Govt plans listings for IIFCL, two Coal India units in FY27

The government aims to list India Infrastructure Finance Company Ltd (IIFCL) and two Coal India subsidiaries - Mahanadi Coalfields and South Eastern Coalfields - on stock exchanges within the current financial year.Mahanadi Coalfields has already filed its draft red herring prospectus, while IIFCL and South Eastern Coalfields are currently slated for listing.Founded in 2006, IIFCL is an infrastructure-focused non-banking financial company (NBFC) that provides long-term financial assistance to infrastructure projects. Mahanadi Coalfields and South Eastern Coalfields are primary operating units for Coal India, contributing a significant portion of the parent company's coal production and profits.Proceeds from the IIFCL initial public offering will accrue directly to the government, whereas proceeds from the stake sales in the two coal subsidiaries will be directed to Coal India.