Coal India has received in-principle approval for the listing of Mahanadi Coalfields Limited (MCL), a wholly-owned subsidiary. This decision follows advice from the Ministry of Coal to pursue further listing of subsidiaries. The proposed listing is subject to completion of regulatory approvals. The move aims to enhance value and transparency, as Mahanadi Coalfields prepares for potential market debut in the upcoming financial year.
Mahanadi Coalfields Listing Approved
Coal India Limited (CIL) has obtained in-principle approval for the listing of its wholly-owned subsidiary, Mahanadi Coalfields Limited (MCL). This decision was made following the Ministry of Coal’s advice, as communicated in its Office Memorandum dated December 16, 2025.
Strategic Rationale
The listing of MCL aligns with the strategic objective of enhancing shareholder value and improving operational efficiency. The in-principle approval allows CIL to proceed with the necessary steps to facilitate the listing process, subject to regulatory requirements.
Next Steps
The proposed listing is contingent upon the completion of various regulatory approvals. Further updates will be communicated to MoC for onward submission to DIPAM. The CIL board has accorded its approval through circular resolution. The listing is planned for the upcoming financial year.
Source: BSE
