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The Print
02-06-2025
- Business
- The Print
BCCL files DRHP for IPO
Kolkata, Jun 1 (PTI) Bharat Coking Coal Ltd (BCCL), a wholly-owned subsidiary of Coal India Ltd (CIL), has filed its draft red herring prospectus (DRHP) with capital market regulator SEBI, as well as BSE and NSE, for its proposed initial public offering. In a regulatory filing on Saturday, CIL said the DRHP, pertains to an offer for sale (OFS) of up to 46.57 crore equity shares by Coal India. The IPO remains subject to receipt of necessary approvals, market conditions, and other considerations, it added.
Time of India
21-05-2025
- Business
- Time of India
Coal India shares in focus after two subsidiaries to file for IPO
Coal India currently has seven coal-producing subsidiaries and one technical and consultancy arm and is responsible for over 80% of India's domestic coal production. Coal India is progressing with listing its subsidiaries, Bharat Coking Coal Ltd and Central Mine Planning and Design Institute, with draft documents soon to be filed. The company has appointed managers for the IPOs, contingent on market conditions. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Coal India Ltd (CIL) will likely be in focus on Wednesday, after the company announced progress in the listing process of two of its subsidiaries — Bharat Coking Coal Ltd (BCCL) and Central Mine Planning and Design Institute (CMPDI).According to an previous ET report, the draft red herring prospectus (DRHP) for both subsidiaries will be filed with SEBI soon, with the process of listing already company has also appointed a Book Running Lead Manager (BRLM) for the proposed IPOs. As reported earlier, the timing of the listings will be contingent on prevailing market coal ministry had earlier confirmed the listing plan, reinforcing the company's strategy to unlock value from its India currently has seven coal-producing subsidiaries and one technical and consultancy arm and is responsible for over 80% of India's domestic coal the listing process, the company is working on critical mineral projects in India and overseas, including regions such as South America, Australia, and Africa, as per the is also advancing on three coal gasification projects and pithead power plants. It is executing a 1,600 MW power project in Odisha, with land acquisition underway and an estimated project cost of Rs 16,000 crore. Another power project is being jointly developed with DVC under a 50:50 joint FY2025-26, the coal major has set a capital expenditure target of Rs 17,000 crore, highlighting its continued investment in infrastructure and energy development India shares closed 1.32% higher at Rs 408.20 on the BSE on Tuesday.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
