Coal India Arms Listing Pushed; Government Plans Mahanadi IPO First
Eastern Coalfields, Eastern Coalfields and Central Coalfields are Coal India subsidiaries, but their listing will not occur in 2026-27. The government plans to list Mahanadi Coalfields first, then South Eastern Coalfields and NLC India Renewables, in that order, and will decide stake size in Mahanadi after market sentiment. South Eastern Coalfields reported INR 329.57 billion revenue and INR 47.55 billion profit, and has not filed SEBI papers yet. Coal India’s government stake is 61%.