New Delhi: State planning and design of coal mines in India Ltd filed a proposal to the red -ecule for its initial public offer.
India coal, parent, plans to interpret 71. 4 million stock shares in the company, the coal miner was reported in regulatory filing with the Indian Council for Securities and Exchange. The filing is subject to valid approval, market conditions and other relevant considerations, she said.
Planning and design of the coal mine India (CMPDI), consulting firm in the area of coal mining, would not receive any revenues from the offer, as the IPO would only include shares from its parent who currently owns 100%, showed the proposal of the prospectus.
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CPMDI, which was incorporated on 1 November 1975, was upgraded in 2019 by CPMDI to Miniratna (category I).
“With nearly five decades of experience and publishing more than 320 project reports over the last decade, we have always adapted to changing landscapes, integrate advanced technologies and procedures that increase operating efficiency and safety. Cross -country skiing.
As of March 31, she operated seven regional institutes in key coal -producing states, including Madhya Pradesh, Chhattisgarh, Odisha and West Bengal, making project management and cooperation with local mining operations.
India Coal and its subsidiary companies are its largest clients who include about 67% of its annual income.
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In the middle of the growing demand for critical minerals in India and abroad, CMPDI said it aims to use its experience in the coal industry to strategically diversify into the mineral sector.
“The estimated market for consulting in the area of mining was in terms of value £25 701 million ( £2 570.1 crore) in the fiscal year 2024 and is expected to grow £40 071 million ( £4 007.1 crore) from the fiscal year 2030, with 6 -year -old Cagr 7.7%, ”he said, quoting data from Crisil Ltd.
“We intend to expand our services and include comprehensive consulting services for exploration and development of minerals without storage such as lithium, nickel, cobalt, copper, iron ore, bauxite and manganese.
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Coal India has previously announced that they will report two of their subsidiaries: CMPDI and Bharat Coking Coal Ltd. In addition to advice, stroke is examined by minerals, environmental management and engineering services.
K 31. March, its total assets stood £2 682.8 Crore, according to its scrub. In FY25 was his net profit £666.9 crore, 32.5% compared to the previous fiscal. Its total income in the last fiscal case was £2 177.5 crore, year -on -year 23% higher.
(Tagstotranslate) Planning and design of coal mines India
