Event Details

The 55th Annual General Meeting of Bharat Coking Coal Limited was held on Friday, 07th August 2026 at 10:00 A.M through VC/OAVM and concluded at 12:19 PM.

AGM Resolutions

Seven proposals were considered and approved:

Ordinary Business (First Three Proposals):

1. Adoption of Standalone Audited Financial Statements for FY ended March 31, 2026, including Balance Sheet, Statement of Profit & Loss, and Reports of Board of Directors, Statutory Auditor and Comptroller and Auditor General of India

2. Appointment of director in place of Shri Murlikrishna Ramaiah [DIN-10061115], Director (HR) who retires by rotation

3. Appointment of director in place of Shri Sanoj Kumar Jha [DIN-11100701], Part Time official Director (Govt. Nominee Director) who retires by rotation

Special Business (Four Proposals - Ordinary Resolutions):

4. Ratification of remuneration of Cost Auditors for FY 2025-26 of ₹17,60,000 (excluding out of pocket expenses and applicable taxes) as approved by Board of Directors in 418th Board Meeting (13.09.2025) and 443rd Board Meeting (04.07.2026)

5. Ratification of appointment of M/s Mahata Agarwal & Associates, Practising Company Secretaries (Firm Registration Number Unique No. P2021WB088100 & P.R. No. 5663/2024) as Secretarial Auditor for 5 consecutive years from April 1, 2025 to March 31, 2030

6. Appointment of Shri Rajesh Kumar (DIN-11537673) as Director effective 10.02.2026 as per Ministry of Coal letter No. 21/24/2024-ESTABLISHMENT dated 10th February 2026

7. Appointment of Rajeev Kumar Sinha (DIN-11363113) as Director effective 01.05.2026 as per Ministry of Coal letter No. 21/25/2025-ESTABLISHMENT dated 27th April 2026

Voting Process

BCCL provided remote e-voting facilities through NSDL from 04th August, 2026 to 06th August, 2026. Results of remote e-voting would be clubbed with e-voting at AGM and declared within two working days from conclusion of AGM. Results will be communicated to Stock Exchanges and uploaded on BCCL's website (www.bcclweb.in), RTA's website (www.kfintech.com), and NSDL's website (www.evoting.nsdl.com).

Financial Performance FY 2025-26

  • Raw coal production: 35.52 million tonnes
  • Overall coal offtake: 33.06 million tonnes
  • Washed coking coal production: 1.62 million tonnes
  • Profit After Tax: ₹128.28 crore (compared to ₹1,240.19 crore in previous year)
  • Decline in profitability attributed to lower production and offtake, increased operational costs, and other business factors

Operational Challenges

Company operated in challenging business environment marked by difficult geological conditions, unprecedented rainfall, operational constraints in underground mines, and lower coal demand from certain sectors.

Strategic Initiatives

Technology Modernization:

  • Significant progress in implementing advanced mining technologies including Longwall, Highwall Mining and Continuous Miner technology
  • Successful surface compatibility test of XV Seam Longwall at Moonidih Project completed
  • Reopening discontinued underground mines through Mine Developer and Operator (MDO) model
  • Production commenced from PB Project

Washery Expansion:

  • Commercial operation of new 2.0 MTPA Bhojudih Coal Washery
  • Construction progress on 2.5 MTPA Patherdih-II Washery
  • Revamping of Moonidih Washery to enhance capacity and efficiency
  • Advancement of railway siding infrastructure for efficient evacuation
  • First-ever monetisation of 2.0 MTPA Dugda Coal Washery under National Monetisation Pipeline through long-term Washery Development & Operations Agreement

Infrastructure Development:

  • Progress in Maheshpur Rapid Loading System and railway siding project
  • Investments in weighbridges, digital surveillance systems, Integrated Command and Control Centres
  • Enterprise-wide digital solutions implementation

Safety Management

  • 106 emergency mock rehearsals conducted across BCCL mines in FY 2025-26
  • Strengthened safety management framework through periodic review of Safety Management Plans (SMPs)
  • Implementation of Principal Hazard Management Plans (PHMPs) and Trigger Action Response Plans (TARPs)
  • Regular safety audits and risk-based Standard Operating Procedures
  • Continuous monitoring by Internal Safety Organisation (ISO)
  • Technology for real-time monitoring of safety parameters in opencast mines

Digital Transformation

  • Expanded use of AI-enabled surveillance systems
  • SAP-based workflow automation
  • ERP enhancements
  • Online employee services
  • Real-time operational monitoring systems

Sustainability Initiatives

  • Rooftop and ground-mounted solar power projects
  • LED lighting and energy-efficient equipment expansion
  • Gold Award for Environmental Excellence at Green Enviro Awards 2025
  • Diamond Award for Environment Excellence (Mining Sector) at Green Enviro Environment Awards 2026

Corporate Social Responsibility

  • Exceeded mandated CSR expenditure during FY 2025-26
  • Interventions in education, healthcare, skill development, women empowerment, environmental sustainability, sanitation, drinking water, rural infrastructure
  • Greentech Gold Award in Skill Development and Promotion of Education categories

Corporate Governance Milestones

  • Successful launch of Company's Initial Public Offering (IPO) and subsequent listing on stock exchanges
  • 'Reputation of Integrity' Award by Ministry of Coal for excellence in Rajbhasha implementation
  • Certificate of Appreciation under Special Campaign 5.0 for cleanliness, space optimisation, record management

Innovation and Growth

  • Advancement of Coal Bed Methane (CBM) projects
  • Geological exploration initiatives
  • Modernization initiatives for improved recovery from existing assets
  • New mining projects and capacity expansion initiatives