Bharat Coking Coal IPO Upcoming
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About Bharat Coking Coal
Incorporated in 1972, Bharat Coking Coal (BCCL) is a wholly-owned subsidiary of Coal India and the largest producer of coking coal in India, accounting for 58.50% of domestic production in Fiscal 2025. The company operates 32 mines across Jharia and Raniganj coalfields, with an estimated coking coal reserve of 7,910 million tonnes as of April 1, 2024. BCCL serves key industries such as steel and power through opencast and underground mining, coal washeries, and renewable energy initiatives. Its scale, resource base, and operational expertise position it as a critical contributor to India’s energy and industrial sectors.
Financials of Bharat Coking Coal
*All figures are in ₹ Crores.
Strengths
- 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
Risks
- Dependence on coal reserves in Jharia and Raniganj poses long-term resource risk.
- Limited vendor base may disrupt service continuity and operations.
- Reliance on third-party contractors increases cost variability and service quality risks.
- Strategic dependence on Coal India Limited may affect operational alignment and stability.
- High power and fuel needs expose operations to energy supply disruptions.