2026-09-03

7.8 · India's Economic Momentum: Growth, Ratings, and Capital Flows

Man in orange turban sorting coal, working in urban marketplace with sacks and people visible.

Coal India Subsidiary Files IPO Plan: Is a Mining Giant Going Public?

🔔 IPO↺ from 3 Sept

Mahanadi Coalfields Ltd (MCL), a major subsidiary of the state-owned Coal India Ltd (CIL), has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO). This move signals that its parent company, Coal India, intends to offload a **10%** stake through the public markets.

Divestment→Primary Market→Energy Security

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