BCCL Terminates Contract with Loyabad Coalfields Pvt Ltd for Loyabad Coal Mine Project

March 13, 2026: Bharat Coking Coal Limited (BCCL) has approved the termination of its contract agreement with Loyabad Coalfields Private Limited related to the re-opening, development, and operation of the Loyabad Coal Mine on a revenue-sharing basis.

The decision was taken during the Contract Finalisation Department (CFD) meeting held on March 13, 2026, according to a disclosure filed with stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The agreement with Loyabad Coalfields Pvt Ltd covered the re-opening, development, and operational management of the Loyabad coal mine, which was planned to be executed under a revenue-sharing model.

Following the termination, BCCL stated that the feasibility of the Loyabad mine will be reviewed, after which the company will determine the future course of action for the project.

Bharat Coking Coal Limited, a subsidiary of Coal India Limited, plays a key role in India’s coking coal production, primarily supporting the country’s steel manufacturing sector.

The disclosure was signed by Debanuj Debnath, Company Secretary and Compliance Officer of BCCL, and has been submitted to both BSE and NSE for regulatory compliance.

Industry observers note that the review of the mine’s feasibility could determine whether BCCL pursues alternative development models, revised partnerships, or operational restructuring for the Loyabad project.