Latest news with #BCCL
Mint
6 hours ago
- Business
- Mint
IPO Watch: Coal India arms BCCL files draft papers with SEBI for IPO
IPO Watch: State-owned Coal India arm Bharat Coking Coal Ltd (BCCL) has filed its draft red herring prospectus (DRHP) with the capital market regulator, Securities and Exchange Board of India (SEBI), for an initial public offering (IPO). BCCL, founded with the goal of extracting and providing premium coking coal, is crucial for the country's steel industry, which depends significantly on the coal supplied by the company for its production and manufacturing activities. This announcement follows the recent submission of draft documents to SEBI by Coal Central Mine Planning & Design Institute Ltd (CMPDIL), a subsidiary of Coal India, for its initial public offering, as per reports. Coal India contributes to more than 80% of the coal production in the country. Coal India has announced a 12% increase in its consolidated net profit, reaching ₹ 9,604.02 crore for the March quarter of 2025, driven by increased revenue. In the same period last year, the company reported a net profit of ₹ 8,572.14 crore. The issue will consist solely of an offer for sale, as BCCL will not be issuing any new shares. Coal India Ltd intends to divest up to 46.5 crore shares. The draft red herring Bharat Coking Coal Ltd has been submitted to SEBI, BSE, and NSE," CIL mentioned in a statement to BSE. The DRHP is an initial document that a company presents to SEBI for a public offering. This DRHP filing relates to the anticipated initial public offering (IPO) of BCCL, which includes an offer for sale of as many as 465,700,000 equity shares by Coal India Limited, pending the acquisition of necessary approvals, market conditions, and other pertinent factors, the company stated. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
8 hours ago
- Business
- Time of India
Coal India arms BCCL files IPO papers
State-owned CIL arm Bharat Coking Coal Ltd (BCCL) has filed draft papers with market regulator Sebi for its initial public offering. The issue will be entirely an offer for sale, as BCCL will not issue any fresh shares. Coal India Ltd (CIL) plans to sell up to 46.5 crore shares. "The draft red herring Bharat Coking Coal Ltd was filed with SEBI, BSE and NSE," CIL said in a filing to BSE. DRHP is a preliminary document that a company files with Sebi for a public offer. "The DRHP filing pertains to the proposed initial public offering (IPO) of BCCL comprising an offer for sale of up to 465,700,000 equity shares by Coal India Limited, which remains subject to receipt of applicable approvals, market conditions, and other relevant considerations," the company said. BCCL, established with a mandate to mine and supply high-grade coking coal, plays a pivotal role in fuelling the nation's steel sector, which relies heavily on the company's coal for production and manufacturing processes. The development comes days after CIL arm Coal Central Mine Planning & Design Institute Ltd (CMPDIL) filed draft papers with Sebi for its initial public offering. Coal India accounts for over 80 per cent of domestic coal output. CIL has reported a 12 per cent rise in consolidated net profit at Rs 9,604.02 crore for March quarter 2025 on the back of higher income. The company had posted a net profit of Rs 8,572.14 crore in the year-ago period.
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Business Standard
a day ago
- Business
- Business Standard
BCCL files IPO papers with Sebi, CIL to offload 465.7 million shares
Coal India Ltd (CIL) subsidiary Bharat Coking Coal Ltd (BCCL) has submitted draft papers to the Securities and Exchange Board of India (Sebi) for its upcoming initial public offering (IPO). The IPO will be a pure offer for sale (OFS) with no issuance of new shares. CIL plans to offload up to 465.7 million equity shares through the offering. 'The DRHP filing pertains to the proposed initial public offering of BCCL comprising an offer for sale of up to 465,700,000 equity shares by Coal India Ltd, which remains subject to receipt of applicable approvals, market conditions, and other relevant considerations,' BCCL stated. For the financial year FY25, BCCL reported a net profit of Rs 1,240.19 crore, down 20.7 per cent from Rs 1,564.46 crore in FY24. Revenue from operations in FY25 stood at Rs 13,998.45 crore, a marginal decline of 0.33 per cent from Rs 14,045.34 crore in FY24. Up to 60 per cent of the Qualified Institutional Buyers (QIB) portion may be allocated to Anchor Investors on a discretionary basis, in consultation with the book-running lead managers (BRLMs), in accordance with Sebi ICDR regulations. 'One-third of the Anchor Investor portion shall be reserved for domestic mutual funds, subject to valid bids being received from domestic mutual funds at or above the Anchor Investor Allocation Price,' the draft red herring prospectus (DRHP) stated. No green shoe option is contemplated under the offer. Currently, Coal India holds the entirety of BCCL's paid-up equity share capital, comprising 4,657,000,000 equity shares of Rs 10 each. BCCL noted in its DRHP that 'coking coal prices are on a correction trajectory as supply-side conditions in Australia are expected to ease with mine expansions and new approvals, while demand-side sentiments remain steady, with India being the major influencer.' BCCL is engaged in the mining and supply of high-grade coking coal, a critical input for steel production. Revenue from operations has been primarily driven by raw coking coal, contributing approximately 76.07 per cent in FY25, 75.40 per cent in FY24, and 76.07 per cent in FY23. Separately, CIL announced that its director (marketing), Mukesh Choudhary, has been given additional charge of director (business development). The appointment will take effect from June 1, 2025, for an initial term of three months, or until a permanent appointment is made, or until further notice — whichever is earlier — according to a regulatory filing.
Time of India
a day ago
- Business
- Time of India
Coal India files DRHP for Bharat Coking Coal with Sebi for an IPO
Coal India has submitted the Draft Red Herring Prospectus ( DRHP ) for the proposed initial public offering ( IPO ) of its wholly owned subsidiary, Bharat Coking Coal ( BCCL ), to SEBI and stock exchanges NSE and BSE. The IPO will be a pure offer for sale (OFS) of up to 46.57 crore equity shares by Coal India. No new shares will be issued, meaning the proceeds will go entirely to the parent company. Key details such as the price band and lot size will be disclosed later in consultation with the book-running lead managers. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Iraq: New Small Electric Car For Seniors. Prices Might Surprise You. Electric Cars | Search Ads Undo ICICI Securities and IDBI Capital Markets and Securities are the book-running lead managers for the BCCL IPO, while KFin Technologies will act as the registrar. Also Read: India's top 10 priciest stocks in 2025: MRF to Elcid, see who tops the list This filing comes just a week after another Coal India subsidiary, Central Mine Planning & Design Institute ( CMPDI ), filed its DRHP for a similar OFS-based IPO involving 7.14 crore shares. Live Events Both BCCL and CMPDI aim to list on NSE and BSE, potentially increasing market visibility and operational flexibility. The offerings also provide investors with exposure to India's energy and mining consultancy sectors. Also Read: Ola Electric, Kalyan Jewellers among 10 firms where promoters pledge increased in Q4 Founded in 1975, CMPDI is a leading consultancy and support services provider in coal and mineral exploration, mine planning, environmental management, infrastructure engineering, and specialized mining technologies. It is the preferred advisor to Coal India and holds the largest market share in coal and mineral consultancy in the country. With seven regional institutes across India—including in Asansol, Dhanbad, Ranchi, Nagpur, and Bhubaneswar—CMPDI operates across the full mining lifecycle. It serves a broad client base, including government departments and public sector enterprises. In FY25, CMPDI reported a profit of Rs 667 crore on revenues of Rs 2,103 crore, up from Rs 503 crore and Rs 1,732 crore, respectively, in FY24. As of March 31, 2025, its net worth stood at Rs 2,042 crore, with zero borrowings. The company posted strong financial metrics, with a return on net worth (RoNW) of 32.7% and EBITDA margins exceeding 30%. CMPDI's revenue is largely driven by Coal India subsidiaries, which contributed around 67% of its top line in FY25. SBI Capital Markets and IDBI Capital are the lead managers for CMPDI's IPO.
Time of India
3 days ago
- Lifestyle
- Time of India
City's new weekend vibe: Immersive activities take center stage
An immersive activity that has become a favourite among city residents is the sketch meet Lucknowites have shaken up their weekend routines by choosing immersive activities instead of the usual brunch and bazaar scene. From shaping clay to stretching into silks and immersing in dance movement, the city is leaning into a slower, more intentional weekend rhythm. BCCL It's in the air Beyond art, many are turning to aerial yoga for a physical and emotional reset. Using silk hammocks suspended from the ceiling, this practice is said to offer a balance of strength, flexibility, and breathwork. 'Aerial yoga is not just fitness, it's soul work,' says Heena Badlani, founder of a wellness studio in the city. She adds, 'It's a space to stretch both the body and the mind. People now want weekends that leave a lasting impact, which is why these practices are gaining popularity. ' BCCL Why it's catching on At a time when life is often in overdrive, more people are choosing activities that bring joy and a sense of inner calm in their life. 'Life is always in a rush,' says Shreya, a regular participant of a wellness studio. 'Weekends are now about taking a pause, going out with your friends and doing something that feels good for both the body and mind,' she adds. These creative weekend gatherings are places where you can walk in alone and leave with making new friends. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dermatologista recomenda: simples truque elimina o fungo facilmente Acabe com o Fungo Undo It's not just about crafting it's about community. The inclusive and relaxed vibe makes these activities ideal for solo participants, friend groups or families looking to do something different, alonne or together on the weekend. — Prince, co-founder of a creative studio BCCL Sketch & chill An immersive activity that has become a favourite among city residents is the sketch meet, part of a global community of sketching enthusiasts who practice live sketching on location in the cities and towns where they live or travel. Mishti, founder of the Lucknow chapter, who organises these weekly meets, shares about the activity and says, 'Every Sunday morning, people from diverse walks of life gather at different historical spots and cafes around the city to do live sketching. What started as a small group has now grown into a vibrant community of art lovers. It's like a weekend activity where members sketch, paint, doodle and keep the artist within them alive. The participants have said the activity brings them calm, positivity, creativity and focus.' BCCL Play with clay Among the most popular weekend escapes is pottery, a practice as meditative as it is creative. Studios around the city now offer pottery and clay workshops where you can throw on the wheel, paint terracotta, or enjoy the art of pottery. 'Clay grounds you. It's a slow, mindful process, and that's what people crave now,' says Sonali, founder of a pottery studio in Lucknow. 'Pottery workshops are for everyone from beginners to seasoned art lovers. People cherish the joy of creating something with their hands and taking it back as a memory,' she adds. For those seeking a more personal touch, handprint-based clay Impressions sessions have become a favourite. Couples, friends, and families imprint handprints and messages onto clay slabs, which are later framed as keepsakes. BCCL Playtime for city folk Lucknow's new-age studios are also creating space for social connection and creative expression through playful, hands-on activities. The city residents can enjoy distinguishing activities like tote bag painting, pasta-making, charming jewellery DIYs, canvas art and even Murder Mystery Nights. 'These creative weekend gatherings are places where you can walk alone and leave with making new friends,' says Prince, co-founder of a creative studio. 'It's not just about crafting it's about community. The inclusive and relaxed vibe makes these activities ideal for solo participants, friend groups, or families looking to do something different together on the weekend,' he adds. BCCL A unique movement Fitness in the city is also evolving. More people are now turning to Creative Movement and Dance Therapy sessions to take care of both their bodies and their emotional well-being. 'Creative movement and dance therapy bridge movement with well-being,' says Gurleen, a dance educator and founder of a dance studio. She adds, 'It's about emotional regulation, creative expression and being present in your body. City folk are enjoying detoxing through these movement activities. ' Gone are the days when weekends were just about malls or restaurants. Now, meet-ups feel meaningful, doing activities where you create something to take back home. My friends and I have even changed our usual hangout spots to spend our weekends – A frequent visitor to a pottery studio speaking of her experience BCCL Such immersive activities are the best stress busters apart from pets. It's like indulging in a hobby. I love cooking but can't do it during week days. Such activities help me indulge in something I love which is highly satisfying. I highly recommend such weekend activities – Kshitij, vice president of a corporate house who's joined a pasta-making class A quick guide to weekend activities in Lucknow ACTIVITY WHERE FEE Pottery Workshops Moh– The Earthy Tale ₹1250–₹1750 per session Terracotta Painting & Wall Art Moh – The Earthy Tale ₹950 per session Clay Impressions (Framed Keepsake) Moh – The Earthy Tale ₹3000 per session Clay Workshop & Pottery Ohm Pottery Studio Price on request Aerial Yoga + Dance Movement Therapy Svasa Wellness ₹8000 per month DIY Painting , Crafts & Murder Mystery Nights Melon Studio ₹500–₹1000 per session Creative Dance Movement (Ages 4–14) The Aad Studio ₹2500 for 10-day workshop -Amina Ashraf
