Archive · 2 Jun 2025
Coal India Secures Mining Rights and Prepares for IPO
Coal India, a big mining company, is expanding its business.
First, they won the rights to mine graphite and vanadium in Chhattisgarh.
Second, a part of Coal India called CMPDIL is planning to sell shares to the public to raise money.
CMPDIL helps plan mines.
Coal India will sell existing shares of CMPDIL, not create new ones.
The timing of these activities depends on the market's situation.
Coal India declared 'preferred bidder' for Oranga-Revatipur Graphite and Vanadium block.
Coal India's arm, CMPDIL, filed draft papers with SEBI for an IPO.
CMPDIL's IPO will be entirely an offer for sale by Coal India, selling up to 7.14 crore shares.
CMPDIL provides consultancy services for mine planning and exploration.
The timing of the BCCL and CMPDI listings will depend on market conditions.
- Who
- Coal India Ltd. and its arm Central Mine Planning and Design Institute Ltd (CMPDIL).
- What
- Coal India has been declared a preferred bidder and CMPDIL is preparing for an IPO.
- When
- May 28th, with execution of the mining lease deed within three years after the state government issues the Letter of Intent.
- Where
- Oranga-Revatipur Graphite and Vanadium block in Chhattisgarh and Indian stock market.
- Why
- Coal India aims to raise funds through the CMPDIL IPO and secure mining rights.
Company Officials
Market analysts
Stock Performance
Company Officials
Analysts hold mixed opinions on the stock.
Market analysts
Most analysts have a 'Buy' rating on Coal India, with some holding or recommending a 'Sell'.
- Preferred Bidder
- Coal India Ltd.
- Mining Block
- Oranga-Revatipur Graphite and Vanadium
- Location
- Chhattisgarh
- IPO Filing
- CMPDIL filed draft papers with SEBI
- IPO Type
- Offer for sale
- Shares for Sale
- Up to 7.14 crore
