Coal India Ltd, the state-owned mining behemoth, appears to be stuck in another era even as its core product faces an increasingly uncertain future. The recently-announced 2024-25 results show Coal India in a position of steady strength. Sales were ₹1.4 trillion and profit after tax at ₹353 billion, supporting a final dividend of ₹5.15 per share after an interim payout of ₹15.75.Yet, beneath these steady numbers, the company faces a trio of significant challenges that could reshape its future.