Coal India Board Approves Listing of Mahanadi Coalfields, SECL

• Coal India's board gave in-principle approval for the listing of its subsidiaries Mahanadi Coalfields Limited (MCL) and South Eastern Coalfields Limited (SECL).
• The proposed listing is subject to numerous regulatory approvals and follows the Ministry of Coal's advice for FY2027.
• South Eastern Coalfields (SECL) is a Mini Ratna PSU with 73 approved coal projects and produced 16.75 crore tonnes in 2024-25.
• Mahanadi Coalfields Limited (MCL), also a Miniratna, was carved out of SECL in 1992 and is based in Sambalpur.
• Coal India shares jumped nearly 4 percent on reports of another subsidiary, Bharat Coking Coal (BCCL), planning a Rs 1,300-crore IPO.

Why It Matters: Coal India's board approved the in-principle listing of MCL and SECL, pending regulatory approvals.