Bharat Coking Coal Ltd. and Central Mine Planning & Design Institute Ltd., two key subsidiaries of Coal India Ltd., are prone to make their market debut by December, authorities sources instructed NDTV Revenue on Wednesday.
The itemizing course of has been expedited and discussions on the IPO ground value and supply value are in superior phases. The federal government is actively accelerating efforts to record Coal India’s key subsidiaries, sources stated.
BCCL is engaged within the mining and provide of coking coal. CMPDIL serves as Coal India’s consultancy and exploration arm.
The problem is predicted to be a completely Provide-for-Sale (OFS). Sources stated the complete 25% stake will not be offloaded without delay and it may happen in two–three tranches.
