Sun Dec 28 06:16:27 UTC 2025: Summary:

The Indian government, through the Prime Minister’s Office, is pushing Coal India Limited (CIL) to list all its subsidiaries on the stock exchanges by 2030 to improve governance, transparency, and unlock value through asset monetization. Bharat Coking Coal Limited (BCCL) and Central Mine Planning & Design Institute Limited are set to be listed by March 2026. CIL has already initiated the listing process for South Eastern Coalfields Limited (SECL) and Mahanadi Coalfields Limited, with BCCL filing its DRHP with SEBI for an IPO. CIL aims to produce 875 million tonnes of coal this financial year.

News Article:

India to List All Coal India Subsidiaries by 2030 in Governance Push

New Delhi – December 28, 2025 – In a major move to improve governance and transparency, the Indian government has directed Coal India Limited (CIL) to list all its subsidiaries on the stock exchanges by 2030. The directive, originating from the Prime Minister’s Office (PMO), aims to enhance accountability and unlock value through asset monetization within the state-run coal giant.

Coal India Limited, which accounts for over 80% of India’s domestic coal output, currently operates through eight subsidiaries. The first phase of this ambitious plan will see Bharat Coking Coal Limited (BCCL) and Central Mine Planning & Design Institute Limited (CMPDIL) listed by March 2026. Sources indicate that preparations for these listings are well underway, with international roadshows for BCCL already completed.

CIL has also initiated the process for listing South Eastern Coalfields Limited (SECL) and Mahanadi Coalfields Limited (MCL), following a specific directive from the Ministry of Coal. BCCL filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO), an offer for sale of up to 46.57 crore equity shares by Coal India. CMPDIL has also filed its DRHP for an IPO via offer-for-sale.

“The move to list all subsidiaries of Coal India by 2030 is designed to streamline operations, improve transparency, and increase accountability,” a source close to the PMO stated.

The listing initiative comes as Coal India targets a production of 875 million tonnes for the current financial year.

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