Coal India Limited (CIL) on Tuesday, December 23, announced that its board has granted in-principle approval for the listing of its wholly-owned subsidiary, South Eastern Coalfields Limited (SECL), in line with the government’s divestment plans.
In an exchange filing, the company said the Ministry of Coal, through an office memorandum dated December 16, 2025, directed CIL to take concrete steps to enable the listing of its subsidiaries, Mahanadi Coalfields Limited (MCL) and SECL, in the upcoming financial year.
Following this directive, CIL’s board approved SECL’s in-principle listing through a circular resolution. The decision will now be communicated to the Ministry of Coal for onward submission to the Department of Investment and Public Asset Management (DIPAM). The proposed listing will be subject to obtaining necessary regulatory approvals.
SECL is a key producing subsidiary of Coal India and contributes significantly to the group’s overall coal output. Details regarding the timing, structure, and size of the potential listing have not yet been disclosed.
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Coal India reported a 3.2% decline in revenue for the September quarter compared with the same period last year, with total revenue at ₹30,187 crore. Net profit for the quarter dropped to ₹4,263 crore from ₹6,275 crore in the previous year. EBITDA fell by 22% to ₹6,716 crore, while the EBITDA margin contracted by 580 basis points to 22.2%.
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Published on: Dec 24, 2025, 11:06 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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