CMPDI IPO: Coal India-backed firm to launch public issue, confirms CMD Manoj Kumar
Given that coal still powers nearly 70 per cent of the nation's electricity grid, CMPDI’s push toward cleaner and more efficient coal use makes it a company to watch - especially for investors interested in energy innovation.
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07:48 PM IST
The Central Mine Planning & Design Institute (CMPDI), a subsidiary of Coal India Limited (CIL), is set to launch its initial public offering (IPO) following its recent submission of the Draft Red Herring Prospectus (DRHP). This submission marks the formal beginning of the listing process.
Speaking to Zee Business, CMPDI Chairman and Managing Director Manoj Kumar confirmed this stating “We have submitted the DRHP and are currently awaiting the first set of observations from SEBI. Since the filing has been done, we are committed to following the due process as per regulatory requirements to ensure a smooth and compliant listing.”
What does CMPDI do?
Ranchi-headquartered, CMPDI acts as the main technical arm for mine planning, consulting, and R&D within India’s coal industry. The company plays a vital role in assisting both Coal India and the Ministry of Coal with major efforts like exploration, the adoption of digital technologies in mining, clean coal initiatives, and broader sustainability goals.
Given that coal still powers nearly 70 per cent of the nation's electricity grid, CMPDI’s push toward cleaner and more efficient coal use makes it a company to watch - especially for investors interested in energy innovation.
The current major projects of CMPDI are as follows:
- Carbon capture and conversion of CO₂ to methanol
- Underground Coal Gasification (UCG)
- 5G-enabled digital mining systems
- IoT and AI-based mine safety technologies
- Development of low-cost, indigenous perovskite solar cells
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