In a major move aimed at strengthening governance, transparency and accountability in public sector enterprises, the Prime Minister’s Office (PMO) has directed the Ministry of Coal to prepare a roadmap for listing all subsidiaries of state-run Coal India Ltd (CIL) by 2030, sources said.
The initiative is expected to streamline corporate governance structures and unlock value through asset monetisation in India’s largest coal producer. Coal India accounts for over 80% of the country’s total domestic coal output.
Highly placed sources said the PMO has issued clear instructions to list all arms of Coal India by 2030, underscoring the government’s focus on improving oversight and operational efficiency across major public sector undertakings.
Coal India Subsidiaries
Coal India operates through eight subsidiaries:
- Eastern Coalfields Ltd
- Bharat Coking Coal Ltd (BCCL)
- Central Coalfields Ltd
- Western Coalfields Ltd
- South Eastern Coalfields Ltd (SECL)
- Northern Coalfields Ltd
- Mahanadi Coalfields Ltd (MCL)
- Central Mine Planning & Design Institute Ltd (CMPDI)
BCCL, CMPDI IPOs by March 2026
Among the first to hit the markets are Bharat Coking Coal Ltd and Central Mine Planning & Design Institute Ltd, which are expected to be listed on stock exchanges by March 2026. Sources said all preparations for the listings have been completed.
Domestic and international roadshows for BCCL have already concluded, and the IPO process is progressing without any delays. Bharat Coking Coal Ltd had earlier filed its draft red herring prospectus (DRHP) with capital market regulator SEBI for an offer-for-sale (OFS) of up to 46.57 crore equity shares by Coal India.
The proposed IPO, however, remains subject to regulatory approvals, prevailing market conditions, and other customary considerations.
CMPDI has also filed its DRHP with SEBI for a public issue via the OFS route.
SECL and Mahanadi Coalfields Next in Line
In a recent regulatory filing, Coal India informed stock exchanges that its board of directors has approved the listing of South Eastern Coalfields Ltd and Mahanadi Coalfields Ltd.
The decision follows a specific directive from the Ministry of Coal asking CIL to initiate concrete steps to ensure the listing of these two key subsidiaries within the next financial year.
Coal India Production Target
Meanwhile, Coal India has set an ambitious production target of 875 million tonnes for the current financial year, reinforcing its central role in meeting India’s energy security needs.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Stock market investments are subject to risks, and readers are advised to consult financial professionals before making investment decisions.
