Bharat Coking Coal Limited, a Coal India subsidiary based in Jharkhand, filed draft IPO papers with SEBI on June 3, 2025. The IPO is an offer for sale, with Coal India planning to sell up to 46.57 crore shares, crucial for India’s steel industry.
Bharat Coking Coal Limited (BCCL), a key subsidiary of state-owned Coal India Limited (CIL), filed its draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The IPO will be an offer for sale only, with no fresh shares being issued. Coal India plans to sell up to 46.57 crore shares through this move.
BCCL, headquartered in Jharkhand, specializes in mining and supplying high-grade coking coal critical to India’s steel manufacturing sector. The company plays a vital role in supporting the nation’s industrial growth by providing essential raw materials for steel production.
According to the filing, the IPO is subject to regulatory approvals, market conditions, and other relevant factors. The draft red herring prospectus (DRHP) was submitted to SEBI, Bombay Stock Exchange (BSE), and National Stock Exchange (NSE).
This development comes shortly after another Coal India arm, Coal Central Mine Planning & Design Institute (CMPDIL), filed its IPO draft papers with SEBI.
Coal India accounts for over 80 percent of India’s domestic coal output. The company recently reported a 12 percent rise in consolidated net profit to ₹9,604.02 crore for the quarter ending March 2025, driven by higher income, compared to ₹8,572.14 crore in the same period the previous year.
