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Bharat Coking Coal (BCCL) produces coking coal, non-coking coal, and washed coal. It is India's largest producer of coking coal and operates primarily in the Jharia coalfields of Jharkhand and the Raniganj coalfields of West Bengal. It is the wholly owned subsidiary of Coal India and was conferred with Mini Ratna status in 2014.
The company reported a standalone net loss of Rs 22.88 crore in Q3 FY26 compared with a net profit of Rs 424.99 crore in Q3 FY25. Net sales fell 25.4% YoY to Rs 2,584.77 crore in the quarter ended 31st December 2025.
Shares of Bharat Coking Coal rose 0.06% to Rs 32.12 on the BSE.
The company listed on the stock exchange on 19 January 2026. The counter debuted at Rs 45.21, reflecting a premium of 96.57% compared with the issue price of Rs 23.
The company reported standalone net loss of Rs 22.88 crore in Q3 FY26 compared with net profit of Rs 424.99 crore in Q3 FY25. Net sales fell 25.4% YoY to Rs 2,584.77 crore in the quarter ended 31st December 2025.
The initial public offer (IPO) of Bharat Coking Coal (BCCL) received bids for 50,95,55,58,000 shares as against 34,69,46,500 shares on offer. The issue was subscribed 146.87 times.
The issue opened for bidding on 9 January 2026, and it closed on 13 January 2026. The price band of the IPO was fixed between Rs 21 and 23 per share.
The offer had been a pure offer-for-sale (OFS) of up to 46.57 crore equity shares of face value Rs 10 each by Coal India. At the upper price band of Rs 23 per equity share, Coal India had raised Rs 1,071 crore. The IPO had included a reservation of up to 2.32 crore equity shares for eligible employees and up to 4.66 crore shares for eligible shareholders of Coal India under the shareholder reservation portion.
Ahead of the IPO of Bharat Coking Coal on 8 January 2026, the company raised Rs 273.13 crore from anchor investors by allotting 11.87 crore shares at Rs 23 each to 15 anchor investors.
Bharat Coking Coal (BCCL) produces coking coal, non-coking coal, and washed coal. BCCL is India's largest producer of coking coal and operates primarily in the Jharia coalfields of Jharkhand and the Raniganj coalfields of West Bengal. It is the wholly owned subsidiary of Coal India and was conferred with Mini Ratna status in 2014.
The primary product is coking coal, catering to the steel and power industries. BCCL had an estimated coking coal reserve of approximately 7,910 million tonnes (mt) as of 01 April 2024. It accounted for 58.50% of the total domestic coking coal production in India in FY 2025.
For the six months ended 30 September 2025, the firm recorded a consolidated net profit of Rs 123.88 crore and sales of Rs 5,659 crore.
Coal India announced that Bharat Coking Coal, pursuant to its IPO, has sold 465,700,000 equity shares at an issue price of Rs 23 per share which were offered for sale by the Company. Bharat Coking Coal has been listed on BSE and National Stock Exchange of India effective 19 January 2026.
As a result of the above, the Company's shareholding in Bharat Coking Coal stands reduced from 100% to 90% (i.e., from 4,657,000,000 equity shares to 4,191,300,000 equity shares) of the issued and paid-up equity share capital of Bharat Coking Coal.
Consequent to the above, Bharat Coking Coal ceases to be a wholly-owned subsidiary of the Company. However, it continues to remain a subsidiary of the Company.