The method of itemizing of two subsidiaries of Coal India Ltd., – BCCL and CMPDI – has begun and draft papers could be filed quickly with Securities and Alternate Board of India, the corporate on Monday mentioned.
Chatting with reporters on the sidelines of CII Mining and Building Gear Summit, Coal India Ltd., Director Enterprise Growth Debasish Nanda mentioned, “We’re going to file DRHP quickly. We’re engaged on that.”
DRHP is a preliminary doc that an organization information with markets regulator SEBI for a public supply.
Nanda additional mentioned that Guide Operating Lead Supervisor for the IPO has simply been appointed.
The coal ministry had earlier mentioned the itemizing of each corporations – Bharat Coking Coal Ltd. or BCCL and Central Mine Planning and Design Institute or CMPDI – will happen, however the timing will rely upon market circumstances.
Coal India has seven coal-producing subsidiaries and one technical and consultancy firm. The corporate accounts for over 80% of the home coal manufacturing.
It reported 12% year-on-year rise in consolidated web revenue at Rs 9,604.02 crore for the quarter ended March 2025 on the again of upper earnings. Complete earnings throughout the January-March interval rose to Rs 41,761.76 crore from Rs 40,457.59 crore a yr in the past.
Complete bills elevated to Rs 29,057.30 crore from Rs 28,950,41 crore earlier.
Coal manufacturing by CIL was nearly flat at 62.1 million tonne in April as in comparison with the year-ago interval.
In 2024-25, CIL produced 781.1 MT of coal, almost seven per cent lower than the corporate’s goal for the monetary yr. The corporate is focusing on a manufacturing of 875 MT and offtake of 900 MT in 2025-26 fiscal yr.
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