Speculation Grows Over PMO Push to List All Coal India Subsidiaries by 2030
Coal India Limited, accounts for over 80 per cent of India’s total domestic coal production, currently operates through eight wholly-owned subsidiaries
Speculations are rife over a major push by the Central government towards improved corporate governance, transparency and asset monetisation in the coal sector, with sources indicating that the Prime Minister’s Office (PMO) has asked the Ministry of Coal to explore the listing of all eight subsidiaries of Coal India Limited (CIL) on the stock market by 2030.
Coal India Limited, which accounts for over 80 per cent of India’s total domestic coal production, currently operates through eight wholly-owned subsidiaries. The proposed listings are aimed at streamlining administration, strengthening accountability, and unlocking shareholder value across the coal behemoth’s vast asset base.
Sources said the directive to list all subsidiaries has come directly from the PMO as part of broader reforms to enhance operational efficiency and governance standards within the public sector enterprise.
www.indianpsu.com tried to get this information verified from several top officials of Coal India Limited, but they chose to remain tight-lipped about the same.
The eight subsidiaries of Coal India Limited include –
- Eastern Coalfields Limited (ECL)
- Bharat Coking Coal Limited (BCCL)
- Central Coalfields Limited (CCL)
- Western Coalfields Limited (WCL)
- South Eastern Coalfields Limited (SECL)
- Northern Coalfields Limited (NCL)
- Mahanadi Coalfields Limited (MCL)
- Central Mine Planning and Design Institute Limited (CMPDI)
Among these, Bharat Coking Coal Limited (BCCL) and Central Mine Planning and Design Institute Limited (CMPDI) are set to be listed first, with targeted timelines by March 2026. Sources confirmed that all preparatory work for these two subsidiaries has been completed.
BCCL has already concluded both domestic and international roadshows, signalling strong momentum in the listing process. “The IPO process for Bharat Coking Coal Limited is progressing at full speed and there is no delay,” sources said.
The phased listing of Coal India’s subsidiaries is expected to mark one of the most significant capital market initiatives in India’s mining and energy sector in the coming years.
The team at www.indianpsu.com is closely tracking developments on this issue and will update readers as and when more authentic information becomes available. Stay tuned…
