Coal India Gets Approval for MCL Subsidiary Listing

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.79%	+0.34%	+11.88%	+12.59%	+18.19%	+192.47%

Coal India Limited has announced a significant management appointment, with its Chairman-cum-Managing Director B. Sairam taking on additional responsibilities at Northern Coalfields Limited (NCL). The appointment reflects the government's strategic approach to managing key positions within India's coal sector.

Management Appointment Details

The Ministry of Coal has entrusted the additional charge arrangement through its letter dated December 16, 2025. The appointment covers the position of Chairman-cum-Managing Director at Northern Coalfields Limited, adding to B. Sairam's existing responsibilities at Coal India Limited.

Parameter	Details
Appointee	Shri B. Sairam
Current Position	Chairman-cum-Managing Director, Coal India Limited
Additional Charge	Chairman-cum-Managing Director, Northern Coalfields Limited
Effective Date	December 16, 2025
Duration	Six months or until further notice

Terms and Conditions

The additional charge arrangement comes with specific terms outlined by the Ministry of Coal. The appointment will remain effective for a period of six months from December 16, 2025, or until the appointment of a regular incumbent to the position, or until further orders from the ministry, whichever occurs earliest.

This arrangement ensures continuity in leadership at Northern Coalfields Limited while the search for a permanent appointment continues. The dual responsibility structure allows for coordinated management across both organizations during the interim period.

Regulatory Compliance

Coal India Limited has notified the stock exchanges about this development in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. The company has informed both the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited about the management change.

The notification ensures transparency and keeps stakeholders informed about significant management developments that could impact the company's operations and governance structure.