Coal India Plans 25% Stake Divestment in South Eastern Coalfields Through IPO

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Coal India to divest 25% stake in SECL via IPO, approves ₹3,160 cr guarantee for solar project

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CNBC TV18•23-03-2026, 23:39

Coal India to divest 25% stake in SECL via IPO, approves ₹3,160 cr guarantee for solar project

•Coal India Ltd (CIL) granted in-principle approval to divest up to 25% equity in South Eastern Coalfields Ltd (SECL) through an Offer for Sale (OFS).
•SECL will also issue fresh equity shares up to 10% of its post-issue paid-up capital, with the stake sale conducted via IPO or other domestic market routes.
•The move follows an earlier in-principle approval for SECL's listing and is subject to regulatory approvals.
•CIL approved a 100% corporate guarantee of up to ₹3,160 crore for its subsidiary, CIL Rajasthan Akshay Urja Ltd (CRAUL), for an 875 MW solar power project.
•CRAUL is a joint venture where CIL holds 74% and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) holds 26%.

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