Board Notes C&AG-Appointed Statutory Auditor for FY 2026-27 and Allows Washed Coking Coal Sale via CIL e-Auction

Board met on 26 Sep 2026 and approved two items.

Sat 26 Sep 2026

Statutory Auditor Appointment

H C O & CO. as Statutory Auditor for FY 2026-27

Washed Coking Coal Sale Price

5% over the Import Parity Price, with no upper cap

Volume Limit

Maximum of 18 rakes during Q3 and Q4 of FY 2026-27

Sale Channel

Washed MCC and Washed PCC under CIL e-Auction Scheme

Time Bound

Till conclusion of negotiation with SAIL for IPP, whichever is earlier

What was decided

The Board of Directors of Bharat Coking Coal Limited met on 26 September 2026 and approved two matters, disclosed under Regulation 30 of SEBI LODR.

Statutory Auditor

• The Board noted the appointment of H C O & CO. as Statutory Auditor for FY 2026-27.
• The appointment was communicated by the Comptroller & Auditor General (C&AG). For government-owned companies, the C&AG nominates the statutory auditor, and the Board records that nomination.

Washed Coking Coal under CIL e-Auction

• The Board allowed the sale of Washed MCC and Washed PCC from all washeries of BCCL under the CIL auction scheme.
• Pricing: 5% over the Import Parity Price (IPP), with no upper cap.
• Volume limit: a maximum of 18 rakes.
• Period: during Quarter-III and Quarter-IV of FY 2026-27, or till conclusion of negotiation with SAIL for IPP, whichever is earlier.

How to read this

Washed coking coal is coal processed at washeries to reduce ash, making it suitable for steel making. Selling it through the CIL e-auction route at a premium over import parity price opens an additional sales channel beyond linkage-based supply. Because there is no upper cap on the realised price, the final price depends on bidding in the auction. The arrangement is time-bound and volume-bound, and ends earlier if the price negotiation with SAIL is concluded.

Meeting timing

The Board meeting commenced at 13:30 Hrs and concluded at 15:30 Hrs.

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