Bharat Coking Coal, a wholly-owned subsidiary of , plans to launch ₹1,071 crore initial public offering on January 9.
The issue, which is priced in the range of ₹21 to ₹23 per equity, will close on January 13.
Investors can bid for a minimum of 600 equity shares and in multiples of 600 shares thereafter.
The entire issue is an offer for sale by Coal India which will offload 46.57 crore equity shares. The IPO has reservation for shares worth ₹107 crore to eligible shareholders of Coal India under a dedicated shareholder quota. Investors who held Coal India shares on or before January 1 will be eligible to apply in this category.
The company is the largest coking coal producer in India accounting for 58 per cent of the domestic coking coal production in FY25. It has coking coal reserves of about 7,910 million tonnes.
Manoj Kumar Agarwal is the Chairman cum Managing Director said the company has plans to increase washeries capacity by 7 million tonne to improve the quality of coking coal and enhance production capacity to 55 million tonne by FY’30.
To ensure sustainable growth, he said the company plans to transform discontinued mines into profitable ventures through reclamation, resource monetisation and strategic repurposing.
It plans to restore operations in discontinued underground mines through the MDO (mine developer and operator) mode on a revenue-sharing basis and increase coal production by reorganising of coal blocks in Jharia coalfields, he said.
Sanjay Kumar Singh, Director (Technical), Bharat Coking Coal said the company plans to enhance solar power capacity to 200 MW from 50 MW by FY’30 and this will ensure that the entire power consumption of the company will be through green energy.
The company plans to enhance washed coal capacity with the target to reduce coal imports by the steel industry, he said.
Bharat Coking also price its coking coal at 62 per cent of import price to make it more competitive for the steel industry, he added.
Its coal production was 15.75 million tonnes in the six months period ended September 30 against 19.09 million tonne in six months period ended September 30, 2024.
In Fiscal 2024, the company produced 39.11 million tonnes of coking coal and 1.99 million tonnes of non-coking coal, surpassing its previous records of coking coal production.
As of September 30, 2025, the company operates a network of 34 operational mines, including 4 underground mines, 26 opencast mines, and 4 mixed mines.
The company’s revenue from operations was ₹5,659 crore during the six months ended September and its net profit was Rs 124 crore.
IDBI Capital Markets & Securities and ICICI Securities are the book-running lead manager and KFin Technologies was the registrar to the offer.