Why Coking Coal Demand Stays Strong

Aastha Chopra of BTTV spoke to Mukesh Agrawal, Director Finance, and Manoj Kumar Agrawal, CMD of BCCL, on the company’s IPO and long-term growth strategy. The management said IPO proceeds will support diversification under Coal India’s broader diversification programme. As India’s largest coking coal producer, BCCL aims to scale production from 45.5 million tonnes to 54 million tonnes by 2030, aligned with rising steel production. They also mentioned, with reserves sufficient for nearly 100 years, the company sees no demand risk, as coking coal consumption remains directly linked to steel growth. Mr. Manoj expects profits of around ₹2,000 crore, amid strong demand and limited domestic supply.