Coal India to go public with subsidiaries by 2030, while PMO leads Major Listing Initiative

To improve governance and accountability, the Prime Minister’s Office (PMO) has directed the Coal Ministry to identify and list all subsidiaries of state-run CIL by 2030, sources said.This move is aimed at streamlining governance, increasing transparency and unlocking value through asset generation in the coal PSU. Coal India Ltd (CIL) accounts for more than 80 percent of domestic coal production.

There are plans to list all Coal India subsidiaries by 2030, senior sources said on condition of anonymity.There is an instruction from PMO to list all Coal India weapons by 2030 to improve the company’s governance, sources said.

CIL operates through eight subsidiaries namely Eastern Coalfields Ltd, Bharat Coking Coal Ltd, Central Coalfields Ltd, Western Coalfields Ltd, South Eastern Coalfields Ltd, Northern Coalfields Ltd, Mahanadi Coalfields Ltd and Central Mine Planning & Design Institute Ltd.

BCCL and Central Mine Planning & Design Institute Ltd are expected to list on the stock exchange by March 2026 after all preparations are completed, sources said.

BCCL’s domestic and international roadshows have been completed, they added. The listing process for Bharat Coking Coal Ltd is in full swing with absolutely no delays or delays, sources said.

In a recent filing with the stock exchanges, Coal India said its board of directors had given the go-ahead for the listing of South Eastern Coalfields Ltd and Mahanadi Coalfields.

The decision follows a specific directive from the Coal Ministry to CIL to take concrete steps to ensure that two of its key subsidiaries, Mahanadi Coalfields Ltd and SECL, are listed on the stock exchange within the next financial year.

Bharat Coking Coal Ltd filed its draft red herring prospectus (DRHP) with capital markets regulator SEBI a few months ago for its proposed initial public offering.

In a regulatory filing, CIL had said the DRHP relates to an offer for sale (OFS) of up to 46.57 crore shares by Coal India. The IPO remains subject to receipt of necessary approvals, market conditions and other considerations, it added.

Central Mine Planning and Design Institute Ltd had also filed its DRHP with SEBI for the proposed IPO through the for-sale route.

Coal India Ltd is targeting a production of 875 million tonnes for the current financial year.