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The strong investor response to the initial public offering of Bharat Coking Coal Ltd has boosted confidence within CIL and provided positive momentum as the company evaluates the listing of its other subsidiaries, Chairman-cum-Managing Director B Sairam said. The IPO of Bharat Coking Coal Ltd (BCCL), an arm of Coal India Ltd (CIL), got fully subscribed within minutes of opening for bidding on January 9. As directed by the government, we would step into the market and look forward to unlock the true potential of our companies. We will closely study and assess the market dynamics for listing the companies, Sairam said in an interview with PTI. BCCL is slated to list on the bourses on Monday. Referring to the BCCL IPO issue, Sairam said the "response has been encouraging and has reinforced confidence within the miner". With an overwhelming response, BCCL's IPO resulted in full subscription within minutes of the opening. The strong investor interest continued unabated till the closur
Bharat Coking Coal Ltd (BCCL), an arm of Coal India, on Thursday said it has mobilised over Rs 273 crore from anchor investors, a day before the opening of its initial public offering (IPO). Major anchor investors include Life Insurance Corporation of India, Bandhan Mutual Fund, Nippon India Mutual Fund and UTI Mutual Fund, according to a circular uploaded on the BSE's website. Additionally, foreign funds like Citrine Fund, Copthall Mauritius, Societe Generale ODI and Maybank Securities were also allotted shares, the circular showed. Bharat Coking Coal has allocated 118,753,500 equity shares to anchor investors for Rs 23 per share. This aggregates the fundraising to Rs 273.13 crore. The company's Rs 1,071-crore initial public offering (IPO) will open on January 9, marking the first public issue of 2026. The issue will close on January 13. The price band has been fixed at Rs 21 to Rs 23 per share, and at the higher end, the company is valued at over Rs 10,700 crore. According to t
Coal India subsidiary Eastern Coalfields Ltd (ECL) on Wednesday said it has deployed AI-driven drones to assess green cover and scientific reclamation of land in its Sonepur-Bazari mining area in West Bengal. The company said the assessment involved drone-based orthomosaic mapping, GIS- and GPS-enabled spatial validation, vegetation health analysis and ecological surveys for ground verification. High-resolution UAV surveys combined with advanced geospatial analytics to objectively evaluate plantation performance and ecological restoration are part of the exercise, a company statement said. The study is being conducted by the Central Institute of Mining and Fuel Research (CSIR-CIMFR). The integrated approach enables a data-driven evaluation of plantation survival rates, canopy development, species composition, spatial distribution and overall reclamation success, the statement said. The use of AI and UAV technologies enhances accuracy, scalability and consistency in environmental .
Coal India on Thursday reported a 4.6 per cent year-on-year (y-o-y) growth in production and a 5.2 per cent fall in offtake in December. The miner, along with its eight subsidiaries, produced 75.7 million tonnes (MT) of coal in December 2025, higher than 72.4 MT in the same month in 2024. However, the offtake was at 64.9 MT in the month under review, lower than 68.5 MT in December 2024. Coal India's cumulative production fell by 2.6 per cent to 529.2 MT in April-December FY26 from 543.4 MT in the nine-month period of the preceding FY25. Offtake during the period also slipped 2.2 per cent to 544.7 MT from 557 MT in April-December 2024-25. Coal India, under the Ministry of Coal, is India's largest coal mining company.
From the market listings of two subsidiaries of state-owned CIL to a surge in funding for ambitious coal gasification projects, the coal sector braces for a whirlwind of activities in 2026 that could redefine energy security amid the global push for cleaner fuels. With ambitious mining reforms, surging global demand for critical minerals, and the government's push, 2026 is likely to fuel the green energy boom, promising to unearth not just resources but also boost economic powerhouses. As India races toward its ambitious Viksit Bharat@2047 goals, the Centre is rolling out sweeping reforms in the coal and mining sector to bolster national energy security. These changes target key pain points like cumbersome approval processes, inefficient dispatch mechanisms, and safety protocols, aiming to create a resilient, self-reliant energy ecosystem. The initiatives will accelerate clean energy adoption, reduce import dependence, and ensure a stable power supply for a USD 30 trillion economy
State-owned CIL on Tuesday said B Sairam has taken over as its Chairman and Managing Director (CMD). This comes at a time when Coal India Ltd (CIL) has intensified efforts to achieve record production targets amid surging domestic energy demand. He succeeds Coal Additional Secretary Sanoj Kumar Jha who held the interim charge as Chairman since November 1, 2025, following the superannuation of P M Prasad on October 31. "B Sairam took over as Chairman-cum-Managing Director of Coal India Limited (CIL) effective 15 December 2025, " the coal behemoth said in a filing to the BSE. Earlier, Sairam headed Coal India arm Northern Coalfields Ltd (NCL) as its CMD. "Increased coal production and improved quality coal supplies remain our core functional area in meeting the energy demand of the country. But aligning with the changing business scenario and energy sector dynamics we are also actively foraying into solar power, critical mineral acquisitions and coal gasification. The company is als