million tonnes of extractable reserves estimated in Phase-1. Operations will feature an integrated mining arrangement where overburden management and mining will be shared across both blocks across two phases.
- Combined peak rated capacity (PRC) of 4.0 MTPA across both coal blocks
- Estimated extractable coal reserves of approximately 79 million tonnes in Phase-1
- MoU signed between two CPSEs, BCCL and SAIL, on September 25, 2026
- Covers joint development of Indikatta Ramnagore (SAIL) and East of Damagoria/Kalyaneshwari (BCCL) blocks in West Bengal
Bharat Coking Coal Limited (BCCL) announced a change in senior management personnel effective September 23, 2026. Shri Masapogu Satya Raju, General Manager (Finance) In-charge, has been transferred to another subsidiary of parent Coal India Limited. Shri Manoj Kant Jha, who brings over three decades of finance and treasury experience across Coal India subsidiaries since December 1995, has assumed the charge. This is an administrative, routine transfer within the Coal India group structure.
- Manoj Kant Jha appointed GM (Finance) In-charge effective September 23, 2026
- Masapogu Satya Raju transferred and released to another Coal India subsidiary
- Incoming GM brings over 30 years of experience across CCL, WCL, and NCL since December 1995
- Filing made pursuant to SEBI Master Circular updated January 30, 2026
Bharat Coking Coal Limited has announced that Shri Rajesh Kumar, Director (Finance), has assumed the additional charge of Director (Human Resources) effective September 1, 2026. This administrative appointment follows the approval by the Hon’ble Minister of Coal, Government of India, and an order from Coal India Limited. The intimation is submitted under Regulation 30 of the SEBI Listing Regulations.
- Rajesh Kumar, Director (Finance), assumed additional charge of Director (HR) effective 01.09.2026
- Appointment approved by the Ministry of Coal, Government of India and Coal India Limited
- Filing submitted under Regulation 30 and SEBI Master Circular updated January 30, 2026
Bharat Coking Coal Limited (BCCL) released its provisional monthly production and offtake data for August 2026. Raw coal production for August 2026 was largely flat at 2.21 million tonnes (MT), down 0.2% year-on-year from 2.21 MT in August 2025. Progressive production for April-August 2026 declined 17.7% YoY to 11.21 MT compared to 13.62 MT in the previous corresponding period. Raw coal offtake remained stable in August 2026 at 2.77 MT (+0.1% YoY), while cumulative FYTD offtake dropped 6.3% YoY to 13.40 MT.
- Raw coal production in Aug 2026 stood at 2.21 MT, flat (-0.2% YoY) vs 2.21 MT in Aug 2025
- Progressive raw coal production for Apr-Aug 2026 contracted 17.7% YoY to 11.21 MT from 13.62 MT
- August 2026 coking coal production grew 2.8% YoY to 2.18 MT, while washed coking coal output rose 13.8% to 0.11 MT
- Overburden removal fell 20.1% YoY in Aug 2026 to 8.86 M CuM and declined 25.1% YoY to 52.93 M CuM in Apr-Aug 2026
- Total raw coal offtake in Aug 2026 remained steady at 2.77 MT (+0.1% YoY), but FYTD offtake fell 6.3% to 13.40 MT
Bharat Coking Coal Limited has informed stock exchanges that Shri Murlikrishna Ramaiah relinquished the charge of Director (Human Resources) effective August 31, 2026. The cessation comes upon his attaining the age of superannuation. Accordingly, he ceases to be a Director and Key Managerial Personnel (KMP) of the company. This represents a standard scheduled leadership transition upon retirement.
- Relinquishment of charge as Director (Human Resources) effective 31.08.2026
- Reason for cessation is superannuation (retirement)
- Cessation as Director and Key Managerial Personnel (KMP) recorded on 01.09.2026
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