Coal India & IIT-H Join Forces for Clean Coal Innovation with ₹98 Cr Investment

has teamed up with IIT-Hyderabad to set up the Centre of Clean Coal Energy and Net Zero (CLEANZ) with a ₹98 crore grant over five years. This initiative focuses on cutting-edge research in clean coal technologies, including coal mine methane recovery, carbon capture, coal gasification, and energy efficiency, aligning with India's Net Zero goals. Signed by CIL Chairman P.M. Prasad and IIT-H Director Prof. B.S. Murty, the partnership ensures financial self-sustainability beyond the initial funding. CLEANZ will also work on low-grade coal utilization, extraction of critical minerals, and AI-driven advancements in coal technology. This move is part of CIL’s broader R&D strategy under the National Centre for Coal and Energy Research (NaCCER), further strengthening India’s push toward cleaner energy solutions while meeting its growing power demands. Technically, COALINDIA's daily and weekly charts indicate a recovery attempt within a broader downtrend. The stock has been forming a base around the ₹350–₹360 support zone, with multiple rejections near ₹388–₹400 resistance. On the daily chart, price action suggests a short-term bounce, but the stock is encountering resistance at the 70-day EMA (₹383.20) and 100-day EMA (₹400.45). The RSI at 57.03 suggests momentum is improving but not yet overbought. The weekly chart shows the price struggling below the 70-week EMA (₹434.60), indicating the longer-term trend remains bearish unless a strong breakout occurs above ₹400–₹425. Volume and price structure suggest that a decisive move beyond ₹400 may trigger a further rally toward ₹425–₹440, while a breakdown below ₹360 could extend weakness toward ₹350 and lower. Caution is warranted as the stock is at a crucial inflection point. I have attached the daily chart of for your reference. Please direct message me, as I won’t be able to respond to each comment individually. Follow me for more such updates, Thank You!