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Informist, Tuesday, Dec. 23, 2025

 

--Coal India board gives in-principle nod to list arm Mahanadi Coalfields

--Coal India board gives in-principle OK to list arm South Eastern Coalfields 

 

KOLKATA – Coal India Ltd. Tuesday said its board has approved in principle the plan to list its largest and second-largest coal-producing subsidiaries, Mahanadi Coalfields Ltd. and South Eastern Coalfields Ltd., respectively.

 

In a notice to the bourses, the world's largest coal miner said the board's decision will be submitted to the coal ministry, which controls Coal India's policies. The ministry will forward the communication to the Department of Investment and Public Asset Management, which controls public-sector divestment.

 

The Maharatna company did not specify the extent of divestment of promoter holding. The promoter entity, the president of India, holds 63.13% in Coal India. The remaining 36.87% stake is held by public entities and traded on the exchanges. However, Coal India fully owns the stake in all its subsidiaries, including the two chosen for listing. In public-sector entities, the government usually holds the stake in the president's name.

 

Coal India has already initiated the process of listing two other subsidiary companies--Bharat Coking Coal Ltd., its sole subsidiary focused on coking coal production, and Central Mine Planning and Design Institute Ltd., which focuses on mining and other technology and is considered the company's technological backbone.

 

In November, Mahanadi Coalfields had reported 2.1% year-on-year growth in sales to 17.9 million tonnes and 5.4% growth in production to 20.5 million tonnes. South Eastern Coalfields, which was previously hit by production and sales issues at some key mines, had reported 14.3% growth in sales to 15.6 million tonnes and 18.6% growth in production to 15.8 million tonnes. Incidentally, the latter had posted the highest sales and production growth among the company's eight coal-producing subsidiaries.

 

Bharat Coking Coal, however, had reported an 11.7?cline in sales on year to 2.9 million tonnes and 13.9?ll in production to 2.9 million tonnes in November.

 

For the September quarter, Coal India had reported a decline of over 31% on year in its consolidated net profit to INR 43.5 billion. The company's consolidated revenue had fallen 3.2% on year to INR 301.9 billion. Tuesday, shares of Coal India closed 3.7% higher at INR 400.40 on the National Stock Exchange.  End

 

Reported by Avishek Rakshit

Edited by Rajeev Pai

 

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