New Delhi: To strengthen governance and boost transparency, the Prime Minister’s Office (PMO) has directed the Ministry of Coal to map and list all subsidiaries of state-run Coal India Limited (CIL) by 2030.
The move is aimed at improving accountability and unlocking value through asset monetisation in India’s largest coal producer, which accounts for over 80 per cent of domestic coal output.
CIL operates through eight subsidiaries, including Eastern Coalfields, Bharat Coking Coal Limited (BCCL), Central Coalfields, Western Coalfields, South Eastern Coalfields Limited (SECL), Northern Coalfields, Mahanadi Coalfields Limited (MCL) and Central Mine Planning and Design Institute Limited (CMPDIL).
According to reports, BCCL and CMPDIL are set to be listed on stock exchanges by March 2026, with preparations completed. Domestic and international roadshows for BCCL have concluded, and the listing process is progressing without delays. BCCL has already filed its draft red herring prospectus (DRHP) with SEBI for an offer-for-sale by CIL.
Separately, Coal India’s board has approved steps to list SECL and MCL in the next financial year. CIL is targeting coal production of 875 million tonnes in the current fiscal year.
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