Coal
Coal India unit CMPDIL files initial public offering
Draft papers dated on Monday show that Central Mine Planning and Design Institute Ltd. (CMPDIL), a subsidiary of state-run coal miner Coal India, filed for an IPO. Coal India announced last week that activities related to the listing of CMPDIL (Bharat Coking Coal Limited) and CMPDIL (CMPDIL) were "in progress". This was after a local newspaper, Hindu Businessline, reported citing a senior executive that Coal India would be filing IPO papers for its units "soon". Coal India still hasn't filed any public documents for BCCL. CMPDIL won't issue new shares for the offering. The draft prospectus revealed that Coal India...