Analysts are positive on Bharat Coking Coal, citing its market dominance, stable cash flows, and planned capacity expansions
BCCL's mining and washing operations are concentrated in the Jharia coalfield, Jharkhand, and the Raniganj coalfield, West Bengal, which are critical to its coal production
Ahead of its IPO, Bharat Coking raised ₹273.13 crore from 15 institutional investors through an anchor book on January 8
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
The Chhattisgarh-based arm of Coal India Limited (CIL) will take up the project through its corporate social responsibility (CSR) head, SECL spokesperson said
Brokerages, including SBI Securities and Canara Bank Securities, have recommended that investors subscribe to the issue
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 .
The company targets steel-led growth, import substitution
Bharat Coking Coal IPO will open for public subscription on January 9 and close on Tuesday, January 13, 2026
Currently, overseas consumers access Coal India's coal only through Indian traders
Around 1:10 PM, Coal India share price was trading 5.50 per cent higher at ₹422.35 per share. By comparison, BSE Sensex was trading 0.53 per cent higher at 85,641.58 levels.
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.
Coal India's output fell to 453.5 million tonnes in April-November FY26, the first comparable-period decline in at least six years, hurt by monsoon disruption and land issues
Stocks to buy today: Ajit Mishra of Religare Broking recommends buying Airtel, Coal India and HCLTech; check target here
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
Sairam has over 35 years of experience in the coal sector, spanning mine operations, planning, logistics and regulatory affairs
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
India's largest supplier of coal is pivoting to boost its renewable energy output. It will need to cut its operating costs first, and increase coal output to keep the numbers up
This marks a significant step towards safe, eco-friendly underground mining practices. SECL has coal mines in Chhattisgarh and Madhya Pradesh
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 ...