PMO Directs Coal Ministry to List All Coal India Subsidiaries by 2030

Move Aims to Strengthen Governance and Unlock Value​

The Prime Minister’s Office has directed the Ministry of Coal to map and list all subsidiaries of Coal India Ltd by 2030, according to sources. The directive is aimed at improving governance standards, enhancing accountability, and unlocking value through asset monetisation across the state run coal major.

Coal India accounts for more than 80 percent of India’s domestic coal production and operates through a network of subsidiaries that manage mining, planning, and related operations.

Eight Subsidiaries Under the Listing Plan​

Coal India currently functions through eight subsidiaries:

• Eastern Coalfields Ltd
• Bharat Coking Coal Ltd
• Central Coalfields Ltd
• Western Coalfields Ltd
• South Eastern Coalfields Ltd
• Northern Coalfields Ltd
• Mahanadi Coalfields Ltd
• Central Mine Planning & Design Institute Ltd

Highly placed sources indicated that the objective is to bring all these entities to the capital markets by the end of the decade.

BCCL and CMPDI Listings Targeted by March 2026​

Among the subsidiaries, Bharat Coking Coal Ltd and Central Mine Planning and Design Institute Ltd are scheduled to be listed on stock exchanges by March 2026. Preparatory work for both listings has been completed, and domestic as well as international roadshows for Bharat Coking Coal Ltd have already concluded.

Sources said the listing process for Bharat Coking Coal Ltd is progressing without delays.

Board Approval for SECL and Mahanadi Coalfields​

Coal India recently informed stock exchanges that its board has approved the listing of South Eastern Coalfields Ltd and Mahanadi Coalfields Ltd. This follows a directive from the Ministry of Coal asking Coal India to take concrete steps to list these two key subsidiaries within the next financial year.

DRHP Filings with SEBI​

Bharat Coking Coal Ltd has filed its draft red herring prospectus with the market regulator for its proposed initial public offering. The filing relates to an offer for sale of up to 46.57 crore equity shares by Coal India. The IPO is subject to regulatory approvals and prevailing market conditions.

Central Mine Planning and Design Institute Ltd has also submitted its DRHP for an IPO through the offer for sale route.

Production Target for Current Financial Year​

Coal India has set a coal production target of 875 million tonnes for the ongoing financial year, underscoring the company’s operational scale as it moves ahead with plans to restructure and list its subsidiaries.

The phased listing strategy is expected to reshape the governance structure of Coal India while providing greater transparency and market visibility to its subsidiary operations.