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Bloomberg Quint

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Coal India Updates Exchanges On IPO Plans For Subsidiaries BCCL And CMPDI

  • Coal India has informed stock exchanges about the progress in the IPO plans for its subsidiaries, Bharat Coking Coal and Central Mine Planning and Design Institute.
  • Lead bankers have been appointed for the IPOs, and the Draft Red Herring Prospectus (DRHP) is under preparation.
  • Coal India's director mentioned that the company is working on filing the DRHP soon.
  • The coal ministry had announced earlier that the listing of both BCCL and CMPDI will occur based on market conditions.

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