New Delhi, March 16 -- IPO-bound Central Mine Planning and Design Institute (CMPDI), the mining consultancy arm of Coal India Ltd, is betting on the state-run miner's ambitious production expansion to drive its own growth in the coming years, even as it looks to diversify into critical minerals and overseas projects.

The organization's relationship with Coal India should not be seen as a dependency but rather a "symbiotic" partnership that has evolved over the last five decades, said Chaudhari Shivraj Singh, chairman and managing director at CMPDI, told Mint.

"CMPDI has been with Coal India for nearly 50 years and has played a big role in bringing the company to its current scale. All exploration, mine planning and prioritisation of min...