Key facts
- The Mahanadi Coalfields IPO would comprise an offer for sale of up to 66.18 crore shares held by promoter Coal India, per the draft filing.
- Coal India's board approved selling up to 25% of Mahanadi Coalfields through an offer for sale on March 24, 2026.
- The government approved the Mahanadi Coalfields listing and disinvestment on May 15, 2026, per The Economic Times.
- Coal India reported H1 FY27 net profit of Rs 15,397 crore, up 19% from Rs 12,955 crore a year earlier, per its results.
- Coal offtake rose 8% to 384.20 MT in H1 FY27 while coal production fell 2% to 321.00 MT, per the results.
Key facts
- The Mahanadi Coalfields IPO would comprise an offer for sale of up to 66.18 crore shares held by promoter Coal India, per the draft filing.
- Coal India's board approved selling up to 25% of Mahanadi Coalfields through an offer for sale on March 24, 2026.
- The government approved the Mahanadi Coalfields listing and disinvestment on May 15, 2026, per The Economic Times.
- Coal India reported H1 FY27 net profit of Rs 15,397 crore, up 19% from Rs 12,955 crore a year earlier, per its results.
- Coal offtake rose 8% to 384.20 MT in H1 FY27 while coal production fell 2% to 321.00 MT, per the results.
Numbers
- $1 billion — size of the planned Mahanadi Coalfields IPO, per people familiar with the matter
- 66.18 crore shares — offer for sale by Coal India in the Mahanadi Coalfields IPO, per the draft filin
- 25% — maximum Coal India stake in Mahanadi Coalfields to be diluted, per the governmen
- Rs 15,397 crore — Coal India H1 FY27 net profit, per its results
- 19% — rise in Coal India H1 FY27 net profit from Rs 12,955 crore a year earlier
- 384.20 MT — Coal India coal offtake in H1 FY27, up 8%, per its results