Coal India shares jump over 1% after in-principle nod for listing of MCL, SECL

Coal India share price: Shares of Coal India jumped 1.5% to their day’s high of Rs 406.75 on the BSE on Wednesday, December 24, after the company received in-principle approval from its board for the listing of two of its key subsidiaries, Mahanadi Coalfields Limited (MCL) and South Eastern Coalfields Limited (SECL).

The move follows directions from the Ministry of Coal, which had earlier asked the company to take steps towards listing its subsidiaries in the upcoming financial year.

According to a circular resolution passed by the CIL Board, the company has accorded in-principle approval for the listing of SECL. This development will now be formally communicated to the Ministry of Coal for onward submission to the Department of Investment and Public Asset Management (DIPAM).

The proposed listing, however, is subject to various regulatory approvals.

Sensex, Nifty today: Catch all the LIVE stock market action here

“Ministry of Coal, vide its Office Memorandum I/37811/2025 dated 16.12.2025, had advised CIL to take concrete steps to ensure further listing of subsidiaries, namely MCL and SECL, in the upcoming financial year. Accordingly, the CIL Board, through circular resolution, has accorded in-principle approval for the listing of Mahanadi Coalfields Limited (MCL) and the same shall be communicated to MoC for onward submission to DIPAM,” the company said in a filing to the stock exchanges.

The Ministry of Coal had earlier issued an Office Memorandum, advising CIL to take concrete measures to proceed with the listing of both MCL and SECL. On Tuesday, the shares of Coal India closed 3.6% higher at Rs 400.35 on the BSE.

Also read: Santa rally in sight? Nifty seen heading to 26,700 by January, Bank Nifty to 61,000: Dharmesh Shah

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