Newsletter
Coal India Ltd has kicked off the listing process for two of its subsidiaries - Bharat Coking Coal Ltd (BCCL) and Central Mine Planning and Design Institute (CMPDI). Draft papers for their IPOs will be filed with SEBI soon.
BCCL is a key producer of coking coal used in steelmaking while CMPDI is CIL’s technical and consultancy arm. Together, the two firms represent a strategic slice of India’s coal value chain.
Why now: Coal India reported a healthy 12% YoY jump in consolidated Q4 profit at ₹9,604 crore and is looking to build on that momentum.
Zoom out: CIL, which controls over 80% of India’s coal production, saw coal output hit 781 MT in FY25 slightly below target. But it’s eyeing 875 MT for FY26, with offtake set at 900 MT.
