Coal India's Stake in CMPDI Reduces to 85% Following Successful IPO Listing

Coal India Limited has disclosed a major corporate restructuring following the successful initial public offering (IPO) of its subsidiary Central Mine Planning & Design Institute Limited (CMPDI). The development marks a significant milestone in the company's strategic portfolio management.

IPO Details and Market Listing

CMPDI's IPO has been successfully completed with the following key parameters:

Parameter: Details Shares Sold: 107,100,000 equity shares Offer Price: ₹172.00 per share Face Value: ₹2.00 per equity share Listing Date: March 30th, 2026 Stock Exchanges: BSE Limited and NSE India Limited

The equity shares offered for sale were divested by Coal India Limited as part of the IPO process, enabling CMPDI to access public capital markets.

Shareholding Structure Changes

The IPO has resulted in a significant change in Coal India's ownership structure in CMPDI:

Shareholding Metric: Before IPO After IPO Ownership Percentage: 100% 85% Number of Shares Held: 714,000,000 606,900,000 Subsidiary Status: Wholly-owned Subsidiary

This reduction represents Coal India's strategic decision to partially monetize its investment while maintaining majority control over CMPDI operations.

Corporate Governance Impact

The transaction has important implications for Coal India's corporate structure. While CMPDI ceases to be a wholly-owned subsidiary of Coal India Limited, it continues to remain a subsidiary company. This means Coal India retains significant operational control and strategic influence over CMPDI's business activities.

Regulatory Compliance

Coal India Limited has made this disclosure in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement follows previous disclosures made by the company dated March 13th, 2026 and March 25th, 2026, demonstrating consistent regulatory compliance throughout the IPO process.

The disclosure was signed by B. P. Dubey, Executive Director (CS) & Compliance Officer, ensuring proper corporate governance protocols were followed in communicating this material information to stakeholders and regulatory authorities.

Coal India Limited has secured a major contract from Telangana Power Generation Corporation Limited for establishing a Battery Energy Storage System (BESS) plant, marking a significant step in the company's diversification strategy. The Letter of Award encompasses the development of a 750 MWh capacity facility at Choutuppal.

Project Specifications and Financial Details

The awarded project involves setting up a comprehensive BESS facility with specific technical and financial parameters that demonstrate the scale of this undertaking.

Parameter: Details Capacity: 750 MWh (187.50 MW for 4 hours) Location: Choutuppal Project Value: Rs. 1057.09 crore Tariff Rate: Rs. 3.14 lakh per MW per month Execution Timeline: 18 months from BESPA signing

Contract Terms and Conditions

The agreement establishes clear operational frameworks and compliance requirements for the project implementation. Coal India Limited must submit all required documents within 15 days of receiving the Letter of Award, followed by the formal signing of the Battery Energy Storage Purchase Agreement (BESPA). Additionally, the company is required to submit a Performance Bank Guarantee (PBG) as part of the contractual obligations.

Regulatory Compliance and Disclosure

The contract award has been disclosed in accordance with regulatory requirements. The transaction is classified as a domestic contract with no related party implications, as confirmed by the company's regulatory filing.

Compliance Aspect: Status Entity Type: Domestic Related Party Transaction: No Promoter Interest: None Arms Length Transaction: Not applicable

Strategic Implications

This contract represents Coal India Limited's expansion into the renewable energy storage sector, complementing India's growing focus on sustainable energy infrastructure. The 18-month execution timeline indicates an aggressive development schedule, reflecting the urgency of energy storage requirements in the region. The project's substantial value of Rs. 1057.09 crore underscores the significant investment in battery energy storage technology and Coal India's commitment to diversifying its business portfolio beyond traditional coal operations.

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