Representational Image

The Prime Minister’s Office (PMO) has directed the Ministry of Coal to list all eight subsidiaries of the state-owned company Coal India Limited (CIL) on the stock market by 2030. The objective is to strengthen the company’s governance, increase transparency, and create value through asset monetization.

Importance of CIL

Coal India Limited contributes more than 80 percent of the country’s total domestic coal production. It is the country’s leading coal producer and plays a crucial role in the Indian energy sector. CIL was listed on the stock market in November 2010. Its IPO was worth ₹15,199.44 crore and was subscribed 15.28 times. Currently, its share price on the BSE is ₹401.85, and its market capitalization is over ₹2.47 lakh crore. As of the end of September 2025, the government held a 63.13 percent stake.

CIL Subsidiaries

• Coal India Limited has a total of eight subsidiaries:
• Eastern Coalfields Limited (ECL)
• Bharat Coking Coal Limited (BCCL)
• Central Coalfields Limited (CCL)
• Western Coalfields Limited (WCL)
• South Eastern Coalfields Limited (SECL)
• Northern Coalfields Limited (NCL)
• Mahanadi Coalfields Limited (MCL)
• Central Mine Planning and Design Institute Limited (CMPDIL)

Early Listing of BCCL and CMPDIL

According to sources, Bharat Coking Coal Limited (BCCL) and Central Mine Planning and Design Institute Limited (CMPDIL) will be listed on the stock market by March 2026. All preparations for this have been completed. Domestic and international roadshows for BCCL have also been completed. The listing process is progressing at full speed, and there is no indication of any delay.

The government believes that listing all the subsidiaries will make CIL’s operations more transparent, systematic, and commercially robust. This will boost investor confidence and help create value through these assets. This move is considered a significant step towards strengthening the financial health of public sector companies and bringing about reforms in the coal sector.