Central Mine Planning & Design Institute Limited
LIC reduced its stake in Central Mine Planning & Design Institute from 2.39% to 2.09%, selling 21,23,630 shares.
Central Mine Planning & Design Institute Limited is a Mini Ratna Category I government enterprise providing end-to-end mining consultancy services across coal and mineral exploration, mine planning, design, and environmental monitoring. Established in 1974 and headquartered in Ranchi, Jharkhand, it operates as a fully owned subsidiary of Coal India Limited with seven regional institutes across India. The company holds approximately 61% market share in India's mining consultancy sector and employs around 900 technical professionals, serving major clients including NTPC, NMDC, and Tata Steel.
India's largest domestic institutional investor with over Rs 56 lakh crore in total AUM, of which roughly Rs 15 lakh crore sits in listed equities. Holds stakes in virtually every major listed Indian company. When LIC builds or exits a position, it moves markets. Government-owned and mandated to invest policyholder funds in Indian equities and bonds, making it the ultimate long-only, long-term India bull.