Coal India Approves Divestment of Up to 25% Stake in Mahanadi Coalfields
Kolkata – Coal India Limited (CIL) announced on March 23, 2026, that its Board has granted in-principle approval for the divestment of up to 25% of its equity shares in Mahanadi Coalfields Limited (MCL), a wholly-owned subsidiary.The decision, reached during a board meeting on March 23, 2026, follows prior in-principle approval for the potential listing of MCL, initially communicated on December 23, 2025. The divestment will be executed through an Offer for Sale (OFS) in one or more tranches, utilizing options such as an Initial Public Offering (IPO) and other approved market avenues. The sales will adhere to the guidelines of the Securities and Exchange Board of India (SEBI) and the Securities Contracts (Regulation) Rules.
The approval is contingent on securing necessary regulatory approvals, favorable market conditions, and the completion of required formalities. CIL will inform the Ministry of Coal (MoC) for subsequent submission to the Department of Investment and Public Asset Management (DIPAM).
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