Coal India Approves up to 25% OFS in SECL, Plans Fresh 10% Equity Issue

Coal India has approved the disinvestment of up to 25% of its stake in subsidiary South Eastern Coalfields through a combination of an offer for sale and a fresh equity issue, , the company said in a release.

The board has also cleared a fresh issuance of equity shares of up to 10% of SECL's post-issue paid-up capital through an initial public offering or other permitted routes in the domestic market. Both moves are approved in principle, the release added.

The company said the transaction may be carried out in one or more tranches, subject to applicable regulations.
Coal India had earlier granted in-principle approval for listing of SECL on December 23, 2025.

The proposal will now be sent to the Ministry of Coal for onward submission to DIPAM. The listing and disinvestment remain subject to regulatory approvals and completion of required formalities.