Coal India climbs for fifth straight session on reports of BCCL IPO plans

Coal India shares advanced nearly 4 percent on December 23, extending their winning streak to a fifth consecutive session as reports emerged that its subsidiary Bharat Coking Coal Limited may launch an initial public offering soon. Media reports indicated that the BCCL IPO could hit the markets within the next two weeks, boosting investor optimism around value unlocking. During the session, Coal India touched an intraday high of ₹400.60, trading close to its May 2025 peak of ₹417.25. The proposed listing of the Maharatna subsidiary is seen as part of the government’s broader strategy to monetise PSU assets through capital markets.