Kolkata: Maharatna PSU Coal India is currently working towards listing of its subsidiaries — Bharat Coking Coal (BCCL), followed by the Central Mine Planning & Design Institute (CMPDI).
“We have identified the banks. First, we will be listing BCCL and CMPDI will follow,” Coal India chairman and managing director PM Prasad told shareholders during the company’s AGM. BCCL, which produces bulk of the coking coal mined in the country, meets almost 50% of the total prime coking coal requirement of the integrated steel sector. CMPDI, headquartered in Ranchi, provides consultancy and support for mineral exploration, mining and infrastructure engineering, among others.
