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Coal India gets nod to divest up to 25% stake held in MCL
Mar-24-2026

Coal India has received in-principle approval from its board for divestment of up to 25% of equity shares held by the company in Mahanadi Coalfields (MCL) through Offer for Sale (OFS), in one or more tranches, via Initial Public Offering (IPO) and/or other permissible market routes in the domestic market. 

The board at its meeting held on March 23, 2026 has approved the same. 

Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.

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