Bharat Coking Coal Limited. IPO Details Issue Price, Date, News, Allotment Status, GMP Today, Link, Updates

Bharat Coking Coal Limited IPO Strengths:

• In FY25, it emerged as the largest coking coal producer in India, accounting for approx. 58.5% of total domestic coking coal production. As of April 1, 2024, it held estimated coking coal reserves of around 7,910 million tonnes, positioning it among the largest holders of coking coal reserves in the country and reinforcing its long-term strategic significance.
• BCCL has significantly expanded its operations over the years, with coal production rising from 30.51 million tonnes in FY22 to 40.50 million tonnes in FY25, reflecting a growth of 32.74% over FY22 levels. In the first half of FY26, coal production stood at 15.75 million tonnes, underscoring continued operational momentum.
• It operates across a total leasehold area of 288.31 square kilometres, comprising 252.88 square kilometres in the Jharia coalfield and 35.43 square kilometres in the Raniganj coalfield. Its operational portfolio includes opencast and underground mining projects, coal washeries, monetisation of old and idle washeries through the Washery Developer and Operator (WDO) route, and revival of discontinued underground mines under the Mine Developer and Operator (MDO) model.
• As of Q2FY26, it operated 34 mines, comprising 26 opencast, 4 underground, and 4 mixed mines. Total coal production for Q2FY26 was 15.75 million tonnes, with open-cast mines contributing 97.87% and underground mines 2.13%. In FY25, production reached 40.50 million tonnes, with open-cast mines accounting for 97.19% and underground mines 2.81%, highlighting its continued focus on both opencast and underground mining operations.
• As of Q2FY26, it operated 5 coal washeries aimed at reducing ash content in coking coal, enhancing its suitability for the steel industry. Additionally, 3 washeries with a combined capacity of 7 million tonnes per year are under development to strengthen washed coal output, aligning with the Ministry of Coal’s initiatives and the Atma-Nirbhar Bharat vision to bolster domestic energy security by reducing coal imports.
• As of Q2FY26, it has installed and commissioned 26.97 MW of solar power capacity, comprising 6.97 MWp rooftop projects and 20 MW of ground-mounted installations across multiple locations. In parallel, it remains focused on ecological restoration and reclamation of mined-out areas to promote biodiversity and develop green spaces, in alignment with India’s Net Zero 2070 commitment.
• It reported revenue from operations of ₹13,083.26 crore in FY25, broadly flat compared with ₹13,161.10 crore in FY24. Profit after tax declined by 20.7% to ₹1,240.19 crore from ₹1,564.46 crore in FY24. In H1FY26, revenue from operations stood at ₹5,260.29 crore, with profit after tax of ₹123.88 crore.
• Coal and iron ore form the foundation of India’s mineral wealth and are vital to industrial and economic growth, particularly for energy generation and steel manufacturing. In FY25, domestic coking coal demand stood at 67 MMT and is projected to reach 138 MMT by FY35. Despite an apparent supply surplus, limited steel usage persists due to inferior coal quality; however, coking coal demand from the steel sector is expected to rise steadily.

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Bharat Coking Coal Limited IPO Risk Factors:

• It faces intense competition from both direct and indirect domestic and international listed players, including Alpha Metallurgical Resources, Inc., Warrior Met Coal, Inc., NMDC, KIOCL, GMDC, MOIL, and OMDC. Competitive pressures from these peers may adversely affect its market share, revenue growth, and overall profitability.
• Volatility in commodity prices may adversely affect the company’s revenue and profitability. Additionally, unfavorable changes in government policies or regulatory frameworks could negatively impact operational performance, earnings stability, and overall financial outcomes.

Bharat Coking Coal Limited IPO Outlook:

BCCL is India’s largest coking coal producer, contributing approximately 58.5% of domestic output in FY25. Coal production increased from 30.51 million tonnes in FY22 to 40.50 million tonnes in FY25, registering a CAGR of 9.9%, reflecting strong operational performance. As on 1 April 2024, the company holds total geological resources of 14,865 MMT, out of which coking coal accounts for 7,910 MMT, positioning BCCL among the largest coking coal resource holders in India. As of Q2FY26, BCCL operates 34 mines and has commissioned 26.97 MW of solar capacity. The company reported revenue of ₹13,083.26 crore and profit after tax of ₹1,240.19 crore in FY25. At the upper price band of ₹23 per share, the issue is valued at a P/E multiple of 8.64x based on FY25 earnings, both on a pre-IPO and post-IPO basis. Considering the valuation dynamics and the above factors, we recommend applying to the issue for both listing gains and long-term investment horizon.

Bharat Coking Coal Limited IPO Financial Performance:

Bharat Coking Coal Limited IPO Shareholding Pattern:

Bharat Coking Coal Limited IPO FAQ:

Ans. The finalization of Basis of Allotment for Bharat Coking Coal IPO will be done on Wednesday, January 14, 2026, and the allotted shares will be credited to your demat account by Thu, Jan 15, 2026.

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