Coal India Plans $1 Billion IPO for Mahanadi Coalfields
Coal India is preparing to launch a $1 billion initial public offering (IPO) for its subsidiary Mahanadi Coalfields (MCL) in late November or early December 2026. The parent company will sell a 10% stake, valuing MCL at up to $10 billion. MCL accounted for 22.4% of India's non-coking coal production in fiscal year 2026.
Economic Times·


