Coal India to List Subsidiaries Bharat Coking Coal and CMPDI Soon

23 May 2025 CW Team

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

Equipment

09 Jan 2026

BKT Partners All Teams in India’s Women’s T20 League

Balkrishna Industries (BKT), a global leader in the off-highway tyre market, announced its association as the Official Tyre Partner for all five teams competing in India’s premier women’s T20 championship – Mumbai Indians, Royal Challengers Bangalore, Delhi Capitals, Gujarat Giants, and UP Warriorz – for the upcoming season. This move reinforces BKT’s commitment to using sport as a platform for inclusion, opportunity, and long-term development.These partnerships reflect BKT’s belief in the transformative power of sport, particularly in advancing women’s participation and creating..

Rajesh Power Secures 65 MW BESS Project in Gujarat

Rajesh Power Services has recently secured a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking its entry into utility-scale energy storage. The company received a Letter of Intent from Gujarat Urja Vikas Nigam for the project, which will be developed at Virpore under a tariff-based competitive bidding mechanism supported by Viability Gap Funding through the Power System Development Fund.The project is expected to be executed within 18 months from the signing of the Battery Energy Storage Purchase Agreement. With the ability to supply 65 MW of power for..

ONGC Forms JV with MOL for Ethane Shipping Operations

Oil and Natural Gas Corporation (Oil and Natural Gas Corporation) has recently entered the ethane shipping segment through joint venture agreements with M/s Mitsui O.S.K. Lines Ltd (Mitsui O.S.K. Lines), Japan. The agreements involve equity participation in two joint venture entities—Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited—registered at GIFT City, Gandhinagar.Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of Rs 100 each in both entities, resulting in a 50 per cent equity holding in each joint venture, with the remaining stake ..