MCL

The move follows the listings of BCCL in January and CMPDI in March 2026; Coal India is considering around 25 per cent equity dilution in MCL and SECL

Coal India Ltd (CIL) Chairman and Managing Director B Sairam on Monday said the initial public offerings (IPOs) of two of its largest subsidiaries, South Eastern Coalfields Ltd (SECL) and Mahanadi Coalfields Ltd (MCL), will be completed within the current financial year. Responding to questions from shareholders and stakeholders during an interaction, Sairam said the exact timeline would depend on market conditions and government directives. "... regarding the IPO of SECL and Mahanadi Coalfields Limited. We plan to complete the IPO by the year-end positively. Its IPO will be completed in this current financial year only. The exact month and date will depend upon the market conditions and the government directives, etc," Sairam said. CIL's board had in March this year accorded in-principle approval for divestment of up to 25 per cent equity stake each in SECL and MCL through an offer for sale (OFS), along with issuance of fresh equity shares by SECL of up to 10 per cent of its ...

Odisha has approved 14 projects across 10 districts, spanning food processing, textiles, chemicals, electronics and steel, with potential to create 14,104 jobs

The SECL was holding the top position till FY21. Its output, however, dropped to 142.5 mt in FY22, only to be overtaken by MCL with coal production of 168.2 mt

Visitors to the park can also avail the opportunity of having a first hand experience of an underground mine

Coal India arm MCL is in the process of diversifying into power generation and will set up a coal-based plant entailing an investment of around Rs 12,000 crore in Odisha, its chairman-cum-managing director O P Singh said. Mahanadi Coalfields Ltd (MCL) also has plans to diversify into aluminium business. "We are into process of diversifying into power generation... The power purchase agreement is in the process of getting finalised with a few states," Singh told reporters here. The subsidiary has applied to the government for coal linkage for the proposed 1,600-mw coal-fired power plant and the allotment is yet to be done, Singh said. The government is also advising the company to go for diversification "so they are definitely with us", Singh explained. Singh further said that MCL has plans to foray into aluminum business and the company is in the process of getting bauxite block allotted to it. The tentative size of the mine would be three million tonnes per annum. Bauxite is

State-owned CIL on Tuesday said that its arm MCL supplied 143.4 million tonnes of coal till December in the current fiscal, the highest among all the subsidiaries of the coal behemoth. Mahanadi Coalfields Ltd's (MCL) supplies accounted for 28.2 per cent of the total off-take of 507.8 million tonnes from Coal India Ltd (CIL). "MCL's growth curve has been phenomenal in FY23 in terms of production and supplies, the highest among all our subsidiaries," a senior executive of CIL was quoted as saying in a statement and added "this helped us in pushing up our overall output and off-take". MCL's coal off-take peaked to 146.12 million tonnes (MTs) on January 5, overtaking the total supplies that the company registered for full year of FY21. This achievement was attained 85 days before the current financial year comes to an end. MCL's supplies ending FY21 were 146 MTs. Against the contracted quantity of 81.5 MT to its customers in the power sector, the actual supply from MCL was 102.7 MT t

The Odisha-based miner dispatched 176.17 mt of coal to its consumers, with a 21 per cent growth over the previous year, MCL chairman-cum-managing director Om Prakash Singh said

The Mahanadi Coalfields Limited (MCL) has crossed 157 million tonne (MT) in coal production in the financial year of 2021-22, to become the leading coal producing company in the country

CIL arm Mahanadi Coalfields Ltd said it has offered 22.5 lakh tonnes of coal to power consumers via the road-cum-rail mode

The statement assumes significance in the wake of the country's power plants grappling with coal shortages.

MCL, a subsidiary of Coal India Ltd, on Friday said it has posted a record production of 148.01 million tonne

MCLincurred production losses due to intermittent work stoppages and unavailability of land for expansion

MCL has contributed 48% to CIL's net profit of Rs 14,000 crore for FY17

May miss coal output target this fiscal due to operational bottlenecks

The company has plans to set up total five coal washeries in the state and aims to contribute 250 million tonnes of coal

To reach the targeted production of 250 million tonne by 2020

MCL's gross turnover in 2015-16 at Rs 19,053.15 crore is 21% higher than previous year

By producing a record 138 mt of dry fuel in the financial year.