MAHANADI ISSUE
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.
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.
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.
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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.
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.
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.
Purple Style Labs IPO allotment likely today. Check status, GMP and listing outlook
The retail portion was subscribed 1.66 times, while the QIB portion, excluding anchor investors, was booked 1.5 times. The non-institutional investor category saw 0.89 times subscription. The company’s shares are expected to list on BSE and NSE on September 7. Refunds and credit of shares to demat accounts are likely on September 4.
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.
Odisha govt concerned about Mahanadi issue, held discussions with Chhattisgarh CM: Majhi
Odisha CM Mohan Charan Majhi is addressing the Mahanadi water dispute with Chhattisgarh and focusing on Bolangir's development. Discussions with Chhattisgarh CM have been held. Development projects worth Rs 890 crore, including an irrigation project benefiting 38,000 farmers, have been initiated. The state's MSP for paddy is increased with additional bonuses.
Mahanadi water row: Union minister blames Chhattisgarh government for blocking flow
The construction of barrages in the upper catchment areas carried out by the Raman Sigh-led govt has allegedly reduced the inflow of water into Odisha.
Row over Mahanadi: Would decide on notification, Centre to SC
A bench of Justices S A Bobde and L N Rao considered the statement made by the counsel of the Centre and posted the matter for hearing in the second week of December.
BYJD, BCJD to demonstrate against denial of special category status to Odisha
Activists of Biju Yuva Janata Dal (BYJD) and Biju Chhatra Janata Dal (BCJD) will stage protest demonstrations at all district headquarters across Odisha, said BCJD state president, Rana Pratap Patra.
Odisha government injecting fear among people on Mahanadi issue: Dharmendra Pradhan
He was speaking at a meeting held here on the occasion of Narendra Modi government's completion of three years in office in the presence of Union Minister M Venkaiah Naidu.
BJD holds four-hour strike in Odisha to pursue Mahanadi agitation
Naveen Patnaik’s BJD has since last fortnight raised the pitch of its Mahanadi campaign accusing Chhattisgarh of impeding the flow of the river upstream.
Mahanadi dispute can be resolved in minutes: Raman Singh
Singh, clarified that the purpose of his visit to Odisha is to clear the air of misunderstanding among the Odia people on the Mahanadi row.
Odisha seeks Tribunal for Mahanadi dispute
Odisha is objecting to Chhattisgarh building barrages over the Mahanadi that it claims will reduce water downstream in Odisha.
Congress blames Naveen Patnaik for Mahanadi river water dispute
Slamming Chhattisgarh for unilaterally building projects on the upstream of the river, Mishra said, "Odisha should approach the Centre for setting up a tribunal."
Move SC to resolve Mahanadi issue, CPI(M) asks Naveen Patnaik
Though CPI(M) was critical of the Odisha government for raising the issue at the later stage of construction by the Chhattisgarh government, it fully supported the state.
Centre tries to resolve Mahanadi issue but Naveen Patnaik unhappy
Patnaik said he wanted Chhattisgarh to immediately stop work on its barrages but his demand was not accepted at the meeting which was also attended by his counterpart Raman Singh.
Will sit with Odisha and resolve Mahanadi issue: Chhattisgarh CM Raman Singh
"In the interest of transparency and mutual understanding, I have directed irrigation department to share all information with Odisha, which it has," said Singh.
Congress calls for tribunal if talks fail on Mahanadi river row
"If the exercise fails to reach an understanding to protect Odisha's interest, the state government should ask the Centre to constitute Mahanadi Water Dispute Tribunal as per provisions."
Uma Bharati invites Naveen, Raman to resolve Mahanadi issue
The delegation, led by Pradhan, expressed concerns over the developments taking place over Mahanadi issue and sought assurance from Bharati and Balyan.
Pranab Mukherjee urged to intervene in Mahanadi issue all non-BJD political parties in Odisha
The all party delegation also drew attention of the President to the dispute that Odisha was not consulted by the Central Water Commission.
Mahanadi pollution a cause of concern
With the Centre pushing to clean Ganga, public opinion is gaining momentum for the state government to take concrete steps to make the Mahanadi river system pollution-free.
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