State-run Coal India on Monday said it is planning to launch the proposed initial public offerings (IPOs) of South Eastern Coalfields and Mahanadi Coalfields in the current financial year and that the exact timing of the offers will depend upon the market conditions and the government directives.
Among CIL’s seven coal-producing subsidiaries, Mahanadi Coalfields (MCL) and South Eastern Coalfields (SECL) are the largest two in terms of outputs.
“Regarding IPOs of South Eastern Coalfields and Mahanadi Coalfields, we plan to hold the IPOs by year-end positively. The IPOs will be completed within this current financial year only. The exact month and date will depend upon the market conditions and the government directives, etc,” Coal India Chairman and Managing Director B Sairam said while replying to the shareholders queries during the company’s annual general meeting.
The CIL board has accorded in principle approval for the listing of Mahanadi Coalfields and South Eastern Coalfields, Sairam told the shareholders during his speech.
Notably, the Department of Investment and Public Asset Management (DIPAM) earlier this year approved the proposal for the listing of Mahanadi Coalfields through a combination of fresh equity issuance and disinvestment by CIL through an offer for sale (OFS).
In the last financial year, Bharat Coking Coal (BCCL) and Central Mine Planning & Design Institute (CMPDI), two subsidiaries of Coal India, saw successful market debut.
“BCCL was listed on January 19, 2026, following an offer for sale of a 10 per cent stake, which received subscription of nearly 147 times. Central Mine Planning and Design Institute (CMPDI) was subsequently listed on March 30, 2026, following a 15 per cent stake sale. These listings actually mark an important step in unlocking value from our subsidiaries, broadening their access to the capital markets and strengthening Coal India’s position as a diversified listed public sector enterprise,” Sairam added.
Coal India chairman said since its listing in 2010, the company has distributed around ₹1.88 lakh crore to its shareholders, reflecting its consistent commitment to sharing the value created by the coal behemoth. During the year, CIL also contributed around ₹10,272 crore to the Government of India by way of dividend.
On the operational front, Sairam said performance of CIL’s subsidiaries remained an important contributor to the group’s operating strength. “Mahanadi Coalfields remained the largest producer among our subsidiaries with 218.31 million tonnes of production (in FY26), closely followed by South Eastern Coalfields with 176.29 million tonnes and Northern Coalfields with 140.50 million tonnes. Central Coalfields produced 82.26 million tonnes, while Western Coalfields produced 63.03 million tonnes.”
The coal gasification initiative is a defining part of the diversification journey, taking Coal India beyond conventional coal production into higher-value industrial applications, the CMD said, adding alongside this, the company commissioned an additional 2 million tonne per annum coal washery at Bharat Coking Coal Limited, taking that subsidiary’s total washing capacity to 17.35 million tonnes per annum, and commenced production from its first revenue-sharing mine developer and operator project at the ASGKCC mine in Katras in Jharkhand.
“Your company secured the Kawalapur Rare Earth Elements (REE) Composite Licence Block in Maharashtra in January 2026, which has taken CIL’s total critical mineral blocks to five. Earlier this month, your company secured Gadadharpur iron ore block in Odisha, with an estimated resource of 288 million tonnes, marking Coal India’s first move into iron ore mining,” Sairam told shareholders.
Published on August 31, 2026
