MAHANADI COALFIELDS
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.
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.
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.
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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.
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.
Coal India arm Mahanadi Coalfields files IPO papers, plans OFS of up to 66 cr shares
Mahanadi Coalfields has filed its DRHP for an IPO comprising an OFS of up to 66.18 crore shares by promoter Coal India. The proposed listing will give investors direct exposure to one of India’s largest non-coking coal producers, backed by substantial reserves and established mining infrastructure.
Coal India output dips 5.7% in August, offtake rises 5.5%
Coal India's August production saw a 5.7 percent decrease compared to last year. However, the company's coal offtake rose by 5.5 percent during the same period. Cumulative output between April and August also declined by 4.5 percent. Supplies to the power sector grew, and non-power sector supplies increased. The company is preparing to ramp up production as the rainy season ends.
PM Office directs Coal India to list all subsidiaries by 2030
The Prime Minister's Office is pushing for improved governance at Coal India Limited. All subsidiaries of the state-run coal giant will be mapped and listed by 2030. This move aims to enhance transparency and unlock value. Bharat Coking Coal Ltd and Central Mine Planning & Design Institute Ltd are set for stock market listings by March 2026.
PESB makes no recommendation for top post at Mahanadi Coalfields after interviews
The board is the official head hunter for top posts at public sector companies and routinely holds interviews for recommending candidates at every public company. In case, it does not recommend anyone for a post, the decision to fill the post lies with the centre to take an appropriate route, however, the process of selection gets delayed by a few months.
Mahanadi Coalfields unions call strike against wage cut for previous strike
Mahanadi Coalfields’ decision to cut salaries was following a three-day strike from July 2 by workers to protest privatisation in coal mining. Almost 80% of its 22,000 workers participated in the strike following which they were served the salary deduction notice as its management found the strike illegal.
Coal min raises ex-gratia for fatal mine accidents by 3 times
The coal minister undertook an aerial survey and inspection of mining operations of Talcher Coalfields in Mahanadi Coalfields Limited in Odisha, which is the second biggest subsidiary of state-run company Coal India Limited (CIL), and contributes about 25% cent to the total coal production of CIL, an official statement said.
Mahanadi Coalfields loses Rs 5.18 crore in two days
On Monday, MCL suffered a Rs 2.68 crore loss over death of a goat.
Mahanadi coalfields loses 20 million tonne production due to strikes
Mahanadi Coalfields Ltd, one of the largest coal producing companies in the country, has lost about 20 million tonne of production so far this fiscal due to strikes and agitations at its mines.
Several C-Suites to fall vacant at Coal India
The Public Enterprises Selection Board recommends suitable candidates for top jobs in state firms. The body is currently interviewing candidates to fill vacant up posts.
Coal India advances after two subsidiaries okay buyback proposals
Shares of Coal India advanced over 1 per cent in an otherwise weak trading session on Monday after the world’s largest coal producer said two of its subsidiaries, Mahanadi Coalfields and Northern Coalfields, have approved plans for share buyback.
Rs 1,159.96 crore paid as land compensation by Coal India subsidiaries
Goyal said in all the subsidiaries of CIL, employment against land has been provided as per the R&R policy of CIL 2012, except in Mahanadi Coalfields.
CIL unit declares interim dividend of Rs 2,758 crore
The company said its another arm Central Coalfields has declared an interim dividend amounting to Rs 1,457 crore.
Mahanadi Coalfields crosses 100 million-tonne production mark
By December 28, 2015, MCL had dispatched 100 million tonnes of coal to consumers, primarily power companies, according to a company statement.
Coal India subsidiaries help it post double-digit sales growth at 9.2%
Central Coalfields, South Eastern Coalfields and Mahanadi Coalfields registered 13.3 per cent, 11.9 per cent and 12.6 per cent sales growth.
CIL's Odisha arm expects 35mt rise in offtake with new rail line
Production from Coal India’s Odisha-headquartered subsidiary Mahanadi Coalfields is likely to get a fillip as a critical rail link is expected to become functional in June next year.
Protestors block production at Mahanadi's Hingula fields demanding jobs
Production loss in the past 15 days of protest is pegged at 10,000 tonnes of coal per day, as man and machinery are sitting idle at Hingula.
Mahanadi Coalfields seeks relaxation in summer working rules
The non-activity for over four hours a day could hamper production, the company has argued, while also promising to stop work when summer peaks.
Coal India sacks 126 employees in Odisha
Talcher, India’s largest coalfield, accounts for about 60% of CIL output. About half of Mahanadi Coalfields’ employees have been recruited in lieu of land.
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