Coal India Subsidiaries IPO: PMO Directs Company to List All Units by 2030

As per PTI reports, the Prime Minister’s Office (PMO) has instructed the Coal Ministry to ensure state-run Coal India Ltd (CIL) lists all its subsidiaries by 2030. This directive aims to promote governance, transparency and enhance asset monetisation within the public sector enterprise. 

Coal India Subsidiaries Listing Mandate from PMO 

The PMO has asked the Coal Ministry to map and list all subsidiaries of Coal India by 2030. Currently, CIL operates through 8 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), and Central Mine Planning & Design Institute Ltd (CMPDIL). Coal India contributes to more than 80% of domestic coal production in India. 

Following PMO’s instruction, the Coal Ministry has directed CIL to begin the listing process of these entities. The focus is on streamlining governance and unlocking value through disinvestment and asset utilisation. 

Progress on Subsidiary IPO Filings and Approvals 

The listing of BCCL and CMPDIL is already in motion, with both companies filing their draft red herring prospectus (DRHP) with SEBI. BCCL aims to offer up to 46.57 crore equity shares via the offer for sale (OFS) route.  

The IPO process remains subject to market conditions and regulatory approvals. Roadshows for BCCL are completed both domestically and internationally. 

CMPDIL has also taken similar steps and submitted its DRHP for review. Additionally, CIL recently disclosed through a regulatory filing that its board has approved the listing of SECL and MCL. The Ministry of Coal has specifically directed listing proceedings for these companies in the upcoming financial year. 

Read More: Coal India Board Approves In-Principle Listing of SECL! 

Targeted Production and Organisational Update 

Coal India is aiming for a targeted production of 875 million tonnes for the ongoing financial year. The company's increased transparency and subsidiary-level listings are intended to promote operational accountability and streamline asset valuation and monetisation frameworks across the board. 

Conclusion 

The PMO’s directive to list all subsidiaries of Coal India by 2030 serves as a structured move towards improving transparency and governance. Listings already underway for BCCL, CMPDIL, SECL and MCL mark key milestones towards meeting this goal. 

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