Bharat Coking Coal Limited (BCCL), a Mini Ratna subsidiary of Coal India Limited, is the backbone of India’s metallurgical coal sector. As the nation’s largest producer, it accounted for 58.50% of domestic coking coal production in Fiscal 2025. Strategically located in the Jharia and Raniganj coalfields, the company manages a massive reserve of approximately 7,910 million tonnes, making it a critical supplier to the domestic steel and power industries.

The company has demonstrated strong operational momentum, increasing production by 32.74% since Fiscal 2022 to reach 40.50 million tonnes in Fiscal 2025. By leveraging advanced mining technologies and expanding its coal washery capacity, BCCL focuses on high-grade output to support India’s import substitution goals. Furthermore, the company is diversifying into solar energy and methane extraction, aligning its legacy mining operations with India’s long-term sustainability and net-zero commitments.

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(There are no listed peers of the company in the Indian market.)

*Market cap @upper band

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

The Company BHARAT COKING COAL LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

• To carry out Offer for Sale for equity shares

Achieve the benefits of listing the equity shares on the stock exchanges.

At the upper band of IPO Rs. 23, the stock is valued at 43.23 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.