Coal India Subsidiary MCL Files DRHP for 661.8M Share IPO

Date: September 2, 2026

Board Meeting Outcomes

Mahanadi Coalfields Limited (MCL), a wholly owned subsidiary of Coal India Limited, filed its draft red herring prospectus (DRHP) dated September 1, 2026 with SEBI, BSE and NSE.

The proposed Initial Public Offering comprises an Offer for Sale of up to 661,836,300 equity shares having a face value of ₹2 each, held by Coal India Limited.

The IPO remains subject to receipt of applicable approvals, prevailing market conditions, and other relevant considerations.