Bharat Coking Coal Shares in Focus Following Expiry of Three Month Shareholders Lock-In

Shares of Bharat Coking Coal Ltd. moved higher on Wednesday, April 15, as the company’s three-month shareholder lock-in period expired during the session.

Shareholder Lock-In Expiry

Data from Nuvama Alternative & Quantitative Research indicates that nearly 59.4 million shares, representing about 1% of the company’s total equity, have now become eligible for trading. However, the expiry of the lock-in does not necessarily imply immediate selling but simply allows these shares to be traded in the open market.

At Monday’s closing price, the shares that have become eligible for trading are valued at approximately ₹194 crore. The Coal India subsidiary made a strong debut on the stock exchanges on January 19, 2026, listing at around ₹45 per share, marking a premium of 95.65% over its issue price of ₹23 on the NSE.

Bharat Coking Coal March 2026 Production Highlights

Operationally, the company reported steady performance in March 2026. Raw coal production stood at 4.42 million tonnes, registering a 2% year-on-year increase from 4.33 million tonnes. Coking coal output rose 3.6% to 4.22 million tonnes, while non-coking coal production declined sharply by 22.9% to 0.20 million tonnes.

On the mining front, output from underground mines dropped 23.5% to 0.11 million tonnes, whereas opencast production grew 2.9% to 4.31 million tonnes. Washed coking coal production saw a robust increase of 17.5% to 0.17 million tonnes.

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Despite these gains, key operational indicators remained weak. Overburden removal fell 24.3% to 12.21 million cubic meters, and raw coal offtake declined 24.4% year-on-year to 2.66 million tonnes.

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