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Mahanadi Coalfields’ IPO gets govt nod

Economic Times   Mahanadi Coalfields   Mahanadi Coalfields  

The government has approved the listing and disinvestment of Mahanadi Coalfields , a wholly owned subsidiary of Coal India. The proposal, which received clearance from the boards of both companies, was sanctioned by the Alternative Mechanism after being placed before it by the Ministry of Coal and the Department of Investment and Public Asset Management (DIPAM).Founded in 1992, Mahanadi Coalfields has operations in Odisha. Coal India intends to dilute up to 25% of its stake in the subsidiary. The fundraising and disinvestment processes may be conducted via simultaneous or separate tranches, using an offer-for-sale alongside other regulatory-approved routes such as follow-on public offerings and qualified institutional placements.

For FY25, MCL had reported about INR 26,962 Cr in Operating Income and about INR 10,823 Cr in PAT.