MAHANADI
Mahanadi Coalfields files RHP for proposed IPO worth nearly Rs 9,500 crore
Mahanadi Coalfields Ltd has filed its Red Herring Prospectus for an initial public offering with regulatory bodies. This IPO features an offer for sale of roughly 66.18 crore equity shares from Coal India, amounting to a 10 percent stake in the subsidiary MCL. The intended capital raise is around Rs 9,500 crore, with the final execution reliant on regulatory approval and market conditions.
Mahanadi Coalfields IPO may open next week, issue size pegged at Rs 10,000 crore
Mahanadi Coalfields, a subsidiary of Coal India, is set to launch its initial public offering next week. The IPO will open on November 19 and close on November 23, with an expected size of ₹10,000 crore. Coal India intends to divest up to 10% of its stake through this offering. The company has also received approval from the Securities and Exchange Board of India for the IPO.
NSE shares rise 2%, recover 20% from record low in less than a month. Why Motilal Oswal sees 19% upside
NSE shares hit a record high of Rs 1,965, recovering 20% from their recent low. Motilal Oswal initiated coverage with a Buy rating and a target price of Rs 2,300, citing structural growth opportunities, market leadership and improving earnings prospects.
Stocks in news: Cochin Shipyard, Kalyan Jewellers, MRF, Coal India, BHEL and Bajaj Finance
Indian markets are set to resume trading after the Diwali holiday, with investors tracking key stocks such as Cochin Shipyard, Kalyan Jewellers, MRF, Coal India, BHEL and Bajaj Finance amid Q2 earnings and corporate developments. Nifty faces immediate resistance at 25,150–25,200.
Another billion-dollar IPO: After Jio and NSE, what should investors know about Mahanadi Coalfields?
Mahanadi Coalfields is gearing up for a potential $1 billion IPO that could value Coal India's subsidiary at up to $10 billion. With Sebi clearance secured and investor meetings underway, the offering could be among India's biggest public issues. Here's what investors should know about the company's operations, financial performance, IPO structure, key customers and growth prospects.
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Sebi approves 6 IPOs including Mahanadi Coalfields, Veritas Finance and Sagar Defence. Check details
Sebi has granted approval for initial public offerings from six companies across various sectors. Companies like Mahanadi Coalfields and Sagar Defence Engineering are set to enter the stock market soon. The IPOs include both offers for sale and fresh issue components to raise significant funds. These approvals come amid increasing investor interest in diverse industries such as defence and pharmaceuticals.
Gas hunt: RIL, ONGC, BP may share $1-billion infra facility
The shared infrastructure, under the $1-billion plan, model aims to reduce development costs, eliminate standalone facilities for smaller discoveries and improve operational efficiency and commercial viability.
Lenskart shares rally over 10% as strong Q2 triggers target price hikes. What are Jefferies and Morgan Stanley saying?
Lenskart shares surged over 10% after the company reported a 122.1% year-on-year rise in consolidated profit to Rs 227.08 crore for the September quarter. Strong Q2 results prompted brokerages Jefferies, Morgan Stanley and Motilal Oswal to raise their target prices, citing robust revenue growth, margin expansion opportunities, competitive advantages and the company's long-term growth prospects.
Sebi approves Coal India unit Mahanadi Coalfields IPO
Coal India's Mahanadi Coalfields has just secured approval for an upcoming IPO, set to launch soon. This offering will potentially sell 661.8 million shares, which is equivalent to a 10% equity stake. As a vital player in India’s coal sector, the IPO anticipates raising $1 billion, thus valuing the unit at a remarkable $10 billion. The market's appetite for significant IPOs continues to grow, reflecting a dynamic investment landscape.
Forget solar and wind: India bets on heat buried deep underground for round-the-clock clean electricity; here's the big plan
India is stepping up efforts to tap its estimated 10.6 GW geothermal energy potential, with its first two geothermal wells commissioned in Ladakh's Puga Valley in July 2026. The government is also supporting pilot projects across Gujarat, Arunachal Pradesh and Telangana, while its 2025 National Geothermal Energy Policy aims to promote research, technology development and private investment in the sector.
Coal India said to plan $1 billion MCL IPO as soon as this month
Coal India is preparing a $1 billion IPO of its subsidiary Mahanadi Coalfields, potentially launching in late November or early December 2026. The offer will involve a 10% stake sale by the parent, valuing MCL at up to $10 billion. MCL contributed 22.4% of India's non-coking coal production in FY26.
Coal India shares jump 4% after firm records highest-ever monthly coal supplies in October
Coal India shares jumped more than 4% after the state-run miner reported record monthly coal production and supplies in October. Total supplies crossed 70 million tonnes for the first time, while deliveries to the power sector reached an all-time high of 57.1 million tonnes.
Will Rs 5 lakh crore bet on Jio open floodgates for India's mega IPOs?
Jio Platforms' recent IPO generated considerable public enthusiasm, showcasing a notable appetite for large-scale offerings among investors. This wave of interest could prompt other firms to accelerate their IPO plans. Experts suggest that the viability of future IPOs will hinge on prevailing market trends and investor mood. Additionally, the significant funds from Jio's IPO will soon be redirected into various investment avenues, potentially bolstering upcoming offerings and shaping pricing strategies.
UNESCO adds three Indian sites to Tentative List, from Andaman volcanoes to Chhattisgarh’s Sirpur: What makes them significant?
UNESCO has added three Indian properties to its World Heritage Tentative List: the Karst-mud-volcano Complex of Baratang, the Andaman Subduction Volcanoes and the Sirpur Cultural and Archaeological Landscape. Located in the Andaman and Nicobar Islands and Chhattisgarh, the sites represent India’s geological diversity and archaeological heritage. Tentative-list inclusion is a preliminary step, not final World Heritage recognition.
Govt to bankroll half the cost of deepwater wells, but wants its money back from winners
The Indian government is initiating the Samudra Manthan scheme to encourage deepwater exploration for hydrocarbons. This scheme will provide financial assistance up to 50 percent of the costs for exploratory wells. Eligible wells will have a cost cap, and only state-run firms can apply for funding. The government expects repayment only if successful oil or gas is discovered during the exploration.
Government extends deepwater drilling support to previously awarded blocks
The Indian government will provide financial support under the Samudra Manthan scheme for deepwater drilling activities. Recently issued guidelines extend this support to previously awarded Open Acreage Licensing Policy and Discovered Small Field blocks. Additionally, the financial assistance covers seismic surveys and a portion of exploratory well costs. Recovery of government funding will begin after commercial production or upon recovering 50% of costs.
Govt sets rules for Rs 84,084-cr offshore oil hunt, will share deepwater drilling risk
The Indian government will implement the Samudra Manthan scheme to encourage deepwater oil and gas exploration. Funding will cover part of the drilling costs for exploratory wells to enhance oil reserves. The initiative aims to reduce dependence on imported hydrocarbons while stimulating investment in offshore basins. Shared infrastructure support will also aid in connecting small discoveries for production.
Darjeeling toy train joyrides ferry 12,000 passengers, earn Rs 1.41 crore in 3 weeks
Darjeeling Himalayan Railway reported record passenger numbers during the first three weeks of October. The heritage railway generated significant revenue from joyride services offered to tourists. Special joyrides were introduced to facilitate the increased tourist numbers and enhance their experiences. Both steam and diesel locomotives operate on selected routes, showcasing the scenic beauty of Darjeeling. This initiative caters to the growing interest in heritage train journeys among visitors.
Stocks in news: Titan, HCL Tech, Adani Ports and Utkarsh SFB
Indian equities extended their recovery on Tuesday, driven by positive global cues and corporate updates. The Nifty 50 index closed at 22,714.80, marking a gain of 195.05 points. Several companies, including Titan Company and HCLTech, reported encouraging business developments that are likely to impact their stock performance. Technical analysts suggest that the Nifty will remain constructive if it stays above 22,600.
IPO Rush: Over 50 firms file DRHPs ahead of Sebi deadline
September 2025 marked a significant increase in Draft Red Herring Prospectuses submitted to Sebi with 55 submissions. Companies with a March 31 fiscal year end rushed to file before the September 30 deadline. Failing to meet this deadline could complicate their IPO plans, requiring updated audits and due diligence. The IPO market has surged since July, recovering from previous delays in activity.
Missed the NSE IPO? Here are 5 of the largest issues in the pipeline to keep on your radar
For those who missed out on the National Stock Exchange IPO, there's a silver lining: several major public offerings are on the horizon! Set to accumulate a staggering Rs 4.27 lakh crore, companies such as Jio Platforms and PhonePe are readying their IPOs. With some firms already greenlit by Sebi while others await approval, the market's robust activity suggests a ripe environment for upcoming public offerings and eager investors.
Engineers India lands $450-million Dangote deal for mega Kenya refinery
The contract underscores India's growing role as an engineering and technical-services exporter to Africa's energy sector, deepening commercial ties between New Delhi and one of the continent's most influential industrial groups. For Dangote, the plant is intended to cut East Africa's reliance on imported refined fuel, bolster regional energy security, and create additional volumes for export to global markets.
Stocks in news: ONGC, Lloyds Metals, Canara Bank, Rays of Belief and GRSE
Indian stock markets closed higher on Monday, with the Nifty 50 and BSE Sensex gaining points. Several companies, including ONGC and Canara Bank, are expected to be active on Tuesday. ONGC announced a gas discovery in the Mahanadi Offshore Basin, while Canara Bank received a rating from Moody’s. Lloyds Metals and Energy approved capacity expansion, and Suryoday Small Finance Bank plans to raise funds.
NHAI standardises 4/6-lane high-speed roads: New rules will change lane widths, exits & safety measures for highway drivers
NHAI has introduced new guidelines for upcoming access-controlled high-speed National Highways to standardise design, improve road safety and enable smoother traffic movement. The framework covers four- and six-lane Greenfield and Brownfield corridors, with lane configuration and road width linked to traffic volumes. It also includes provisions for safer exits and entries, interchanges connecting key destinations, and one-metre-high boundary walls to prevent unauthorised access and stray cattle from entering high-speed corridors.
Gas found near Odisha coast: ONGC strikes Mahanadi deepwater well under Samudra Manthan, finds encouraging flow at 1,450 metres
Gas found near Odisha coast: ONGC has discovered gas in a deepwater exploration well in the Mahanadi Offshore Basin, around 43 km from Konark off the Odisha coast. The discovery, made under the Samudra Manthan deepwater exploration campaign, encountered gas at a depth of 1,441–1,452 metres, with ONGC reporting "encouraging flow and reservoir pressure". The find is subject to further appraisal and commercial evaluation, while its proximity to the coast and potential use of shared infrastructure could support development if commercial viability is established.
Odisha plans 'Silicon Valley' near Cuttack, offers 25% extra capex support for chip projects: CM Majhi
Odisha plans a new "Silicon Valley" near Cuttack to attract chip industry investments. The state will offer additional fiscal support for supply chain projects. Discussions are ongoing with several international companies for semiconductor investments. Existing projects are under construction and expansion plans are being explored.
GPT Infraprojects shares surge 9% after securing Rs 484 crore railway order from RVNL
GPT Infraprojects shares rallied nearly 9% after the company secured a major railway bridge order from RVNL. The contract strengthened its order book to Rs 4,992 crore, while FY27 order inflows reached Rs 818 crore.
Stocks in news: Tata Group, Wipro, BEL, HAL, Petronet LNG and Bharat Forge
Indian equity benchmarks exhibited a mixed performance on Thursday, September 17, amid ongoing volatility. The Nifty 50 index experienced a modest increase, while the Sensex noted a slight decrease. Corporate developments drew attention to Tata Group firms and Wipro, with Bharat Electronics securing fresh orders and Petronet LNG initiating discussions for a joint venture. Other notable advancements came from HAL and Bharat Forge.
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