PMO Directs Listing of All Coal India Subsidiaries by 2030 to Boost Transparency

In order to make it easier to keep track of and hold accountable all of those activities, the Prime Minister’s Office (PMO) has recently issued a significant directive to the Coal Ministry. According to Amar Ujala sources, the PMO has stated that all subsidiaries of the state-owned company Coal India Limited (CIL) should be listed by 2030. This move aims to further improve Coal India's operations, increase transparency, and maximize asset value. Coal India produces over 80% of the country's total coal production.

The Amar Ujala sources said that the PMO has unequivocally expressed that Coal India subsidiaries should be listed on stock exchanges by 2030. This move is expected to enhance the governance structure of the company and instill more confidence in investors. Currently, the company has eight subsidiaries, namely Eastern Coalfields, Bharat Coking Coal Limited (BCCL), Central Coalfields,

Furthermore, it is reported that Bharat Coking Coal Limited (BCCL) and CMPDI will be listed on the stock exchange by March 2026. All preparations for this have been completed. Road shows for BCCL have been completed in India and abroad, and the listing process is progressing rapidly.

Not long ago, The Coal India made an announcement on the stock exchange regarding the approval by its board of the listing of South Eastern Coalfields and Mahanadi Coalfields. The Ministry of Coal has directed the listing of these two companies in the next financial year.

It is noteworthy that both BCCL and CMPD have filed their Draft Red Herring Prospectus (DRHP) with SEBI for their IPOs. This IPO will be through an "Offer for Sale," in which Coal India will sell its stake. However, final approval will depend on market conditions and necessary approvals. Coal India has set a target of producing 875 million tonnes of coal in the current financial year.