Coal India Plans to list subsidiaries BCCL and CMPDI, soon to file draft papers for IPO

Coal India has decided to list its two subsidiaries, Bharat Coking Coal Ltd (BCCL) and Central Mine Planning and Design Institute (CMPDI), and will soon file DRHP with the SEBI.

Due to Coal India’s announcement, its share price increased.

According to Livemint, speaking at the CII Mining and Construction Equipment Summit, Coal India's Director of Business Development, Debasish Nanda, said they would file the DRHP soon for Coal India’s subsidiaries BCCL and CMPDI, as they are working on it.

Nanda also said, lead managers of IPO are recently been selected.

Earlier coal ministry has said that Bharat Coking Coal Ltd (BCCL) and Central Mine Planning and Design Institute (CMPDI) will be listed, but the exact time would depend on the market conditions.

Coal India has 7 small companies to produce coal, and one technical and consultancy company; together, the company produces more than 80% of the coal made in India.

According to Business Standard, the company reported a 12% year-on-year increase in consolidated net profit, reaching ₹9,604.02 crore for the quarter ending March 2025, driven by higher income. Its total income for the January–March period rose to ₹41,761.76 crore, up from ₹40,457.59 crore in the same quarter last year.

Coal production by CIL was almost flat at 62.1 million tonnes (MT) in April as compared to the year-ago period.

In 2024-25, it’s CIL produced 781.1 MT of coal, which is seven per cent less than the company’s expectation for the financial year, as the company has targeted production of 875 MT and offtake of 900 MT in the 2025-26 fiscal year.

Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.

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