The Prime Minister’s Office (PMO) has asked the Ministry of Coal to prepare a roadmap for mapping and listing all subsidiaries of Coal India Limited (CIL) by 2030 as part of a broader push to improve governance, transparency and accountability in the coal sector, according to reports.
The move is aimed at streamlining oversight and unlocking value through asset monetisation in Coal India, which accounts for over 80 per cent of India’s domestic coal production. The exercise is being seen as part of a wider effort to strengthen corporate governance and improve financial efficiency across public sector enterprises in the energy sector.
Coal India operates through eight subsidiaries — Eastern Coalfields Limited, Bharat Coking Coal Limited, Central Coalfields Limited, Western Coalfields Limited, South Eastern Coalfields Limited, Northern Coalfields Limited, Mahanadi Coalfields Limited and Central Mine Planning and Design Institute Limited.
Bharat Coking Coal Limited (BCCL) and Central Mine Planning and Design Institute Limited (CMPDIL) are expected to be listed on the stock exchanges by March 2026. Preparatory work for these listings, including domestic and international investor outreach in the case of BCCL, has been completed, according to reports.
Bharat Coking Coal Limited had earlier filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a proposed initial public offering. The DRHP relates to an offer for sale of up to 46.57 crore equity shares by Coal India and remains subject to regulatory approvals and market conditions. CMPDIL has also filed its DRHP with SEBI for an IPO through the offer-for-sale route.
Coal India has also informed the stock exchanges that its board of directors has approved the listing of South Eastern Coalfields Limited and Mahanadi Coalfields Limited. The decision follows directions from the Ministry of Coal to initiate concrete steps for listing these two major subsidiaries in the next financial year.
Meanwhile, Coal India Limited has set a production target of 875 million tonnes for the current financial year, reflecting the government’s continued focus on balancing structural reforms with operational expansion.
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