Coal India board gives approvals for listing of two more subsidiaries, Mahanadi Coalfields and South Eastern Coalfields

The Ministry of Coal, vide 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 upcoming financial year, CIL said in a stock exchange filing on Tuesday

The board of State-run Coal India has accorded in–principle approvals for listing of two more of its subsidiaries - Mahanadi Coalfields and South Eastern Coalfields - after the Coal Ministry directed the company to take concrete steps to ensure listing of these two coal producing arms.

The Ministry of Coal, vide its office memorandum 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 upcoming financial year, CIL said in a stock exchange filing on Tuesday.

“Accordingly, the CIL board through circular resolution has accorded in–principle approval for listing of Mahanadi Coalfields and the same shall be communicated to MoC (Ministry of Coal) for onward submission to DIPAM,” the company said.

In a separate stock exchange filing, the coal behemoth said its board has also accorded in–principle approval for listing of SECL. The proposed in-principle listings of these two wholly owned subsidiaries are subject to completion of various regulatory approvals.

Among CIL’s seven coal-producing subsidiaries, Mahanadi Coalfields and South Eastern Coalfields are the largest two in terms of outputs.

Notably, Central Mine Planning and Design Institute (CMPDI) and Bharat Coking Coal (BBCL), both subsidiaries of Coal India, had filed draft papers with capital market regulator SEBI for their proposed IPOs in May and June, respectively. Coal India is planning to sell upto 7.14 crore shares and upto 46.57 crore equity shares of CMPDI and BBCL, respectively. The proposed IPOs would be offers for sale with no fresh issues.

On Tuesday, Coal India’s stock rose 3.58 per cent to close at ₹400.35 apiece on BSE, after reports said BCCL is likely to hit the primary market with its proposed IPO within the next two weeks.

Published on December 23, 2025