BCCL Plans Expansion via Internal Funds Amid Strong IPO Debut and Steel Demand

Bharat Coking Coal Ltd (BCCL), a Coal India subsidiary, plans to fund its expansion and modernization entirely through internal cash flows despite its IPO being a pure offer-for-sale benefiting the parent company. BCCL expects annual profits exceeding ₹2,000 crore from FY27, enabling capital expenditure of about ₹1,000 crore yearly without external borrowing. The company aims to double coal washing capacity and increase coal output to 56 million tonnes by 2030, with growth linked to steel sector demand. Its shares have seen strong investor interest following a heavily oversubscribed IPO and positive market debut.