With its net-worth turning positive from August this year, Bharat Coking Coal Ltd claims that it is out of the purview of the Board for Industrial and Financial Reconstruction. BCCL is a subsidiary of Coal India Ltd.

According to a release issued by the company, BCCL has written to the chairman of the BIFR to remove it from its purview from August this year. It has also sought permission for a formal application for getting Miniratna status. Over the last three years, BCCL reported a cumulative profit of INR 3,500 crore after considering a waiver of INR 2,923 crore from Coal India Ltd. This led to marginal positive growth from August this year.

Source - The Hindu Business Line

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