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Coal India Clears Path for Subsidiary IPOs as Value-Unlocking Drive Gains Pace
Coal India has approved plans to list major subsidiaries, including MCL and SECL, supporting the government’s PSU value-unlocking strategy and boosting investor focus on upcoming IPOs.
Shares of moved into focus after the board gave in principle approval to list key subsidiaries, aligning with the government’s push to unlock PSU value. The Ministry of Coal has advised concrete steps toward listings of in the coming financial year, with approvals to be routed via DIPAM. MCL is the largest contributor to consolidated profits, SECL holds the biggest output reserves, and dominates coking coal with a 58% market share, underscoring investor interest.