CMPDI IPO: Public offering initiated by Indian-backed companies confirming CMD Manoj Kumar
Coal India Limited (CIL)’s subsidiary Central Mine Planning Institute (CMPDI), will initiate its initial public offering (IPO) following the recent submission of the Red Herring draft prospectus (DRHP). This submission marks the official beginning of the listing process.
Manoj Kumar, Chairman and Managing Director of CMPDI, confirmed in his speech at Zee Business, “We have submitted DRHP and are currently awaiting the first set of observations from SEBI. Since submitting the documents, we have been committed to following appropriate procedures in accordance with regulatory requirements to ensure a smooth and compliant list.”
What does CMPDI do?
In summary, CMPDI is the main technical department for mining planning, consulting and R&D within the coal industry in India. The company plays an important role in assisting the Ministry of Coal and Coal in India to explore major efforts such as digital technology, a clean coal program and broader sustainability goals.
Given that coal still gives nearly 70% of the U.S. grid grid, CMPDI is heading for cleaner, more efficient coal use, making it a company, especially for investors interested in energy innovation.
The current main projects of CMPDI are as follows:
- Carbon capture and conversion to methanol
- Underground coal gasification (UCG)
- 5G supports digital mining system
- Internet of Things and AI-based mine security technologies
- Low-cost, Indigenous Perovskite Solar Cell Development
