Coal India is set to begin the process of listing two of its subsidiaries—Bharat Coking Coal Limited (BCCL) and Central Mine Planning and Design Institute (CMPDI). Draft papers are expected to be filed soon, according to Debasish Nanda, Director of Business Development at Coal India.

Speaking at the CII Mining and Construction Equipment Summit, Nanda said the company is preparing to file the Draft Red Herring Prospectus (DRHP). The appointment of the Book Running Lead Manager for the initial public offering (IPO) has already been completed.

The timing of the listings will depend on favourable market conditions, and Coal India is working on finalising all necessary regulatory processes.

This move is part of Coal India’s broader strategy to monetise its subsidiaries and unlock value for shareholders.

Source: BL New Delhi Bureau