Bharat Coking Coal Limited - IPO

Incorporated in 1972, Bharat Coking Coal Limited (BCCL) is engaged in the production of coking coal, non-coking coal, and washed coals. The company is a wholly-owned subsidiary of Coal India Limited.

As of March 31, 2025, the company operates 32 mines, including 25 opencast, 3 underground, and 4 mixed mines.

The company’s primary product is coking coal, catering to steel and power industries. As of April 1, 2024, BCCL has an estimated coking coal reserve of approximately 7,910 million tonnes. In Fiscal 2025, BCCL accounted for 58.50% of the total domestic coking coal production in India.

The company operates across Jharia, Jharkhand, and Raniganj, West Bengal, covering a total leasehold area of 288.31 square kilometers.

The company’s operations include opencast and underground mining projects, coal washeries, monetisation of idle washeries through the Washery Developer and Operator (WDO) model, reopening discontinued underground mines through the Mine Developer and Operator (MDO) model, and solar power project monetisation through self-consumption and grid injection.

The company’s coal production increased from 30.51 million tonnes in Fiscal 2022 to 40.50 million tonnes in Fiscal 2025. In Fiscal 2024, the company produced 39.11 million tonnes of coking coal and 1.99 million tonnes of non-coking coal.

Competitive Strenghts

• Largest coking coal producer in India with access to large reserves.
• Strategically located mines with large washeries.
• Well positioned to capitalize on demand for coking coal in India.
• Strong parentage of Coal India Limited.
• Consistent track record of growth and financial performance.