The Coal India-HURL MoU, signed on September 29, 2026, covers exploration of a coal gasification-based urea production project at Sindri in Jharkhand, Coal India Ltd said in a BSE filing the same day. The memorandum of understanding is non-binding, with the initial work focused on assessing the proposed project's viability.

Coal India Limited and Hindustan Urvarak & Rasayan Limited (HURL) will examine the technical, commercial and implementation modalities of the proposal. The agreement also provides for facilitating preparation of a Preliminary Feasibility Report, or PFR, to evaluate whether the project is viable.

Feasibility assessment forms the initial scope

The proposed development centres on coal gasification-based urea production at Sindri, Jharkhand. The filing sets out an exploratory scope, with the two companies first seeking to establish the basis on which the project could be developed.

The initial assessment will cover:

  • Technical modalities of the proposed project.
  • Commercial modalities relevant to its evaluation.
  • Implementation modalities for the proposed development.
  • Preparation of a Preliminary Feasibility Report to assess project viability.

The PFR is therefore part of the evaluation process described in the agreement. The disclosure does not present a completed feasibility assessment or state that the project has been approved for implementation.

Disclosure provides no project cost or capacity

Coal India did not specify an investment amount, proposed production capacity, financing arrangement or commissioning schedule in the supplied filing. It also did not disclose a timeline for completing the preliminary feasibility report.

For readers tracking the listed company, the disclosed development is the execution of an agreement to explore the proposal. Its non-binding nature and feasibility-led scope define the stage of work described to the exchanges.

The communication was addressed to BSE and the National Stock Exchange and signed by B. P. Dubey, Executive Director (CS) and Compliance Officer. Coal India's BSE scrip code is 533278.

Source: BSE corporate announcement.