Coal India Clears In-Principle Listing of MCL and SECL

25 Dec 2025 CW Team

Coal India Ltd on December 23 said its board has granted in-principle approval to list two of its subsidiaries—Mahanadi Coalfields Limited (MCL) and South Eastern Coalfields Limited (SECL)—subject to requisite regulatory clearances.

The announcement follows a directive from the Ministry of Coal on December 16, which advised Coal India to take concrete steps to enable the listing of the two subsidiaries in the upcoming FY27. Coal India said the proposed listings will require approvals from multiple authorities before proceeding.

SECL, a Mini Ratna public sector enterprise, has received approvals for 73 major coal projects with an aggregate ultimate capacity of about 302.8 million tonnes per annum and sanctioned capital of roughly Rs 445.71 billion. Of these, 30 projects are under implementation, 38 have been completed, and five underground blocks are operating mines. The subsidiary produced about 167.5 million tonnes of coal in 2024–25, with reserves spread across Chhattisgarh and Madhya Pradesh.

Mahanadi Coalfields Limited was carved out of SECL in 1992 and is headquartered in Sambalpur, Odisha. The company was accorded Miniratna status in 2019.

Earlier in the day, Coal India shares rose nearly 4 per cent to close at Rs 400.65, after reports suggested an imminent IPO by another subsidiary. Bharat Coking Coal Limited (BCCL) is reportedly preparing to launch a public issue of about Rs 13.0 billion within the next two weeks. The proposed issue is expected to be a pure offer-for-sale, with Coal India planning to divest around 10 per cent of its equity stake.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..