CMPDI, Coal India Subsidiary, Files IPO Draft with Sebi

CMPDI, a company under Coal India that helps with mining, is planning to sell shares to the public.

This is done through something called an IPO.

Coal India will sell some of its shares in CMPDI, and the money goes to the parent company.

CMPDI makes money by helping with planning and design for mining projects.

In the past year, the company had strong financial performance.

This move could allow Coal India to focus on its main business of mining while CMPDI gains more independence.