New Delhi: The Prime Minister’s Office (PMO) has instructed the Ministry of Coal to ensure that all subsidiaries of Coal India are listed on the stock exchange by 2030, according to official sources.
The directive aims to streamline administrative processes, improve transparency, and unlock the underlying value of assets held across Coal India’s subsidiary network. Coal India currently accounts for more than 80% of India’s total coal production, making the move significant for both the energy sector and capital markets.
Officials said the planned listings are expected to improve operational efficiency, enhance public disclosure, and provide investors with greater visibility into individual business units.
Coal India Subsidiaries Slated for Listing
Coal India operates through multiple subsidiaries across key coal-bearing regions. These include:
- 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)
- Mahanadi Coalfields Limited (MCL)
- Central Mine Planning and Design Institute Limited (CMPDI)
IPO Pipeline Gains Momentum
Preparations to list BCCL and CMPDI by March 2026 are nearing completion. Officials said that domestic and international roadshows for BCCL have already been concluded.
As part of the IPO process, Bharat Coking Coal Limited has submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI). The proposed public issue includes the sale of 46.57 crore equity shares of Coal India. The final execution of the IPO will depend on SEBI’s approval, prevailing market conditions, and other regulatory clearances.
CMPDI has also filed its DRHP with SEBI to initiate its public offering.
In addition, the Ministry of Coal has directed Coal India to prepare for the listing of SECL and MCL in the next financial year, a move that has already received approval from Coal India’s board.
Production and Financial Outlook
For the current financial year, Coal India has set a coal production target of 875 million tonnes. Officials said this production roadmap is expected to strengthen both the company’s operational capacity and its financial position, while supporting the broader objective of ensuring energy security.
The government believes that listing Coal India’s subsidiaries will bring greater discipline, improve governance standards, and build investor confidence. Over time, the move is expected to enhance investment prospects and drive efficiency across India’s coal sector.
Disclaimer: This article is for informational purposes only. It does not constitute investment advice or a recommendation to buy or sell shares, IPOs, mutual funds, commodities, REITs, InvITs, alternative investment instruments, or crypto assets.
