Coal India Board Approves SECL And MCL IPO Plans

28 Mar 2026 CW Team

Coal India Limited (CIL) has secured in?principle approval from its board for the partial disinvestment and prospective listing of its two largest subsidiaries, South Eastern Coalfields Limited (SECL) and Mahanadi Coalfields Limited (MCL), following a board meeting on 23 March 2026. The Maharatna public sector undertaking has signalled a strategic shift to unlock latent value from core assets and to sharpen the market focus on individual operating units.

Under the SECL plan the board approved an offer for sale of up to 25 per cent of CIL equity in the subsidiary and authorised SECL to issue fresh equity shares of up to 10 per cent of its post?issue capital. The combined route is intended to provide an exit for the parent while raising growth capital for SECL and enabling a clearer valuation of standalone operations.

For MCL the board cleared an offer for sale of up to 25 per cent of equity as part of a similar listing strategy. MCL has recently crossed 200 million (mn) tonnes (t) of annual production and stands as the top profit contributor among CIL subsidiaries, which reinforces the case for separate market recognition.

Market participants expect the separate listings to trigger a sum?of?the?parts re?rating that may lift Coal India’s consolidated valuation by allowing investors to value high performing assets independently. Coal India shares were trading near Rs 475 and the dividend yield continued to be a meaningful attribute for income?seeking investors amid this strategic development.

The approvals will be forwarded to the Ministry of Coal and the Department of Investment and Public Asset Management for final clearance and the filing of draft red herring prospectuses will provide precise valuation details. Investors and analysts will monitor the DRHP filings and timetable closely as the disinvestment plan progresses and the market digests the likely impact on parent and subsidiary capital structures.

Resources

17 Apr 2026

Origen Realty appoints Poulomi Ray as CMO

Origen Realty has appointed Poulomi Ray as Chief Marketing Officer, strengthening its leadership team as it advances its growth and brand strategy. Poulomi Ray brings nearly two decades of experience in brand building and marketing across real estate and hospitality sectors, with prior roles at Signature Global, DLF Limited, Paras Buildtech, MGM International and Hilton. In her new role, she will lead marketing and brand direction at Origen Realty, focusing on visibility, differentiation and market engagement as the company progresses its integrated development plans in Gurugram. Commenting..

Haver & Boecker Niagara to showcase solutions at Hillhead

Haver & Boecker Niagara will showcase its mineral processing technologies at Hillhead 2026, scheduled from June 23–25 in Buxton, UK.At Stand PA3, the company will present its end-to-end solutions including screeners, screen media and advanced diagnostics, with a focus on improving efficiency, uptime and throughput for aggregates producers.Highlighting its screen media portfolio, the company will feature Ty-Wire media with hybrid design offering up to 80 per cent more open area, alongside FLEX-MAT® solutions designed to enhance wear life and throughput while reducing blinding and cloggin..

CREDAI-MCHI meets Maharashtra Revenue Minister on issues

Navin’s, a Chennai-based real estate developer, has won the 17th CIDC Vishwakarma Award 2026 for its residential project Navin’s Hanging Gardens located on Arcot Road, Valasaravakkam. The award was presented by the Construction Industry Development Council (CIDC) under the category of Best Construction Projects, recognising the development’s achievement in innovation, design excellence and sustainability.The award was received by Chandrasekar PN, General Manager, Technical, Navin’s, at the ceremony held in New Delhi.Inspired by the legendary Hanging Gardens of Babylon, the project has ..