Coal India Limited’s board on Monday gave an in-principle approval to divest up to 35% stake in its subsidiary South Eastern Coalfields Limited (SECL). The board also approved up to a 25% stake sale in another wholly-owned subsidiary Mahanadi Coalfields Limited (MCL).

In a meeting held today, the board approved the divestment of up to 25% of equity shares held by CIL in SECL through an Offer for Sale (OFS), along with the issuance of fresh equity shares aggregating up to 10% of the post-issue paid-up equity share capital, in one or more tranches, through an Initial Public Offer (IPO) or through other permissible market routes.

The board of CIL also approved the divestment of a 25% stake in MCL via OFS in one or more tranches through an IPO or other permissible market routes in the domestic market.

The board had already approved their listing on the exchanges through separate circular resolutions of December 23, 2025.

The company said that it will communicate about its decision to the Ministry of Coal (MoC) for onward submission to DIPAM. The proposed listings will remain subject to the receipt of regulatory approvals.

SECL is amongst the highest coal producing subsidiary company of Coal India and its coal mines are spread across Chhattisgarh and Madhya Pradesh.
SECL operates 60 coal mines, of which 35 coal mines lies in Chhattisgarh State, while rest 25 coal mines are situated in Madhya Pradesh state. And of these 60 no of coal mines, 40 mines are worked by underground method of mining while rest 20 no of mines are opencast mines.Meanwhile, Mahanadi Coalfields is Miniratna company carved out of South Eastern Coalfields Limited in 1992 with its headquarters at Sambalpur.

Coal India shares today ended nearly 3% lower on the NSE at Rs 455.25.

The Nifty stock has outperformed its benchmark with returns of 12% over a 1-year period compared to approximately 4% fall in the heartbeat index.

Coal India shares are currently trading above their 50-day and 200-day simple moving averages (SMAs) of Rs 434 and Rs 399, respectively, according to Trendlyne data.

The state-owned company reported a 16% year-on-year (YoY) decline in its consolidated net profit at Rs 7,166 crore in the third quarter. The company has declared third interim dividend at Rs 5.5 per share for the financial year 2026. Revenue from operations in the December quarter fell 5% YoY to Rs 34,924 crore. This compares with Rs 36,858 crore in the last year quarter.

(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

Energy markets could see a sharp reversal if tensions ease in the Middle East, as officials say a diplomatic breakthrough could quickly restore critical oil flows.

U.S. Energy Secretary Chris Wright joined FOX Business’ Lauren Simonetti on “Varney & Co.” to discuss how a potential agreement with Iran could help reopen the Strait of Hormuz and stabilize prices after weeks of disruption.

Wright indicated that energy markets are closely tied to developments in the region, emphasizing how quickly conditions could shift if a deal is reached.

A STATE-BY-STATE LOOK AT GAS PRICES AS IRAN CONFLICT PUSHES OIL HIGHER

“They would go down quite a bit. If we see a pathway to have the Strait of Hormuz open soon and energy flowing again, you’d see energy prices drop pretty significantly,” Wright said.

The comments come as global markets react to constrained movement through one of the world’s most critical energy chokepoints, where even temporary disruptions have pushed fuel costs higher for consumers.

Wright suggested the path forward depends on whether Iran is willing to de-escalate and negotiate.

KEVIN O’LEARY FORECASTS GLOBAL POWER SHIFT IN STRAIT OF HORMUZ AS IRAN CONFLICT RATTLES OIL MARKETS

“That could happen if a peace agreement is reached… If Iran thinks enough is enough, and they’re willing to make a deal… Then there’ll be a deal,” Wright said.

For now, officials say short-term market volatility is expected as the situation continues to develop.

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Toyota 7203 -2.23%decrease; red down pointing triangle Motor will invest $1 billion in its Kentucky and Indiana manufacturing operations as part of the company’s pledge to invest up to $10 billion in the U.S.

The investment includes $800 million to prepare its Kentucky plant for Toyota’s second battery electric vehicle, as well as to increase capacity for Camry and RAV4 assembly lines, the Japanese automaker said Monday.

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TBC trades as CSP and Vital People

A recruitment firm with bases across the North and the Midlands has been taken over by acquisitive investor Meraki Capital in its fifth deal of the year so far.

Meraki Capital has acquired Chester-based TBC Recruitment, which trades as CSP and Vital People, for an undisclosed amount. It will move those companies into its Magnus Search brand, which it acquired last year.

Magnus is being built up through a series of acquisitions led by MD Bradley Wood. The new deal means it will have access to an £8 million funding facility.

TBC Recruitment specialises in recruitment in sectors including warehousing, food production, logistics, distribution and basic manufacturing. The business has 31 members of staff, all of whom will transfer to the firm’s new owners, and more than 650 temporary workers across its client base. CSP Rectuitment’s website lists contacts across the North and Midlands, including in Doncaster, Leicester, Nottingham and Tamworth.

TBC founder Jason Fox had been looking towards “semi-retirement” and that transition will continue under the group’s new ownership under its existing management team.

Nick Gordon, founder of Meraki Capital, said: “As with so many recruitment companies right now, the company has struggled to keep up with wage inflation, increased National Insurance costs and the broader rise in employment costs. This industry is at a precipice – these traditionally low-margin blue-collar recruiters are being hammered by this Government. But these great companies cannot just disappear, losing all these jobs with them.

“We see that TBC is fundamentally a strong business with a loyal client base and a highly experienced team. Bringing TBC under the Magnus brand allows us to provide the resources, technology and commercial support needed to help the business become profitable again and realise its full potential.”

Mr Fox said: “I’m really very pleased and excited for TBC’s next steps. We’ve worked hard and grown into a wonderful team. But my time is now to move away for the new talent to take over.

“Nick has offered me a solution in order to continue the business under new ownership without my team being affected. It’s an exciting future for them all, which I will watch from afar with great confidence and pride.”