Coal India Gets Approval to List Subsidiary SECL

Coal India Limited has received in-principle approval from its Board of Directors for the listing of its wholly-owned subsidiary, South Eastern Coalfields Limited (SECL). The approval comes following a directive from the Ministry of Coal and represents a significant step in the company's subsidiary listing strategy.

Ministry Directive and Board Response

The Ministry of Coal, through its Office Memorandum dated December 16, 2025, had advised Coal India to take concrete steps to ensure further listing of subsidiaries, specifically MCL and SECL, in the upcoming financial year. In response to this directive, the Coal India Board has accorded in-principle approval for SECL's listing through a circular resolution.

Parameter	Details
Subsidiary Name	South Eastern Coalfields Limited (SECL)
Ownership Status	Wholly-owned subsidiary
Approval Method	Circular resolution
Ministry Directive Date	December 16, 2025
Communication Date	December 23, 2025

Regulatory Process and Next Steps

The company has indicated that the in-principle approval will be communicated to the Ministry of Coal for onward submission to DIPAM (Department of Investment and Public Asset Management). This follows the established regulatory framework for public sector enterprise subsidiary listings.

The proposed listing of SECL remains subject to completion of various regulatory approvals, which is standard procedure for such corporate actions. The company has not specified a timeline for completing these regulatory requirements.

Strategic Context

The Ministry's directive encompasses both MCL and SECL subsidiaries, indicating a broader strategy for subsidiary listings within the Coal India group. This move aligns with the government's ongoing efforts to unlock value from public sector enterprises through strategic divestments and subsidiary listings.

Coal India Limited has formally communicated this development to both the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited as part of its regulatory disclosure obligations under Regulation 30.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.66%	+4.93%	+7.48%	+2.01%	+4.56%	+196.48%

Coal India Limited has received in-principle approval from its board for the listing of its wholly-owned subsidiary, Mahanadi Coalfields Limited (MCL). The approval comes in response to a directive from the Ministry of Coal and marks a significant step toward expanding the public listing of the company's subsidiary operations.

Ministry Directive and Board Response

The Ministry of Coal advised Coal India Limited to take concrete steps to ensure the listing of subsidiaries MCL and SECL in the upcoming financial year. In response to this directive, the Coal India Board granted in-principle approval for MCL's listing through a circular resolution.

Parameter	Details
Subsidiary Name	Mahanadi Coalfields Limited (MCL)
Ownership Status	Wholly-owned subsidiary
Approval Method	Circular resolution

Regulatory Process and Next Steps

The company has indicated that the approval will be communicated to the Ministry of Coal for onward submission to the Department of Investment and Public Asset Management (DIPAM). This follows the established regulatory framework for public sector enterprise listings and divestments.

The proposed listing of MCL remains subject to the completion of various regulatory approvals, as outlined in the company's communication to stock exchanges. This standard requirement ensures compliance with all necessary regulatory frameworks before proceeding with the actual listing process.

Subsidiary Listing Initiative

The directive encompasses not only MCL but also another subsidiary, SECL, indicating a broader initiative to list Coal India's subsidiary operations. This move aligns with the government's ongoing efforts to enhance market participation and potentially unlock value from public sector subsidiary companies.

The in-principle approval represents the initial formal step in what will likely be a comprehensive listing process involving multiple regulatory stages and approvals from various authorities.