Coal India Accelerates IPO Plans for BCCL and CMPDI: BRLMs Appointed, DRHP Filing Imminent

Coal India Ltd (CIL) has taken a major step forward in its long-awaited plan to list two key subsidiaries—Bharat Coking Coal Ltd (BCCL) and Central Mine Planning and Design Institute (CMPDI). The company confirmed that Book Running Lead Managers (BRLMs) have been appointed through a competitive tendering process, and the Draft Red Herring Prospectus (DRHP) for both IPOs is now under preparation.

 

Key Highlights:

With the IPO machinery in full swing, Coal India’s move to list BCCL and CMPDI is poised to reshape the sector’s landscape and unlock fresh value for stakeholders.

 

Sources: Economic Times, Business Standard, The Week, Upstox