Coal India has received a mineral concession license from the Ministry of Mines for the Kawalapur rare earth elements (REE) block, with the project scheduled for execution over a 5-year period. This development marks a significant expansion of the company's operations beyond traditional coal mining into the strategic rare earth minerals sector.

Project Details

The mineral concession license grants Coal India the rights to develop and operate the Kawalapur REE block. The project timeline has been established for completion within 5 years from commencement.

Strategic Significance

This license acquisition represents Coal India's diversification strategy into critical mineral resources. Rare earth elements are essential components in various high-tech applications, including electronics, renewable energy systems, and defense equipment. The move aligns with India's broader objectives to secure domestic sources of these strategically important materials.

Implementation Framework

The 5-year execution timeline provides Coal India with a structured framework to develop the Kawalapur block. This timeframe will encompass various phases of project development, from initial exploration and assessment to full-scale mining operations, subject to necessary regulatory approvals and environmental clearances.

Coal India has announced a significant development regarding its subsidiary Bharat Coking Coal Limited, which successfully completed its Initial Public Offering (IPO) and commenced trading on stock exchanges on January 19, 2026. The IPO marks a strategic milestone in the company's corporate restructuring and capital market activities.

IPO Details and Share Offering

Bharat Coking Coal Limited's public offering involved the sale of substantial equity shares to public investors. The key parameters of the IPO are outlined below:

The shares were offered for sale by Coal India Limited as the parent company, representing a divestment strategy for the Maharatna company.

Impact on Shareholding Structure

The successful completion of the IPO has resulted in a significant change in the ownership structure of Bharat Coking Coal Limited. Coal India's shareholding position has been altered as follows:

This reduction in shareholding from 100% to 90% means that Bharat Coking Coal Limited ceases to be a wholly-owned subsidiary of Coal India. However, with a 90% stake, it continues to remain a subsidiary under Coal India's control and consolidation.

Regulatory Compliance and Disclosure

Coal India made this disclosure in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement serves multiple regulatory purposes:

• Compliance with mandatory disclosure requirements for material events
• Dissemination of information affecting the parent company's subsidiary structure
• Continuation of previous disclosures made on January 3, 2026 and January 14, 2026
• Transparency regarding changes in subsidiary ownership

The disclosure was signed by B. P. Dubey, Executive Director (Company Secretary) and Compliance Officer of Coal India Limited, ensuring proper authorization and compliance with corporate governance norms.

Market Implications

The successful listing of Bharat Coking Coal Limited on both major Indian stock exchanges represents a significant development in the coal sector. The IPO provides public investors with direct exposure to India's coking coal operations while allowing Coal India to unlock value from its subsidiary operations. The listing enhances transparency and provides Bharat Coking Coal with access to capital markets for future growth initiatives while maintaining Coal India's controlling interest in the specialized coking coal business.