Coal India Plans More IPOs After BCCL Listing

21 Jan 2026 CW Team

Coal India is also preparing to take another subsidiary, the Central Mine Planning and Design Institute (CMPDI), to the market. Investor roadshows for CMPDI are expected to begin in February, with an initial public offering targeted for March. The proposed IPO is likely to be an offer for sale, similar to the BCCL issue, with Coal India initially divesting around 10–15 per cent.

In 2022, the company’s board had granted in-principle approval for divesting 25 per cent of BCCL’s paid-up share capital and listing the subsidiary, though the plan was not implemented at the time. BCCL produces the bulk of India’s coking coal, accounting for 58.50 per cent of domestic coking coal output in the 2024–25 financial year, according to its annual report.

CMPDI, headquartered in Ranchi, serves as Coal India’s technical and consultancy arm, providing research and support for mineral exploration, mining and infrastructure engineering.

In FY25, BCCL reported an annual profit of Rs 12.40 billion, compared with a profit after tax of Rs 15.64 billion in the previous year. Coal India has also lined up disinvestments in two other major subsidiaries, Mahanadi Coalfields Limited and South Eastern Coalfields Limited, over the coming months.

According to sources, after BCCL and CMPDI, Coal India plans to list Mahanadi Coalfields and South Eastern Coalfields in the next financial year, subject to government approval. BCCL and Mahanadi Coalfields together contribute around 50 per cent of India’s coal production, and Coal India intends to divest 25 per cent stakes in both to further unlock value.

Coal India’s other mining subsidiaries include Eastern Coalfields, Central Coalfields, Western Coalfields and Northern Coalfields, all of which are also slated for listing by 2030.

BCCL made a strong stock market debut on 19 January, listing at Rs 45.21 on the Bombay Stock Exchange, a premium of 96.56 per cent over the issue price.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Fresh from divesting a 10 per cent stake in Coal India Ltd’s subsidiary Bharat Coking Coal Limited (BCCL), the state-run miner has drawn up a phased plan to list more subsidiaries to unlock value from its coking and non-coking coal assets, sources said. Following the initial public offering, Coal India plans to disinvest the remaining 15 per cent stake in BCCL within the next six months, potentially in phases, depending on market conditions. Coal India is also preparing to take another subsidiary, the Central Mine Planning and Design Institute (CMPDI), to the market. Investor roadshows for CMPDI are expected to begin in February, with an initial public offering targeted for March. The proposed IPO is likely to be an offer for sale, similar to the BCCL issue, with Coal India initially divesting around 10–15 per cent. In 2022, the company’s board had granted in-principle approval for divesting 25 per cent of BCCL’s paid-up share capital and listing the subsidiary, though the plan was not implemented at the time. BCCL produces the bulk of India’s coking coal, accounting for 58.50 per cent of domestic coking coal output in the 2024–25 financial year, according to its annual report. CMPDI, headquartered in Ranchi, serves as Coal India’s technical and consultancy arm, providing research and support for mineral exploration, mining and infrastructure engineering. In FY25, BCCL reported an annual profit of Rs 12.40 billion, compared with a profit after tax of Rs 15.64 billion in the previous year. Coal India has also lined up disinvestments in two other major subsidiaries, Mahanadi Coalfields Limited and South Eastern Coalfields Limited, over the coming months. According to sources, after BCCL and CMPDI, Coal India plans to list Mahanadi Coalfields and South Eastern Coalfields in the next financial year, subject to government approval. BCCL and Mahanadi Coalfields together contribute around 50 per cent of India’s coal production, and Coal India intends to divest 25 per cent stakes in both to further unlock value. Coal India’s other mining subsidiaries include Eastern Coalfields, Central Coalfields, Western Coalfields and Northern Coalfields, all of which are also slated for listing by 2030. BCCL made a strong stock market debut on 19 January, listing at Rs 45.21 on the Bombay Stock Exchange, a premium of 96.56 per cent over the issue price.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..