CMPDIL files for IPO; signs MoU with NALCO for Utkal coal project
Author: PPD Team Date: May 29, 2025
Central Mine Planning & Design Institute Limited (CMPDIL), a wholly owned subsidiary of Coal India Limited, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).
The IPO will be an offer for sale of up to 71.4 million equity shares by Coal India Limited.
Separately, on May 23, 2025, CMPDIL signed a memorandum of understanding (MoU) with National Aluminium Company Limited (NALCO) to provide independent engineering (IE) services for the Amalgamated Utkal D and E Coal Mining Project.
The Utkal D and E coal blocks are located in Angul district, Odisha, with a combined mining lease area of 825.01 hectares.