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Coal India Limited
Bharat Coking Coal Ltd (BCCL), a wholly-owned subsidiary of Coal India Ltd, is set to open its initial public offering on January 9, marking the first public issue of 2026. The initial public offering (IPO) will be closely tracked by the Dalal Street as an early gauge of investor appetite for public sector undertakings (PSUs) in the new year. According to the red herring prospectus (RHP), the maiden public issue, entirely an offer for sale (OFS) of 46.57 crore equity shares by Coal India Ltd (CIL), will close on January 13, while anchor investor bidding is scheduled for January 8. The proposed listing of BCCL is part of the government's broader divestment push in the coal sector, aimed at unlocking value in Coal India's subsidiaries and enhancing transparency through market discipline. The company will announce key details, such as price band, lot size and issue structure, on January 5. Last year, Central Mine Planning and Design Institute Ltd (CMPDIL), another wholly-owned arm of
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
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
State-owned CIL's coal production dropped by 3.7 per cent to 453.5 million tonnes (MT) in the April-November period of the current financial year, even as the government is taking several steps to ramp up domestic output and bring down the reliance on imports. Coal India Ltd (CIL), which accounts for over 80 per cent of domestic coal output, produced 471 MT of fossil fuel in the corresponding quarter of the previous fiscal. However, the company's production rose by 1.2 per cent to 68 MT during the last month, over 67.2 MT in November last fiscal. In the financial year 2024-25, CIL produced 781.1 MT of coal, nearly 7 per cent below the company's target for the year. Coal India Ltd's coal production target for 2024-25 was 838 million tonnes. The company is targeting a production of 875 million tonnes and an offtake of 900 MT in the 2025-26 financial year. Coal India Ltd had earlier said that it would aspire to reach its production target of 875 MT in the current fiscal year. Coal
Coal Minister G Kishan Reddy on Friday said market study with regard to listing of Coal India arms BCCL and CMPDI is underway and their listing will take place at the right time. A few months back Bharat Coking Coal Ltd (BCCL) and Coal Mine Planning & Design Institute (CMPDI) filed draft red herring prospectus with capital markets regulator SEBI, as well as BSE and NSE, for its proposed initial public offering. Talking to reporters during the inauguration of mines ministry pavilion at India International Trade Fair (IITF) here the minister said, "We are doing market study and after doing that we will go for listing at the right time." "As our experts, consulting agencies are doing market study, we will go for it after they take a decision on it," he added. The minister also said that he reviewed the performance of all PSUs in the coal sector on Thursday. He also said there is sufficient coal available for all the sectors including power and as the demand for coal surges, the ...
Coal India Ltd will aspire to reach its production target of 875 MT in the current fiscal year or reach close to the figure, its CMD Sanoj Kumar Jha said on Sunday. The statement comes at a time when Coal India has missed its production target in the last two months. Speaking on the sidelines of the 59th Foundation Day of Hindustan Copper Ltd here, Jha said, "Today I can't say we will not meet (the production target). I can't say we will meet. But we will aspire that we will be able to be there or near there." Jha, the Coal Additional Secretary, took charge as the Chairman-cum-Managing Director (CMD) of Coal India Ltd (CIL) on November 1. The CMD said Coal India missed its production target in September and October primary because of the monsoon rains. The coal demand, he said, has been very sluggish and demand from the power sector has gone down. Assuring that the company will meet coal requirement of the industry, Jha added, "We will have more stocks at the end of the year than
Newly appointed Coal India Limited (CIL) Chairman Sanoj Kr Jha called for an "overhaul" of the state-run miner's business model and systems. He also emphasised on emerging production methods, stressing that the organisation must adapt swiftly to stay relevant amid the global shift towards renewable energy. "The world is not the same as it was 50 years ago, when coal was the primary source of energy. Renewable energy and many other competitors have come up," Jha said while addressing employees and stakeholders during CIL's 50th anniversary celebration in Kolkata on Saturday, marking his first day in the organisation. Jha, who is also Additional Secretary in the Ministry of Coal, said the sector is at a "turning point" and must evolve beyond traditional methods of operation. "We have to change our entire system, all of our current business models, and the method of production. The minister constantly reminds us that Coal India and all PSUs must come out of the mindset that they can .
State-owned CIL on Wednesday reported a 3.9 per cent decline in production to 48.97 million tonnes (MT) in September. The drop in production comes in spite of the government making efforts to increase coal output to bring down the import of dry fuel. The company's output was 50.94 MT in the corresponding month of the previous fiscal year, Coal India Ltd (CIL) said in a filing to the BSE. However, no reasons were given by the company for the decline. CIL subsidiaries, which registered a drop in production in September, are Bharat Coking Coal Ltd (BCCL), Central Coalfields Ltd (CCL), Western Coalfields Ltd (WCL), and Mahanadi Coalfields Ltd (MCL). There was decline in production in North Eastern Coalfields (NEC), a unit of Coal India. According to industry experts, heavy rains and waterlogging during monsoon create operational difficulties in mining, leading to a drop in coal production. Coal production during the April-September period also dropped to 329.14 MT, over 341.35 MT in
Ahead of the festival season, coal PSUs like state-owned CIL on Friday announced a reward of Rs 1.03 lakh for its non-executive workers, a move that will have a financial implication of Rs 2,153.82 crore. A performance-linked reward (PLR) is a payment or benefit given to an individual for achieving specific, measurable goals. The PLR aims to recognise the contribution and hard work of non-executive workers across all Coal India Ltd (CIL) subsidiaries and state-owned coal mining firm Singareni Collieries Co Ltd (SCCL) and ensure they are fairly rewarded for their efforts. The payment of PLR provides a timely boost to workers and their families during the festive season. The PLR will benefit around 2.1 lakh non-executive cadre employees of CIL, its subsidiaries and around 38,000 non-executive cadre employees of SCCL. Coal India accounts for over 80 per cent of domestic coal output. "The incentive was announced after the 6th meeting of the standardisation committee of Joint Bipartit