New Delhi: The Prime Minister’s Office (PMO) has directed the Ministry of Coal to list all subsidiaries of Coal India on the stock exchange by 2030. Its main objective is to strengthen the company’s administrative procedures, increase transparency and extract the true value of properties. Coal India produces more than 80 percent of the country’s total coal production. This move will not only improve the performance of the company, but also make information more accessible to investors and the general public.
Subsidiaries of Coal India
- Eastern Coalfields Limited (ECL)
- Bharat Coking Coal Limited (BCCL)
- Central Coalfields Limited (CCL)
- Western Coalfields Limited (WCL)
- South Eastern Coalfields Limited (SECL)
- Northern Coalfields Limited (NCL)
- Mahasanghi Coalfields Limited (MCL)
- Central Mine Planning and Design Institute Limited (CMPDI)
Preparations for listing BCCL and CMPDI by March 2026 are almost complete. Roadshows for BCCL at home and abroad have also been completed.
IPO Alert: BCCL and CMPDI
The listing process of BCCL is going on at full speed. For this, DRHP (Draft Red Herring Prospectus) has been submitted to SEBI. It plans to sell 46.57 crore equity shares of Coal India. The IPO will be carried forward as per SEBI’s approval, market conditions and other conditions.
CMPDI has also deposited DRHP for the IPO. Similarly, the Ministry of Coal has given special instructions to Coal India to list SECL and MCL in the next financial year. The board of Coal India has given the green signal for the listing of these two companies.
Production Target
In the current financial year, Coal India has set a target of producing 875 million tonnes of coal. This plan is expected to strengthen both the production capacity and financial position of the company. This move will make Coal India’s administrative procedures transparent and investors will also get confidence. In future, the listing of all subsidiaries under Coal India on the stock market will enhance the prospects of improvement and investment in the country’s coal sector.
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