Business EconomyPosted at: May 19 2025 5:20PM


Coal India to file DRHP for BCCL, CMPDI IPOs soon: Official

New Delhi, May 19 (UNI) State-run Coal India Ltd (CIL) will soon file draft red herring prospectuses (DRHPs) for the initial public offerings (IPOs) of two of its subsidiaries - Bharat Coking Coal Ltd (BCCL) and Central Mine Planning and Design Institute (CMPDI), a senior company official said on Monday.
"We are going to file DRHP soon. We are working on that," Debasish Nanda, Director (Business Development) at Coal India Limited, told reporters here.
The move marks a key step in the government's broader disinvestment strategy, with the book running lead manager (BRLM) for the IPO already appointed.
While exact timelines for the filings were not disclosed, the company has confirmed that preparations are underway.
The Ministry of Coal had earlier indicated that the proposed listings would proceed depending on prevailing market conditions.
Coal India has already initiated the process of listing both BCCL and CMPDI, and is expected to submit the DRHPs with the Securities and Exchange Board of India (SEBI) shortly.
Earlier, the Coal Ministry had confirmed that the IPO listings of Bharat Coking Coal Ltd (BCCL) and Central Mine Planning and Design Institute (CMPDI) will proceed, with timing dependent on market conditions.
The CIL, which produces over 80% of India’s coal through seven subsidiaries and one consultancy firm, is also focusing on critical mineral projects internationally, targeting regions like South America, Australia, and Africa.
CIL is developing three coal gasification projects and working on pithead power plants, including a 1,600 MW project in Odisha costing around Rs 16,000 crore, with land acquisition underway.
Additionally, CIL has entered into a 50:50 joint venture with Damodar Valley Corporation (DVC) for a similar power project. The company’s capital expenditure target for the current fiscal year is Rs 17,000 crore.
Financially, CIL posted a 12% year-on-year rise in consolidated net profit to Rs 9,604 crore for Q4 ending March 2025, supported by increased income despite slightly higher expenses. Coal production was flat at 62.1 million tonnes in April 2025 compared to last year. For 2024-25, CIL produced 781.1 million tonnes, below its target of 875 million tonnes, and aims for 875 MT production and 900 MT offtake in 2025-26.
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Tags: #Coal India to file DRHP for BCCL# CMPDI IPOs soon: Official
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