Coal India Sets Stage For MCL IPO With Stake Sale And Fresh Fundraise

Ashik Bothra May 15, 2026 130 Views

Coal India is moving ahead with the IPO of Mahanadi Coalfields Limited (MCL), combining a stake sale and fresh equity issuance. The plan is aimed at unlocking value, raising capital, and bringing more transparency to one of its key subsidiaries in India’s coal sector.