Coal India to kick off roadshows for BBCL and CMPDI IPOs soon to start gauging investors’ interest

State-run Coal India on Thursday said it is planning to kick off roadshows for the planned initial public offerings (IPOs) for two of its subsidiaries — Bharat Coking Coal (BBCL) and Central Mine Planning and Design Institute (CMPDI)— in the next one or two months to start gauging investors interest. CMPDIL and BCCL filed draft papers with capital market regulator SEBI for their proposed IPOs in May and June, respectively, as Coal India is planning to sell upto 7.14 crore shares and upto 46.57 crore equity shares in these two wholly-owned subsidiaries. The proposed IPOs would be offers for sale with no fresh issues. “Regarding the listings of BCCL and CMPDIL, the proposed listing is 10-25 per cent of the total value of the subsidiaries. DRHP (Draft Red Herring Prospectus) we have completed. Roadshows we are going to conduct in the next one-two months. RHP (Red Herring Prospectus) filing of CMPDL, BCCL, we are expecting by November, 2025, subject to the Government approvals. During the roadshow we will see the market appetite and all,’‘ Chairman and Managing Director P M Prasad told shareholders during Coal India’s annual general meeting. Prasad said the coal behemoth has liquidated around 20 million tonnes (mt) of its coal stock in around five months to about 90 mt from about 110 mt at the end of the last financial year, as power plants have been drawing coals and the company’s production has been hit by early monsoon and incessant rains. “We are expecting that post the monsoon we will definitely bounce back on coal production growth. Even in August, when the rains have stopped for five-seven days the production has jumped. So, in the next five to six weeks once the monsoon is over, then we will be working on it (production growth),” the Chairman said. For this fiscal, CIL has been given a production target of 875 mt . Coal offtake target has been specified at 900 mt . During his speech at the AGM, Prasad said that Coal India is also foraying into critical mineral acquisition and is actively participating in the domestic auctions held by the Ministry of Mines. CIL has emerged as preferred bidder for two domestic graphite bocks. One in Khattali Chhoti Graphite block in Madhya Pradesh and the other is Oranga-Revatipur Graphite and Vanadium block in Chhattisgarh . “CIL has also inked a non-binding MoU with IREL India Ltd to cooperate and collaborate on the development of critical minerals including rare earth elements. CIL is scouting for acquisition of critical mineral assets within the country and overseas in mineral rich countries like Australia, Argentina and Chile,” the Chairman said, adding the company signed a MoU with Curtin University, Australia for collaboration in the critical minerals sector. The coal major is also in collaboration with KABIL and other PSUs for acquisition of lithium assets in Australia, and is currently evaluating prospects for potential offers, Prasad added. Published on August 28, 2025 Companies to follow Coal India Ltd