The Coal Ministry, in view of its office memorandum dated December 16, advised Coal India to take steps to ensure further listing of subsidiaries, namely Mahanadi Coalfields Ltd and South Eastern Coalfields Ltd, in the coming financial year, CIL said in a stock exchange filing on Tuesday.
The Coal Ministry, in view of its office note dated December 16, advised Coal India to take steps to ensure further listing of subsidiaries, namely Mahanadi Coalfields Ltd (MCL) and South Eastern Coalfields Ltd (SECL), in the coming financial year, CIL said in a stock exchange filing on Tuesday.
“Accordingly, the CIL board through a circular resolution has granted in-principle approval for the listing of Mahanadi Coalfields and the same will be communicated to the MoC (Ministry of Coal) for further submission to DIPAM,” the company said.
In a separate exchange filing, the coal giant said its board has also given in-principle approval for SECL’s listing. The proposed in-principle listing of these two wholly owned subsidiaries is subject to the completion of various regulatory approvals.
Of CIL’s seven coal-producing subsidiaries, Mahanadi Coalfields and South Eastern Coalfields are the largest two in terms of output.
Notably, Central Mine Planning and Design Institute (CMPDI) and Bharat Coking Coal (BBCL), both subsidiaries of Coal India, had filed draft papers with capital markets regulator SEBI for their proposed IPOs in May and June respectively. Coal India plans to sell up to 7.14 crore shares and up to 46.57 crore shares of CMPDI and BBCL respectively. The proposed IPOs would be sales offerings without any new issues.
On Tuesday, shares of Coal India rose 3.58 per cent to ₹400.35 apiece on BSE after reports said BCCL is likely to hit the primary market within the next two weeks with its proposed IPO.
Published on December 23, 2025
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