Coal India initiates SECL listing process after board’s in-principle nod

Coal India Limited (CIL) on Tuesday, December 23, said its board has granted an in-principle approval for the listing of South Eastern Coalfields Limited (SECL), a wholly-owned subsidiary, in line with the government’s divestment roadmap.In an exchange filing, Coal India said the Ministry of Coal had, through an office memorandum dated December 16, 2025, advised the company to take concrete steps to facilitate the listing of subsidiaries Mahanadi Coalfields Limited (MCL) and SECL in the coming financial year.
Following this, Coal India’s board approved the in-principle listing of SECL through a circular resolution. The company said the decision will be communicated to the Ministry of Coal for onward submission to the Department of Investment and Public Asset Management (DIPAM).
The proposed listing is subject to the completion of various regulatory approvals, Coal India added.SECL is one of Coal India’s key producing subsidiaries and plays a significant role in the group’s overall coal output. Further details on the timing, structure and size of the potential listing were not disclosed.

Coal India Ltd’s revenue for the September quarter declined by 3.2% from the same quarter last year to ₹30,187 crore, its net profit for the period stood at ₹4,263 crore, down from ₹6,275 crore in the base quarter. EBITDA for the quarter decreased by 22% to ₹6,716 crore and the EBITDA margin for the quarter narrowed by 580 basis points from last year to 22.2%.

Shares of the company ended 3.73% higher at ₹400.65 apiece ahead of the announcement on Tuesday. The stock has gained 7.54% in the last one month.