Coal India Board Clears Listing of Mahanadi Coalfields, South Eastern Coalfields.

The board of state-run Coal India Ltd (CIL) has granted in-principle approval for the listing of two more of its subsidiaries-Mahanadi Coalfields Ltd (MCL) and South Eastern Coalfields Ltd (SECL)—following directions from the Ministry of Coal to initiate concrete steps for their market debut.

In a stock exchange filing recently, Coal India said the Ministry of Coal, through an office memorandum dated December 16, had advised the company to ensure the further listing of its subsidiaries MCL and SECL in the upcoming financial year.

“Accordingly, the CIL board through circular resolution has accorded in-principle approval for listing of Mahanadi Coalfields and the same shall be communicated to the Ministry of Coal for onward submission to DIPAM,” the company said. The proposed listings are part of the government’s broader plan to unlock value in public sector enterprises and enhance market participation.