Business Update
CMPDIL Approves Fresh MoU with NTPC Mining; Drilling Progress Achieves 103% of April FY27 Target
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Central Mine Planning & Design Institute Limited (CMPDIL), a subsidiary of Coal India Limited, announced multiple board-level developments including reconstitution of the Board of Directors, approval of a fresh three-year MoU with NTPC Mining Limited (NML), strong drilling progress achievement for April FY27, and appointment of Tax Auditor for FY26. The company reported that drilling progress achieved 103% of the April 2026 target with around 11% YoY growth.
PRICE-SENSITIVE TRIGGER
Event: Board Meeting Outcome Including MoU Approval, Operational Update and Auditor Appointment
Type: Business Update
Impact: Positive
Immediate Effect: The announcement strengthens CMPDIL’s operational visibility through continued consultancy engagement with NTPC Mining, highlights strong drilling execution performance, and reinforces institutional collaboration within the coal and mining sector.
Key Metrics:
- April FY27 Drilling Target Achievement: 103%
- YoY Growth in Drilling Progress: ~11%
- 2D/3D Seismic Survey Achievement: 100% of target
- FY27 Proposed Drilling Target: 12 lakh meters
- Departmental Drilling Target: 4.30 lakh meters
- Outsourced Drilling Target: 7.70 lakh meters
- Tax Auditor Remuneration for FY26: ₹1,17,950 plus GST
- Additional Auditor Expense Cap: Up to 50% of audit fees
Highlight Metric:
- CMPDIL achieved 103% of April 2026 drilling targets with approximately 11% YoY growth while also securing continuation of strategic consultancy collaboration with NTPC Mining for another three years.
What Happened ?
CMPDIL informed stock exchanges about key outcomes of its Board Meeting held on May 20, 2026. The company announced reconstitution of its Board following the appointment of Shri Anand Mohan as Director (Technical), effective May 11, 2026.
The company also shared operational progress updates for FY27, stating that drilling progress up to April 2026 achieved 103% of the targeted level with approximately 11% growth compared to April 2025. Additionally, total 2D/3D seismic survey targets were fully achieved.
CMPDIL’s Board approved execution of a fresh draft Memorandum of Understanding (MoU) with NTPC Mining Limited (NML) for another three-year period covering consultancy services related to coal mine development and operations. The arrangement is expected to strengthen institutional collaboration and facilitate additional coal mining assignments on a nomination basis.
Further, the Board approved appointment of M/s Deoki Bijay & Co., Chartered Accountants, as Tax Auditor for FY26.
Key Details
Board Developments, Operational Performance & Strategic Collaboration:
- CMPDIL reconstituted its Board of Directors effective May 11, 2026.
- Shri Anand Mohan assumed charge as Director (Technical), CMPDIL.
- The reconstituted Board includes:
- Shri Chaudhari Shivraj Singh – Chairman-cum-Managing Director
- Shri Mukesh Agrawal – Part-Time Official Director
- Shri Marapally Venkateshwarlu – Part-Time Official Director
- Shri Ajay Kumar – Functional Director
- Shri Rajeev Kumar Sinha – Functional Director
- Shri Nripendra Nath – Functional Director
- Shri Anand Mohan – Functional Director
- CMPDIL achieved 103% of drilling target up to April 2026.
- Drilling progress recorded approximately 11% YoY growth compared to April 2025.
- Total 2D/3D seismic survey targets achieved:
- 100%
- FY27 proposed drilling target:
- 12 lakh meters
- Departmental drilling allocation:
- 4.30 lakh meters
- Outsourced drilling allocation:
- 7.70 lakh meters
- Existing consultancy MoU with NTPC Mining Limited expires on:
- May 5, 2026
- Board approved fresh draft MoU validity:
- 3 years
- Consultancy scope includes:
- Coal block exploration
- Mine planning & design
- DGPS surveys
- Survey-related mining activities
- MoU does not involve direct financial commitment.
- Consultancy charges under the MoU will be project-specific and mutually agreed.
- M/s Deoki Bijay & Co. appointed as Tax Auditor for FY26.
- Approved auditor remuneration:
- ₹1,17,950 plus GST and out-of-pocket expenses
Note:
- CMPDIL stated that the renewed MoU with NTPC Mining Limited is expected to strengthen institutional collaboration and facilitate additional coal mining and allied assignments for the company on a nomination basis.
Risk Analysis
Summary:
- While operational execution remains strong, CMPDIL’s business performance continues to depend heavily on government-led coal sector activities, mining project approvals, and continuity of institutional assignments.
Key Risks:
- Consultancy revenues under the NTPC Mining MoU are project-based and not guaranteed.
- Mining sector activity remains dependent on government approvals and coal demand.
- Delays in coal exploration or survey assignments may impact execution targets.
- Outsourced drilling activities could face operational and cost challenges.
- No direct financial commitment under the MoU limits immediate revenue visibility.
Worst Case Scenario:
- If future mining assignments from NTPC Mining or government-linked entities slow down, CMPDIL may face pressure on operational growth and consultancy revenue visibility.
Risk Level: Medium
Company Commentary
- CMPDIL stated that drilling progress up to April 2026 achieved 103% of target levels.
- Management highlighted around 11% YoY growth in drilling activity compared to April 2025.
- The company confirmed that total 2D/3D seismic survey targets were fully achieved.
- CMPDIL stated that the renewed MoU with NTPC Mining would strengthen institutional collaboration.
- The company expects the MoU to facilitate additional mining and allied assignments on nomination basis.
- Consultancy fees under the MoU will be mutually decided based on project scope.
Official Exchange Filing: CMPDIL