The choice was taken on the CIL board assembly held on Monday.
The proposed divestment and contemporary concern, aggregating as much as 35 per cent of SECL’s post-issue paid-up fairness capital, can be executed in a number of tranches within the home market.
“Additional, the Board of CIL, at its assembly held on 23.03.2026, has inter alia, accorded in-principle approval for divestment of as much as 25 per cent of fairness shares held by Coal India Restricted (CIL) in SECL via Supply for Sale (OFS), together with issuance of contemporary fairness shares of SECL aggregating as much as 10 per cent of the submit concern paid-up fairness share capital, in a number of tranches, via Preliminary Public Supply (IPO) and/or different permissible market routes within the home market,” Coal India mentioned in a submitting to BSE.
In a separate submitting, the corporate mentioned that the board granted in-principle approval for divesting as much as 25 per cent of its fairness stake in Mahanadi Coalfields Restricted (MCL) via Supply for Sale (OFS) in a number of tranches.
The divestment can be executed through Preliminary Public Providing (IPO) or different permissible market routes within the home market.
In one other submitting, the corporate mentioned that the CIL board additionally accepted the incorporation of an Intermediate Holding Firm (IHC) in Singapore to discover abroad alternatives in important minerals asset acquisition. SECL is amongst the very best coal-producing subsidiary firms of CIL. The coal mines of SECL are unfold throughout two states, particularly Chhattisgarh and Madhya Pradesh.
SECL operates 60 coal mines, of which 35 are in Chhattisgarh State, whereas the remaining 25 are in Madhya Pradesh. And of those 60 coal mines, 40 mines are labored by the underground technique of mining, whereas the remaining 20 are Opencast mines.
Coal India accounts for over 80 per cent of home coal manufacturing.
