The Prime Minister’s Office (PMO) has directed the Coal Ministry to ensure that all eight subsidiaries of Coal India Ltd (CIL) are listed on stock exchanges by 2030. The move aims to improve governance, enhance transparency, and unlock value through asset monetisation, marking a major reform in India’s coal sector.
In a landmark directive, the Prime Minister’s Office (PMO) has instructed the Coal Ministry to list all subsidiaries of Coal India Ltd (CIL) by 2030. The decision is part of a broader push to strengthen governance, improve accountability, and enhance transparency in India’s largest coal producer, which contributes over 80% of the country’s coal output.
Coal India currently operates through eight subsidiaries, including Eastern Coalfields Ltd, Bharat Coking Coal Ltd, Central Coalfields Ltd, Western Coalfields Ltd, South Eastern Coalfields Ltd, Northern Coalfields Ltd, Mahanadi Coalfields Ltd, and CMPDIL. The board has already approved listings for Mahanadi Coalfields Ltd (MCL) and South Eastern Coalfields Ltd (SECL), with IPOs for BCCL and CMPDIL planned by March 2026.
Analysts believe the listings will unlock significant value, attract investor interest, and align with the government’s PSU reform and asset monetisation agenda.
Key Highlights And Major Takeaways
• PMO directs listing of all Coal India subsidiaries by 2030
• Eight subsidiaries include ECL, BCCL, CCL, WCL, SECL, NCL, MCL, CMPDIL
• Board approvals already in place for MCL and SECL listings
• IPOs for BCCL and CMPDIL expected by March 2026
• Move aims to boost governance, transparency, and asset monetisation
• Coal India contributes over 80% of India’s coal production
Conclusion
The PMO’s directive marks a transformative step for Coal India, positioning the PSU for greater transparency and investor participation. By 2030, the listings could reshape India’s coal sector, balancing governance reforms with economic value creation.
Sources: Business Today , Business Standard , Outlook Business