Newsletter
Bharat Coking Coal Ltd (BCCL), a fully owned subsidiary of Coal India Ltd, has filed draft papers with SEBI for its IPO. The issue will be a pure offer for sale.
The business: BCCL is in the mining and supply of high-grade coking coal, the kind used in steel production. Raw coking coal makes up over 76% of its operational revenue.
That said, FY25 wasn’t its strongest year. Net profit dipped 20.7% to ₹1,240 crore, while revenue from operations stayed flat at ₹13,998 crore.
Zoom out: this IPO follows closely on the heels of Coal India’s other arm, CMPDIL, filing its own draft red herring prospectus earlier this month. The listings are part of a broader plan to unlock value and attract capital across Coal India’s portfolio.
