Bharat Coking Coal IPO Filed: Coal India to Sell 46.5 Crore Shares — Is PSU Disinvestment Back in Vogue?
🧨 At a glance:
Yes, PSU fans, it’s happening again. On 30th May 2025, Coal India Ltd (CIL) filed the Draft Red Herring Prospectus (DRHP) with SEBI for its wholly owned subsidiary Bharat Coking Coal Limited (BCCL). The IPO will be an Offer for Sale (OFS) of 46.57 crore shares by Coal India itself — no fresh issue, just pure government exit vibes. 💸
🏢 About BCCL — The Coke That Fuels the Nation
Full Name: Bharat Coking Coal Limited
Parent: 100% subsidiary of Coal India Limited
Business: Primarily focused on coking coal mining — the high-carbon coal used in steelmaking
Location: Based in Dhanbad, Jharkhand — India’s coal capital
Why important: Supplies key coking coal to SAIL, Tata Steel, and other steel giants
Coking coal is a critical input for the steel industry, and with India chasing infrastructure dreams (like 100 Vande Bharats, 6 new expressways per week, and ₹10 lakh crore in capex), BCCL is the guy with the lighter at the rocket launchpad.
