Coal India Board Approves SECL Listing, Advances Government Divestment Plan

• Coal India's board granted in-principle approval for the listing of its wholly-owned subsidiary, South Eastern Coalfields Limited (SECL).
• The decision aligns with the government's divestment roadmap and follows advice from the Ministry of Coal.
• Mahanadi Coalfields Limited (MCL) was also advised for listing in the coming financial year.
• The proposed listing is subject to various regulatory approvals and will be communicated to DIPAM.
• Coal India reported a 3.2% decline in Q2 revenue to ₹30,187 crore and a 32% drop in net profit to ₹4,263 crore.

Why It Matters: Coal India moves to list SECL, supporting government divestment amidst mixed financial results.