Coal India Subsidiaries MCL, SECL Listing Approved; BCCL IPO Nears

Coal India's board has approved the in-principle listing of two major subsidiaries, Mahanadi Coalfields (MCL) and South Eastern Coalfields (SECL), on Dalal Street. This follows the anticipated ₹1,300 crore IPO of another arm, Bharat Coking Coal (BCCL). The announcements led to a 3% surge in Coal India's stock.

• Coal India's board approved listings for MCL and SECL subsidiaries.
• Move follows Ministry of Coal's directive for PSU value unlocking.
• BCCL's ₹1,300 crore IPO is expected to launch within two weeks.
• Coal India's stock jumped 3% on the news, extending recent gains.
• Proposed listings aim to boost India's 2026 IPO market and shareholder value.

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