Coal India Limited (CIL) has issued a clarification regarding news reports about Bharat Coking Coal Limited’s (BCCL) plans to diversify into rare earth metals. The company confirms that BCCL has issued an OFS and the entire proceeds from this will accrue to Coal India Limited (CIL), the holding company, as of January 12, 2026.
Response to Market Speculation
Recent media reports have suggested that Bharat Coking Coal Limited (BCCL) intends to diversify into rare earth metals. Coal India Limited (CIL) addresses these reports to clarify the financial arrangements.
Clarification on Proceeds
CIL clarifies that BCCL has issued an Offer for Sale (OFS), and the entirety of the funds generated from this OFS will be transferred to Coal India Limited (CIL), which acts as the holding company. This announcement was made on January 12, 2026.
Source: BSE
