Coal India Files DRHP with SEBI for BCCL IPO; Plans to Offload 46.57 Crore Shares

Kolkata, June 1, 2025 – Coal India Limited (NSE: COALINDIA | BSE: 533278), a Maharatna public sector enterprise under the Ministry of Coal, has formally disclosed the filing of the Draft Red Herring Prospectus (DRHP) for an initial public offering (IPO) of its wholly owned subsidiary, Bharat Coking Coal Limited (BCCL).

Key Details of the IPO:

• Issuer: Bharat Coking Coal Limited (BCCL)
• Parent Company: Coal India Limited (100% holding)
• Nature of Issue: Offer for Sale (OFS)
• Equity Shares Offered: Up to 465.7 million shares
• Filing Date: May 30, 2025
• Filed With: SEBI, BSE, and NSE
• Regulatory Reference: Regulation 30 of SEBI (LODR), 2015

Coal India clarified that the IPO will be subject to necessary approvals, prevailing market conditions, and other applicable factors.

Strategic Significance

This move is a critical step in the government’s broader disinvestment strategy for monetizing non-core assets and enhancing value from public sector undertakings. BCCL, operating predominantly in the coking coal segment, plays a pivotal role in supplying coal to key sectors including steel.

The DRHP filing signals the beginning of the formal IPO process, and once approvals are in place, the issue size and valuation will be closely watched by market participants.

Compliance Note

The disclosure has been made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency and timely investor communication.

Company Profile

Coal India Limited

• CIN: L23109WB1973GOI028844
• Registered Office: 3rd Floor, Core-2, Premises No-04-MAR, Plot No-AF-III, Action Area-1A, Newtown, Rajarhat, Kolkata – 700156
• Website: www.coalindia.in

The company remains a dominant player in the Indian coal ecosystem and continues to support national energy security initiatives. The proposed BCCL listing marks a milestone in its corporate restructuring and value unlocking roadmap.

REF:https://nsearchives.nseindia.com/corporate/COALINDIA_31052025221137_drhp_bccl.pdf

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