CMPDI Posts Strong Drilling Growth and Signs Clean Energy MoUs

• Drilling volume up 12% YoY, achieving 101% of the FY27 target as of August 2026.
• Board approves new technical MoUs with Oil India Limited and CSIR-CIMFR to drive clean energy and mining innovation.

Reader Takeaway: Strong operational momentum in core mining services paired with new clean energy diversification partnerships strengthens long-term outlook.

What just happened

Central Mine Planning & Design Institute (CMPDI) has shared its operational performance update for the first five months of FY 2026-27. The company successfully completed 4.412 lakh meters of drilling, representing 101% of its target, and 150.616 line km of seismic surveys, hitting 116% of its target. These figures mark a 12% growth in drilling activity compared to the same period in the previous year.

Why this matters

The steady increase in drilling efficiency underscores the company's operational capability in mining consultancy. Furthermore, the newly signed Memorandum of Understanding (MoU) with Oil India Limited signals a strategic pivot toward critical minerals and clean energy, while the agreement with CSIR-CIMFR focuses on modern coal gasification techniques. These moves aim to diversify the company's technical service portfolio beyond traditional mining.

Governance and Operations

The board has officially reconstituted five key committees, including the Audit and Risk Management committees, effective September 17, 2026. Leadership roles for these committees have been assigned to Shri Rajesh Davera, Shri Anand Shekhar Singh, Shri Marapally Venkateshwarlu, and Shri Mukesh Agrawal. Additionally, the company has appointed auditors for the fiscal year 2026-27, with M/s Shome & Banerjee handling cost audits and M/s Sanjay Bajoria & Associates overseeing statutory audits and limited reviews.