CIL approves IPO plans for SECL and MCL, up to 25% stake sale
Coal India Limited (CIL) has approved in-principle plans to list two of its subsidiaries, South Eastern Coalfields Limited (SECL) and Mahanadi Coalfields Limited (MCL), on domestic stock exchanges, with divestment of up to 25% equity in each through the Offer for Sale (OFS) route. The approvals were granted at CIL’s board meeting on March 23, 2026. Structure and approval process The two proposals differ in structure. SECL’s listing will include a fresh issue of equity…