Latest news with #CMPDI
Time of India
01-06-2025
- 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
27-05-2025
- Business
- Time of India
CMPDI files DRHP for IPO as CIL plans to offload 10% stake
Kolkata: Central Mine Planning and Design Institute (CMPDI) — the engineering, design, and exploration arm of Coal India — will be the first subsidiary of the Maharatna coal giant to be listed. CMPDI filed a DRHP (Draft Red Herring Prospectus) with SEBI (Securities and Exchange Board of India) for an IPO (Initial Public Offering) on Tuesday. According to the DRHP, CIL will offload a 10% stake in CMPDI. Currently, Coal India has eight subsidiaries, and CMPDI, wholly owned by CIL, is its only non-coal-producing subsidiary. Out of its 71 crore shares in CMPDI, CIL will offload 7.1 crore shares. The entire IPO will be an offer for sale with no fresh issue. CMPDI prepares perspective plans, renders consultancy services, and undertakes exploration and drilling work at coal reserves. It also collects data for the preparation of mining projects. CIL earlier said that the process of listing two subsidiaries — BCCL (Bharat Coking Coal Limited) and CMPDI — has begun, and draft papers will be filed soon with SEBI. According to the DRHP, CMPDI generated a revenue of Rs 2,102 crore and a profit after tax (PAT) of Rs 666 crore in 2024-25. In 2023-24, it had a revenue of Rs 1,732 crore and a PAT of Rs 503 crore. Experts said CMPDI was very crucial now, as CIL is looking to acquire lithium blocks in Australia and Argentina. CMPDI, with its expertise in mineral exploration and development, is well-positioned to capitalise on this trend and establish itself as a key player in the Indian lithium market, they added. "By leveraging its capabilities and investing in research and development, CMPDI can help augment India's lithium resources, optimise mining and beneficiation costs, and contribute to the country's energy security and sustainability goals," the company stated in the DRHP.
Mint
27-05-2025
- Business
- Mint
Coal India arm CMPDI files papers for IPO
New Delhi: State-run Coal Mine Planning and Design India Ltd has filed the draft red herring prospectus for its initial public offering. Coal India, the parent, plans to offload 71. 4 million equity shares in the company, the coal miner said in a regulatory filing with the Securities and Exchange Board of India. The filing is subject to applicable approvals, market conditions and other relevant considerations, it said. Coal Mine Planning and Design India (CMPDI), a consultancy firm in the coal mining space, would not receive any proceeds from the offer as the IPO would only involve offloading of shares by its parent, which currently owns 100% of its, showed the draft prospectus. Also read: ONGC-led JV resumes production from 'PY-3' offshore field in Cauvery basin Incorporated on 1 November 1975 as a wholly-owned subsidiary of Coal India, CPMDI was upgraded to the Miniratna (Category I) company in 2019. 'With almost five decades of experience and having published over 320 project reports in the last decade, we have continuously adapted to the changing landscape of the industry, integrating advanced technologies and practices that enhance operational efficiency and safety. We have evolved as a pioneer in introducing new and suitable technology in the exploration and mining sectors," the company said in its draft prospectus to the market regulator. As of 31 March, it operated seven regional institutes in key coal-producing states, including Madhya Pradesh, Chhattisgarh, Odisha and West Bengal, facilitating on-ground project management and collaboration with local mining operations. Coal India and its subsidiaries are its largest clients comprising about 67% of its annual revenue. Also read: Central PSUs' procurement share from micro and small enterprises falls for the first time in 3 years Amid the growing demand for critical minerals both in India and abroad, CMPDI said it aims to leverage its experience in the coal sector to strategically diversify into the mineral sector. 'The estimated market for mining consultancy in value terms was ₹25,701 million ( ₹2,570.1 crore) in fiscal 2024 and is projected to grow to ₹40,071 million ( ₹4,007.1 crore) by fiscal 2030, with a 6-year CAGR of 7.7%," it said, citing data from Crisil Ltd. 'We intend to broaden our service offerings to encompass comprehensive consultancy services for the exploration and development of non-coal minerals such as lithium, nickel, cobalt, copper, iron ore, bauxite and manganese. We are actively engaging in enhancing drilling and exploration activities in minerals sector through funding from the NMET (National Mineral Exploration Trust)," it said. Also read: Search for NTPC CMD to continue as PESB fails to find suitable candidate Coal India had earlier announced to list two of its subsidiaries: CMPDI and Bharat Coking Coal Ltd. Apart from consultancy, CMPDI is into the exploration of minerals, environment management and engineering services. As of 31 March, its total assets stood at ₹2,682.8 crore, according to its DRHP. In FY25, its net profit was ₹666.9 crore, 32.5% over the previous fiscal. Its total income in the last fiscal was ₹2,177.5 crore, 23% higher year-on-year.
Economic Times
27-05-2025
- Business
- Economic Times
Coal India arm CMPDI files DRHP with Sebi for an IPO
Ranchi-based CMPDI, a Coal India subsidiary, filed its draft red herring prospectus for an IPO comprising a 7.14 crore share offer for sale by Coal India. CMPDI, India's leading coal consultancy, posted Rs 667 crore profit in FY25 with zero debt, aiming for listing to enhance operational autonomy. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Ranchi-based Central Mine Planning and Design Institute Ltd ( CMPDI ), a government-owned coal and mineral exploration consultancy under Coal India , has filed its draft red herring prospectus (DRHP) with Sebi to float its maiden public offer. The IPO is a pure offer for sale (OFS) of 7.14 crore equity shares by parent company Coal will not receive any proceeds from the offer, as the entire IPO is a share sale by Coal India. The objective of the offer is to achieve the benefits of listing and provide liquidity to the selling shareholder. Coal India currently holds 100% stake in IPO filing follows the coal ministry's earlier plan announced in February to list two Coal India subsidiaries --- BCCL and CMPDI -- as part of its efforts to streamline operations and improve efficiency. Listing these subsidiaries is expected to provide operational autonomy while allowing Coal India to focus on core mining largest coal and mineral consultancyIncorporated in 1975, CMPDI is a premier consultancy and support services provider for coal and mineral exploration, mine planning and design, environmental management, infrastructure engineering, and specialized technology services. The company is the preferred advisor to Coal India and enjoys the largest market share in coal and mineral consultancy in operates across the entire mining lifecycle and has seven regional institutes across India including in Asansol, Dhanbad, Ranchi, Nagpur, and Bhubaneswar. CMPDI has built an integrated service portfolio covering both surface and underground coal mines, with an extensive client base including government entities and state-owned financial performance with no debtCMPDI posted a profit of Rs 667 crore on revenues of Rs 2,103 crore in FY25, up from Rs 503 crore profit and Rs 1,732 crore revenue in FY24. Its net worth stood at Rs 2,042 crore as of March 31, 2025, with zero borrowings. The company also enjoys high return metrics, with RoNW at 32.7% and EBITDA margins over 30%.CMPDI's revenue growth has been supported by steady inflows from Coal India subsidiaries, which accounted for nearly 67% of its top line in Capital Markets and IDBI Capital Markets are acting as the book running lead managers to the issue.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
27-05-2025
- Business
- Time of India
Coal India arm CMPDI files DRHP with Sebi for an IPO
Ranchi-based Central Mine Planning and Design Institute Ltd ( CMPDI ), a government-owned coal and mineral exploration consultancy under Coal India , has filed its draft red herring prospectus (DRHP) with Sebi to float its maiden public offer. The IPO is a pure offer for sale (OFS) of 7.14 crore equity shares by parent company Coal India. CMPDI will not receive any proceeds from the offer, as the entire IPO is a share sale by Coal India. The objective of the offer is to achieve the benefits of listing and provide liquidity to the selling shareholder. Coal India currently holds 100% stake in CMPDI. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cau Dien: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo This IPO filing follows the coal ministry's earlier plan announced in February to list two Coal India subsidiaries --- BCCL and CMPDI -- as part of its efforts to streamline operations and improve efficiency. Listing these subsidiaries is expected to provide operational autonomy while allowing Coal India to focus on core mining activities. India's largest coal and mineral consultancy Incorporated in 1975, CMPDI is a premier consultancy and support services provider for coal and mineral exploration, mine planning and design, environmental management, infrastructure engineering, and specialized technology services. The company is the preferred advisor to Coal India and enjoys the largest market share in coal and mineral consultancy in India. Live Events It operates across the entire mining lifecycle and has seven regional institutes across India including in Asansol, Dhanbad, Ranchi, Nagpur, and Bhubaneswar. CMPDI has built an integrated service portfolio covering both surface and underground coal mines, with an extensive client base including government entities and state-owned enterprises. Strong financial performance with no debt CMPDI posted a profit of Rs 667 crore on revenues of Rs 2,103 crore in FY25, up from Rs 503 crore profit and Rs 1,732 crore revenue in FY24. Its net worth stood at Rs 2,042 crore as of March 31, 2025, with zero borrowings. The company also enjoys high return metrics, with RoNW at 32.7% and EBITDA margins over 30%. CMPDI's revenue growth has been supported by steady inflows from Coal India subsidiaries, which accounted for nearly 67% of its top line in FY25. SBI Capital Markets and IDBI Capital Markets are acting as the book running lead managers to the issue.
