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Wednesday, September 2, 2026 · UTC
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finance

Coal India Files IPO for Mahanadi Coalfields Subsidiary

Coal India filed for an IPO to sell a 10% stake in its Mahanadi Coalfields subsidiary.

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As of 2026-09-02 03:56 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.
Coal India filed documents on Monday to sell a 10% stake in its subsidiary Mahanadi Coalfields through an initial public offering. [1] Coal India share price jumped more than 4% in early deals on the BSE on Wednesday, September 2, defying weak market sentiment. [2] Coal India plans to sell up to 661.8 million shares in the offering, while Mahanadi Coalfields will not issue new shares and will not receive any proceeds from the sale. [3] Coal India, the world's largest coal producer, contributed about 74% of India's total coal production in fiscal 2026. [4] Mahanadi Coalfields operates mainly in the eastern state of Odisha and accounted for 21% of India's total domestic coal production and 28.4% of Coal India's total coal production in fiscal year 2026. [5] Coal India reported in an exchange filing after market hours on September 1 that it increased its total coal supplies to 60.60 million tonnes (MT) in August. [6] Coal India shares opened at ₹405.25 against a previous close of ₹402.50 and jumped 4.2% to an intraday high of ₹419.30. [7] The company stated that total coal supplies in August registered a 5.50% growth over the 57.40 MT supplied during the corresponding month last year. [8]
What this stands on
  1. Coal India filed documents on Monday to sell a 10% stake in its subsidiary Mahanadi Coalfields through an initial public offering. · Investing.com
  2. Coal India share price jumped more than 4% in early deals on the BSE on Wednesday, September 2, defying weak market sentiment. · mint
  3. Coal India plans to sell up to 661.8 million shares in the offering, while Mahanadi Coalfields will not issue new shares and will not receive any proceeds from the sale. · Investing.com
  4. Coal India, the world's largest coal producer, contributed about 74% of India's total coal production in fiscal 2026. · Investing.com
  5. Mahanadi Coalfields operates mainly in the eastern state of Odisha and accounted for 21% of India's total domestic coal production and 28.4% of Coal India's total coal production in fiscal year 2026. · Investing.com
  6. Coal India reported in an exchange filing after market hours on September 1 that it increased its total coal supplies to 60.60 million tonnes (MT) in August. · mint
  7. Coal India shares opened at ₹405.25 against a previous close of ₹402.50 and jumped 4.2% to an intraday high of ₹419.30. · mint
  8. The company stated that total coal supplies in August registered a 5.50% growth over the 57.40 MT supplied during the corresponding month last year. · mint
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