Market Performance: Coal India Share Price Moves Higher
Coal India share price caught strong attention in the stock market today after the company confirmed fresh steps toward listing its subsidiaries. The PSU stock climbed 3%, pushing it close to its previous peak and extending an ongoing upward streak.
The move wasn’t sudden or random. It followed a series of developments that markets had already started pricing in.
At the close of the session:
- Coal India share price rose to ₹412.40
- The stock gained for the sixth straight session
- It is now just 1% away from its all-time high of ₹417.25 recorded in May 2025
This steady rise reflects growing investor interest as clarity emerges on Coal India’s subsidiary listing plans.
Main News: Two More Coal India Subsidiaries Head for Listing
After the recent buzz around the BCCL IPO, Coal India has now officially taken the next step.
In separate regulatory filings, the company confirmed that its board has given in-principle approval for the proposed listing of two major subsidiaries:
- Mahanadi Coalfields Limited (MCL)
- South Eastern Coalfields Limited (SECL)
Both MCL and SECL are wholly-owned subsidiaries of Coal India.
The decision follows a formal advisory from the Ministry of Coal, which asked Coal India to initiate concrete steps for listing its subsidiaries in the upcoming financial year.
According to the filing, the ministry advised Coal India to move ahead with the listing process for MCL and SECL as part of a broader PSU disinvestment and market participation plan.
The approvals were cleared through a circular resolution of the board, showing that the groundwork is already in motion.
However, the company made it clear that:
- The proposals will be sent to the Ministry of Coal as the next step in the review process.
- They will then be submitted to the Department of Investment and Public Asset Management (DIPAM)
- All listings will still need statutory and regulatory approvals before moving forward
This confirmation added fresh fuel to Coal India’s momentum in the stock market today.
BCCL IPO Buzz Sets the Tone
Coal India’s stock had already started gaining in the previous session, driven by reports around another key subsidiary.
Media reports suggest that Bharat Coking Coal Limited (BCCL) is preparing to launch its IPO soon, possibly within the next two weeks.
Here’s what is known so far about the BCCL IPO:
- Estimated issue size: ₹1,300 crore
- Expected valuation: around ₹13,000 crore
- Structure: Entirely an offer for sale
- Stake dilution: Close to 10%
- Equity shares likely to be sold: around 46.57 crore
Since there is no fresh issue, all IPO proceeds would go directly to Coal India, not BCCL.
The stake sale aims to unlock value and bring greater transparency through public market participation.
Other IPO-related details such as:
- Price band
- Lot size
- Final structure
are expected to be announced closer to the launch.
Regulatory approval for BCCL’s draft red herring prospectus was received from SEBI in September, clearing a key hurdle.
Company Details: A Closer Look at BCCL
Bharat Coking Coal Limited was incorporated in 1972 and is a key supplier of coking coal in India.
Its operations are mainly concentrated in:
- Jharia coalfields in Jharkhand
- Raniganj coalfields in West Bengal
BCCL primarily supplies coking coal to the steel sector, making it strategically important within Coal India’s portfolio.
Coal India Share Price: Broader Performance Snapshot
Beyond the recent rally, Coal India share price has seen mixed movement over different timeframes.
Key data points:
- 52-week high: ₹417.25 (May 2025)
- 52-week low: ₹349.20 (February 2025)
Performance across periods:
- Past 5 years: Nearly 200% gain
- Past 1 year: About 4.5% higher
- Past 6 months: Around 2% gain
- Past 3 months: Up roughly 1.5%
- Past 1 month: Nearly 6% rise
While long-term gains remain strong, recent periods had been relatively subdued—making the latest move stand out in the stock market today.
Summary: Why Coal India Is Back in Focus?
Coal India share price is gaining traction as multiple developments come together at the same time.
The key drivers remain:
- Official approval for listing MCL and SECL
- Ministry-backed push for subsidiary listings
- Ongoing BCCL IPO momentum
- Clear regulatory communication from the company
Together, these factors have brought Coal India back into the spotlight, adding fresh energy to PSU stocks in the stock market today—without relying on speculation or forward-looking estimates.
Source: Livemint
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