Bharat Coking Coal

Corrects bids received from institutional buyers to $25 billion from $2.5 billion in paragraph 5

By Vivek Kumar M

July 16 (Reuters) - India's SBI Funds Management drew bids worth 3 trillion Indian rupees ($31.14 billion), making the asset manager's $1.03 billion initial public offering (IPO) the country's fourth-most-subscribed issue.

The subscription numbers include $278.5 million raised from anchor investors, including BlackRock and sovereign wealth funds from Singapore, Abu Dhabi, and Norway.

The IPO, which closed on Thursday, marked a strong comeback for India's primary market after a subdued first half of the year. India is expected to see a busy pipeline of public offerings in the second half of the year, with mega listings from Reliance Jio and National Stock Exchange expected before the end of 2026.

SBI Funds Management, a joint venture between the country's largest lender State Bank of India (SBI) SBI.NS and Europe's biggest asset manager Amundi AMUN.PA, is India's largest asset manager, overseeing funds worth 12.5 trillion rupees ($131 billion) as of March 2026.

The demand for SBI Funds Management's shares was led by institutional investors, who bid for $25 billion worth of shares, 140 times the number of shares on offer for them, exchange data showed.

The portion set aside for retail investors and SBI's shareholders was subscribed 3.6 times and 9.5 times, respectively.

The stock is expected to begin trading on July 21.

SBI Funds' IPO stands behind public offerings of Reliance Power RPOL.NS, LG Electronics India LGEL.NS, and Bajaj Housing Finance BAJO.NS, in terms of quantum of bids received, data from PRIME Database showed.

The asset manager is well placed to capitalise on its market leadership, strong distribution network and robust profitability, analysts at Aditya Birla Money said in a note dated July 14.

So far this year, India has seen IPOs worth nearly $4 billion, sharply below last year's $21.8 billion. However, the activity is expected to pick up in the second half of 2026, with 251 companies planning to raise 4.93 trillion rupees ($51.7 billion) in the pipeline, as per PRIME Database.

"Heavy bidding (for SBI Funds IPO) signals that investors are willing to commit fresh capital to quality franchises, which can help revive sentiment for the upcoming (IPO) pipeline," said Dhiraj Relli, managing director and chief executive officer at HDFC Securities.

($1 = 96.3450 Indian rupees)

(Reporting by Vivek Kumar M; Editing by Alexandra Hudson)

(([email protected];))

July 6 (Reuters) - Bharat Coking Coal Ltd BARC.NS:

• BHARAT COKING COAL - APPROVES DEPOSIT OF 398.3 MILLION RUPEES TOWARDS ARREARS WITH REGISTRAR GENERAL OF HIGH COURT

• BHARAT COKING COAL - OVERALL FINANCIAL INVOLVEMENT ASSESSED AT 481.1 MILLION RUPEES

Source text: ID:nBSE4bKnz8

Further company coverage: BARC.NS

(([email protected];;))

July 1 (Reuters) - Bharat Coking Coal Ltd BARC.NS:

• BHARAT COKING COAL - JUNE 2026 COKING COAL PRODUCTION DOWN 12.5% TO 2.17 MILLION TONNES

Source text: ID:nBSE8xrdxz

Further company coverage: BARC.NS

(([email protected];))

Bharat Coking Coal Ltd, a subsidiary of Coal India, has handed over its 2 million tonne per annum Dugda Coal Washery to JSW Steel Limited in what it calls the first-ever monetisation of a coal washery in India. The formal site handover occurred on June 17, 2026, at BCCL's headquarters in Dhanbad. The initiative, conducted under the guidance of the Ministry of Coal, aims to modernise coal sector assets through private sector participation. The washery is expected to boost coal beneficiation capacity, improve the quality of domestic washed coking coal, and support the government's Mission Coking Coal by reducing reliance on imports. The deal is anticipated to enhance supply chain efficiency, create employment opportunities, and spur industrial growth in Jharkhand and surrounding regions.

Powered by Tijori

Updates throughout

By Vivek Kumar M

June 10 (Reuters) - CMR Green Technologies' CMRG.NS stock surged nearly 40% on Wednesday, making it India's second-biggest listing pop so far this year, as investors bet on the aluminium recycler's market dominance.

The listing is also India's first on the main stock exchanges in about a month, as uncertainty triggered by the Iran war rattled investors and stalled primary market fundraises in Asia's third-largest economy.

The stock was up 31.8% at 253 rupees on the National Stock Exchange of India at 10:10 a.m. IST, valuing the company at $578 million.

It listed at 268 rupees, compared to the issue price of 192 rupees, the highest since Bharat Coking Coal's BARC.NS debut in January.

"After a long time, we have seen an IPO with strong investor interest. The valuations were at par with other listed peers and the company's dominance in aluminium recycling also helped boost investor traction," said Sunny Agrawal, head of fundamental equity research at SBICAPS Securities.

CMR, which operates 13 recycling facilities across India with a total capacity of 6,15,150 metric tons per annum, is the largest player in India.

Its rivals in the listed space include Gravita India GRAI.NS, Pondy Oxides and Chemicals PNDY.NS and Jain Resource Recycling JAIE.NS.

CMR received bids worth $6 billion last week for its $66 million initial public offering, which was a pure offer-for-sale in which existing investors and promoters offloaded their shares.

Ahead of the IPO, the company raised $19.7 million in an anchor round from investors including Citigroup, BNP Paribas, Bajaj Life Insurance, ICICI Prudential Mutual Fund and SBI Mutual Fund.

"Key monitorable for investors will be the hedging policy of the company in the current volatile price environment and ability to source aluminium scrap from domestic and international suppliers at an optimum cost," Agrawal said.

($1 = 95.4200 Indian rupees)

(Reporting by Vivek Kumar M; Editing by Harikrishnan Nair and Sherry Jacob-Phillips)

(([email protected];))

June 5 (Reuters) - Bharat Coking Coal Ltd BARC.NS:

• BHARAT COKING COAL - APPROVES INTERIM MEASURES FOR FINANCIAL STRESS FROM BULK DIESEL PRICE INCREASE

• BHARAT COKING COAL - DIESEL PRICE VARIATION FOR ELIGIBLE CONTRACTORS TO BE COMPUTED WITH BULK DIESEL RATES

Source text: ID:nNSEc3Nl22

Further company coverage: BARC.NS

(([email protected];))

June 1 (Reuters) - Bharat Coking Coal Ltd BARC.NS:

• BHARAT COKING COAL LTD - MAY OFFTAKE DOWN 15.7% Y/Y

• BHARAT COKING COAL LTD- MAY PRODUCTION OF RAW COAL DOWN 25.5% YOY

Source text: ID:nBSE4T05Qj

Further company coverage: BARC.NS

(([email protected];))

May 27 (Reuters) - Bharat Coking Coal Ltd BARC.NS:

• BHARAT COKING COAL LTD - COMMENCES COMMERCIAL OPERATION OF 2.0 MTPA BHOJUDIH COAL WASHERY

Source text: ID:nBSE25ptst

Further company coverage: BARC.NS

(([email protected];))

April 30 (Reuters) - Bharat Coking Coal Ltd BARC.NS:

• BHARAT COKING COAL - REVISIONAL AUTHORITY DIRECTED STATE AUTHORITIES OF JHARKHAND NOT TO TAKE COERCIVE ACTION AGAINST CO

Source text: ID:nnAZN4STKEO

Further company coverage: BARC.NS

(([email protected];))

April 3 (Reuters) - Bharat Coking Coal Ltd BARC.NS:

• COAL MINING,DISPATCH WORK IN ABOCP MINE UNDER BLOCK-II ILLEGALLY STOPPED BY UNORGANISED PERSONS

Source text: ID:nBSE5Qkr1r

Further company coverage: BARC.NS

(([email protected];;))

April 1 (Reuters) - Bharat Coking Coal Ltd BARC.NS:

• BHARAT COKING COAL LTD - MARCH 2026 RAW COAL PRODUCTION AT 4.42 MILLION TONNES, UP 2.0% YOY

• BHARAT COKING COAL LTD - MARCH 2026 COKING COAL PRODUCTION AT 4.22 MILLION TONNES

Source text: ID:nBSE8RR7CH

Further company coverage: BARC.NS

(([email protected];))

March 19 (Reuters) - Bharat Coking Coal Ltd BARC.NS:

• TOTAL COAL BOOKING STOOD AT APPROXIMATELY 236,850 TONNES IN A SINGLE DAY

• DISCOUNTS RANGING 100-600 RUPEES PER TONNE OFFERED DURING E-AUCTION YESTERDAY

Source text: ID:nnAZN4SM56Z

Further company coverage: BARC.NS

(([email protected];;))

Adds details throughout

March 16 (Reuters) - Coal India's COAL.NS subsidiary, Central Mine Planning & Design Institute CENM.NS, has set a price band of 163 to 172 rupees per share for its 18.38-billion-rupee ($198.68 million) initial public offering, according to a newspaper advertisement.

The company, which provides consultancy and support services for coal and mineral exploration, is seeking a valuation of $1.33 billion at the upper end of the price band.

The IPO, which will be open for subscription from March 20 to March 24, comes as global markets face pressure from geopolitical tensions linked to a conflict in the Middle East .

Weak sentiment has also affected India's primary market, with seven of the 11 IPOs launched so far in 2026 listing below their initial issue prices.

Bharat Coking Coal BARC.NS, another subsidiary of Coal India, nearly doubled on its debut in January, supported by the strong backing of its parent company and robust demand for coking coal from steelmakers.

Central Mine Planning's IPO is entirely an offer for sale, with Coal India planning to offload up to 107.1 million shares.

The company reported a profit of 4.25 billion rupees for a nine-month period ended December 2025, up roughly 9% from year-ago period.

($1 = 92.5100 Indian rupees)

(Reporting by Vivek Kumar M; Editing by Sherry Jacob-Phillips)

(([email protected];))

March 2 (Reuters) - Bharat Coking Coal Ltd BARC.NS:

• RAJESH KUMAR APPOINTED AS CFO

Source text: ID:nBSE55zv6P

Further company coverage: BARC.NS

(([email protected];;))

Feb 13 (Reuters) - Bharat Coking Coal Ltd BARC.NS:

• APPROVED CASH DISCOUNT IN CASE OF RAW COAL TO BE BOOKED THROUGH RAIL MODE FOR E-AUCTIONS HELD TILL MARCH 2026

• CASH DISCOUNT OF 200 RUPEES PER TONNE FOR 20 OR MORE RAKES

Source text: ID:nnAZN4SGLQU

Further company coverage: BARC.NS

(([email protected];;))

** Shares of India's Bharat Coking Coal BARC.NS down 3.5% at 37 rupees

** India's top coking coal producer posted third-quarter loss of 228.8 million rupees ($2.53 million) vs a profit last year

** Co's quarterly sales decline 25% y/y

** Stock, which marked stellar market debut in January, has gaine 62.2%, compared with its IPO issue price of 23 rupees

($1 = 90.5025 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

Feb 3 (Reuters) - Bharat Coking Coal Ltd BARC.NS:

• DEC-QUARTER NET LOSS 228.8 MILLION RUPEES

• DEC-QUARTER SALES 25.85 BILLION RUPEES

Source text: ID:nBSEbHGs6L

Further company coverage: BARC.NS

(([email protected];;))

** Bharat Coking Coal BARC.NS and Coal India COAL.NS shares jump after India designates coking coal as a critical and strategic mineral

** BARC up nearly 2% and COAL rises about 1.4% to 37.88 rupees and 449.70 rupees, respectively

** Inclusion is expected to facilitate faster approvals and accelerate exploration and mining activities

** Currently, around 95% of coking coal requirements of the steel sector are met through imports - coal ministry

** COAL trading volume at 9.04 mln shares vs BARC at 52.45 mln shares as of 13:30 pm IST

** BARC down about 6% since debut on Jan 19, COAL up 11.3% so far in Jan

(Reporting by Surbhi Misra in Bengaluru)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

BENGALURU, Jan 19 - Shares of Bharat Coking Coal BARC.NS, India's top coking coal miner, debuted at a premium of 95.65% on Monday after its initial public offering drew bids worth $13 billion, making it one of the most heavily subscribed state-run IPOs in recent years.

The shares listed at 45 rupees on the National Stock Exchange of India, compared to the issue price of 23 rupees.

Bharat Coking Coal is a subsidiary of government-owned Coal India COAL.NS, one of the world's largest coal producers.

(Reporting by Urvi Dugar in Bengaluru; Editing by Janane Venkatraman)

(([email protected]; +91 9558725583;))

By Hritam Mukherjee and Neha Arora

BENGALURU/NEW DELHI, Jan 15 (Reuters) - Coal India COAL.NS is scouting partnership opportunities in rare-earth mining across Australia, Russia, Argentina, Chile and several African countries, a top executive of its coking coal-focussed unit said on Thursday, as New Delhi looks to reduce reliance on China-dominated supply chains.

The move comes after top producer China expanded export curbs on rare-earth minerals late last year, threatening operations in sectors from autos to electronics that depend on the critical materials.

"In our country and in foreign countries also, we are going to invest; we are going to explore; we are also collaborating with other companies for rare earth metals. It is in the starting stage," Bharat Coking Coal Ltd BARC.NS Chairman and Managing Director Manoj Kumar Agarwal told Reuters in an interview.

Coal India is pursuing both overseas and local opportunities in this regard, and domestically aims to collaborate with state-run IREL, Khanij Bidesh India Ltd and Hindustan Copper HCPR.NS, Agarwal said.

The partnerships will be funded using proceeds from BCCL's $119 million initial public offering, which closed Tuesday after being oversubscribed nearly 147 times. The company, whose offering comprised only existing shares with no new issuance, is set to list Monday.

BCCL also plans to acquire coking coal mines in Australia and Russia within the next two to three years, Agarwal added.

The company aims to raise its coking coal production capacity to 56 million tonnes per annum by fiscal 2030, up from 40.5 MTPA at the end of fiscal 2025, he added.

Investors are betting BCCL will benefit from India's infrastructure push, which requires steel as a pivotal industrial raw material. Coking coal is a key steel-making ingredient.

(Reporting by Hritam Mukherjee in Bengaluru and Neha Arora in New Delhi; Editing by Tasim Zahid)

(([email protected]; X: @MukherjeeHritam;))