State-run Coal India on Monday said it is planning to launch the proposed initial public offerings (IPOs) of South Eastern Coalfields and Mahanadi Coalfields in the current financial year and that the exact timing of the offers will depend upon the market conditions and the government directives.

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

“Regarding IPOs of South Eastern Coalfields and Mahanadi Coalfields, we plan to hold the IPOs by year-end positively. The IPOs will be completed within this current financial year only. The exact month and date will depend upon the market conditions and the government directives, etc,” Coal India Chairman and Managing Director B Sairam said while replying to the shareholders queries during the company’s annual general meeting.

The CIL board has accorded in principle approval for the listing of Mahanadi Coalfields and South Eastern Coalfields, Sairam told the shareholders during his speech.

Notably, the Department of Investment and Public Asset Management (DIPAM) earlier this year approved the proposal for the listing of Mahanadi Coalfields through a combination of fresh equity issuance and disinvestment by CIL through an offer for sale (OFS).

In the last financial year, Bharat Coking Coal (BCCL) and Central Mine Planning & Design Institute (CMPDI), two subsidiaries of Coal India, saw successful market debut.

“BCCL was listed on January 19, 2026, following an offer for sale of a 10 per cent stake, which received subscription of nearly 147 times. Central Mine Planning and Design Institute (CMPDI) was subsequently listed on March 30, 2026, following a 15 per cent stake sale. These listings actually mark an important step in unlocking value from our subsidiaries, broadening their access to the capital markets and strengthening Coal India’s position as a diversified listed public sector enterprise,” Sairam added.

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Published on August 31, 2026


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Shin John
Shin JohnYtv Market News
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