PM office directs Coal India to list all subsidiaries by 2030

To improve governance and accountability, the Prime Minister’s Office (PMO) has directed the coal ministry to map and list all subsidiaries of state-run CIL by 2030, sources said.

The move aims to streamline governance, enhance transparency and unlock value through asset monetization in coal PSUs. Coal India Limited (CIL) contributes more than 80% of the domestic coal production.

Highly placed sources said on the condition of anonymity that there is a plan to list all the subsidiaries of Coal India by 2030.

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Sources said that there is a directive from the PMO to list all the branches of Coal India by 2030 to improve the governance of the company.

CIL operates through eight subsidiaries, namely 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.

Sources said that BCCL and Central Mine Planning and Design Institute Limited are set to be listed on the stock exchanges by March 2026, for which all preparations have been completed.

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He said that the domestic and international road shows of BCCL have been completed.

Sources said that the listing process of Bharat Coking Coal Limited is going on at full speed, there is no obstruction or delay in it.

In a recent regulatory filing to the exchanges, Coal India said its board of directors has given permission for listing of South Eastern Coalfields Ltd and Mahanadi Coalfields.

The decision follows a specific direction given to CIL from the Coal Ministry to take concrete steps to ensure listing of its two primary subsidiaries, Mahanadi Coalfields Limited and SECL, within the next financial year.

Bharat Coking Coal Limited had filed its draft red herring prospectus (DRHP) with capital markets regulator SEBI a few months ago for its proposed initial public offering.

In a regulatory filing, CIL had said the DRHP pertains to the offer for sale (OFS) of 46.57 crore equity shares by Coal India. It added that the IPO is subject to receipt of necessary approvals, market conditions and other considerations.

Central Mine Planning and Design Institute Limited had also filed its DRHP with SEBI for its proposed IPO through the offer-for-sale route.

Coal India Limited The target of production for the current financial year is 875 million tonnes.