SECL and MCL listings planned
Key Highlights
- Coal India plans to complete the IPOs of SECL and MCL within the current financial year.
- The company expects both listings to be completed by year-end, subject to market conditions.
- The board approved the divestment of up to 25 per cent equity in each subsidiary.
- MCL’s proposed public issue could be worth around ₹10,000 crore.
- SECL’s IPO is expected to be worth approximately ₹8,000-10,000 crore.
- The two subsidiaries account for around half of Coal India’s total production.
News Story
New Delhi, August 31, 2026: Coal India Ltd is targeting the completion of initial public offerings for two of its largest subsidiaries, South Eastern Coalfields Ltd and Mahanadi Coalfields Ltd, within the current financial year.
Coal India Chairman and Managing Director B. Sairam said the company plans to complete the proposed listings by the end of the year, although the final timing will depend on market conditions and government directives.
The company’s board had earlier granted in-principle approval for the divestment of up to a 25 per cent equity stake each in SECL and MCL through an offer for sale.
The plan also includes the issuance of fresh equity shares representing up to 10 per cent of SECL’s post-issue paid-up capital through the IPO route.
MCL’s proposed public issue is expected to be worth around ₹10,000 crore, although the final size and structure will be decided closer to the launch.
SECL’s IPO is also expected to be valued between ₹8,000 crore and ₹10,000 crore, according to market expectations.
SECL and MCL are among the largest coal-producing subsidiaries of Coal India and together account for approximately half of the company’s total output.
The proposed listings follow the public listings of two other Coal India subsidiaries, Central Mine Planning and Design Institute Ltd and Bharat Coking Coal Ltd, earlier this year.
The IPO plans are expected to further expand the number of listed subsidiaries within the Coal India group.
