This initiative aims to streamline governance, improve transparency, and unlock value through asset monetization within the coal public sector unit. CIL represents over 80% of the nation’s coal production.
Plans are underway to document all of Coal India’s subsidiaries by 2030, as per highly placed sources who requested anonymity.
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The PMO has mandated the listing of all Coal India divisions by 2030 to enhance the company’s governance practices, sources indicated.
CIL operates through eight subsidiaries: Eastern Coalfields Ltd, Bharat Coking Coal Ltd, Central Coalfields Ltd, Western Coalfields Ltd, South Eastern Coalfields Ltd, Northern Coalfields Ltd, Mahanadi Coalfields Ltd, and Central Mine Planning & Design Institute Ltd.
BCCL and the Central Mine Planning & Design Institute Ltd are slated to be listed on stock exchanges by March 2026, with all necessary preparations reported as complete, sources noted.
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Experts predict that the share of coal in India’s energy matrix will decrease to 30-35% by 2047.
The domestic and international promotional campaigns for BCCL have been successfully completed, they added.
The listing process for Bharat Coking Coal Ltd is progressing robustly, with no delays reported, sources explained.
In a recent regulatory filing, Coal India announced that its board has approved the listing of South Eastern Coalfields Ltd and Mahanadi Coalfields.
This decision follows a specific directive from the Ministry of Coal urging CIL to take definitive steps to ensure the listing of its two major subsidiaries, Mahanadi Coalfields Ltd and SECL, within the next financial year.
Bharat Coking Coal Ltd submitted its draft red herring prospectus (DRHP) to capital market regulator SEBI a few months ago for its anticipated initial public offering.
According to a regulatory filing, CIL stated that the DRHP involves an offer for sale (OFS) of up to 46.57 crore equity shares by Coal India. The IPO is contingent upon obtaining necessary approvals, market conditions, and other factors, it added.
Central Mine Planning and Design Institute Ltd also submitted its DRHP to SEBI for its proposed IPO through the offer-for-sale mechanism.
Coal India Ltd aims for a production target of 875 million tonnes for the current financial year.
(Edited by : Navneet Singh)
