MCL
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.
Lonzo Ball responds to retirement reports after nine NBA seasons and major knee issues
Lonzo Ball’s NBA future remains uncertain after years of serious knee problems, but the former No. 2 overall pick has not announced his retirement. During an episode of the Ball In the Family podcast, Ball reflected on his nine NBA seasons and said he had given everything he had to basketball. His comments prompted speculation that he was preparing to leave the league. Ball later rejected those reports on X, writing that he was still waiting for a call.
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.
Mahanadi Coalfields gets govt nod for IPO; Coal India to dilute up to 25% stake
The government approved the listing and disinvestment of Mahanadi Coalfields through an IPO, enabling Coal India to dilute up to 25% stake. MCL may raise fresh capital through multiple routes, marking another major PSU divestment initiative aimed at expanding investor participation in state-owned enterprises.
Coal India board okays SECL, MCL stake sale
Coal India's board has approved the divestment of up to 25% equity in SECL and MCL through an offer for sale. The company will also pursue an IPO for SECL, aiming to raise resources for diversification into clean energy and coal gasification projects.
- Go To Page 1
MCL to invest Rs 4.65 crore to support 30 startups in Odisha
Mahanadi Coalfields Limited (MCL) has signed a Memorandum of Understanding (MoU) with Foundation for Technology Business Incubator (FTBI) located at National Institute of Technology (NIT), Rourkela, for supporting startups in Odisha, an official statement said. As per the provision of the agreement, MCL will invest Rs 4.65 crore to promote startups in the next three years.
Uday A Kaole appointed chairman-cum-managing director of Coal India arm MCL
Kaole brings with him 36 years of rich technical and administrative experience in the coal mining sector. He has a long experience of working in challenging underground coal mines operations, as well as in the opencast mines, MCL said in a statement.
Mahanadi Coalfields to provide VR-based safety & operational training to 17,000 workforce
Mahanadi Coalfields Ltd (MCL), a subsidiary of Coal India Ltd, has introduced a Virtual Reality (VR)-based programme to provide safety and operational training to its 17,000 employees. The company has assigned a ₹6.5 crore budget to enhance the skills of coal miners. The programme will utilise 18 training modules using VR technology for departmental as well as contract employees.
MCL becomes the largest coal producing company in India
On March 12, 2022, the company produced 7.62 lakh tonne of dry fuel which is the highest in a day during the current financial year reaching 157.7 MT with a growth of around 16 per cent over the last financial year, the company release said.
Mahanadi Coalfields to set up 50-MW solar plant in Odisha
This project will reduce carbon dioxide emission by 91,020 tonnes per annum and carbon offsets of around 24,824 tonnes per annum, the public sector unit said in a release on Saturday. The Sambalpur-headquartered MCL has placed an order with a Chennai-based firm, which will establish this green energy project within 10 months.
Coal India arm MCL dispatches over 5.47 lakh tonnes of dry fuel
Mahanadi Coalfields said it has despatched the highest-ever 103 rakes of coal to the consumer.
Coal India arm provides 76.6% coal to power producers in current month
Coal India's arm Mahanadi Coalfields Limited (MCL) said that 76% of coal was provided to power producers on average in the current month amid reports of coal shortage.
CIL chairman lays foundation stone of MCL's Rs 285 crore FMC project
Designed by the MCL's Innovation Cell and the Department of E&T, the portal named "Vihangam" for remote monitoring was created by a Mumbai-based startup of drone manufacturing, robotics, and automation. This innovative initiative, which will enable the company to access real-time video through the internet and will pave the way for other allied potential use-cases of drones in mines.
Mahanadi Coalfields posts 42.6% growth in top soil removal
For the month, till May 25, MCL’s top soil removal registered a 53% growth at 12.95 million cubic metres compared to 8.46 million cubic metres during the previous corresponding period last year. Target achievement was 102%.
MCL signs MoU with BAIF for Rs 20-Cr CSR project in Odisha
The company will spend Rs 20.29 crore for the CSR project 'Utthaan' in the next five-and-half-a-year under this Memorandum of Understanding (MoU).
MCL signs MoU with ALIMCo for aids and appliances to disabled
People of Angul, Jharsuguda, Sambalpur and Sundargarh districts would benefit from the step taken under MCL's CSR programme, a company release said.
Centre gives nod to MCL's coal washery project in Odisha
MCL's coal washery proposal was taken up for discussion in the recent meeting of the Expert Appraisal Committee (EAC) set up under the Union Environment Ministry.
Mahanadi Coalfields Limited becomes No 1 coal producer of India in FY 2016
The year ended March 31, 2016, remained an eventful year for MCL as it has become the flagship subsidiary of CIL, it said.
Coal India's arm Mahanadi Coalfield produces record 138 MT in FY16
Fiscal ended March 31, remained an eventful year for MCL as it became the flagship subsidiary of CIL, it added.
Coal Secretary Anil Swarup appreciates Mahanadi Coalfields, eyes 250-million ton output by 2020
Anil Swarup appreciated the performance of Mahanadi Coalfields, even as he said the target is to hit the 250-million tonnes mark in the next five years.
Coal linkage delayed for MCL's Rs 11,000 crore power plant
MCL coal production for the current fiscal is expected to be 150 million tonnes (MT) out of the 550 MT production by Coal India.
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.
Masters Champions League to be telecast on Sony Six
Sony Pictures Networks India (SPN) has bagged the exclusive rights to the first edition of the Masters Champions League (MCL), a T20 cricket league which will starts January 28 next year.
Railways likely to complete JSG-Barpali project by June 2016
Coal production from Mahanadi Coalfields Limited (MCL) is expected to get a fillip in coal evacuation as Indian Railways is expected to complete the 52 km-long Barpali-Jharsuguda line by June 2016.
MCL coal production hit
As the local people do not allow movement of coal from the area, production loss due to the agitation is pegged at 10,000 tonnes per day.
Coal India Ltd sacks 126 workers in Odisha for violating rules
MCL, an arm of Coal India Ltd has terminated the services of 126 employees in Odisha for not vacating the land in lieu of which they were given the job.
MCL mining suspended for agitation
Mining operation in two mines under MCL remained suspended for the fourth consecutive day due to protest by project affected people demanding immediate steps for compensation and rehabilitation.
MCL appeals for voting its e-procurement software project
The e-Procurement Software Project of Mahanadi Coalfields Limited (MCL), fully owned subsidiary company of Coal India Limited (CIL) has been shortlisted for the voting in e-India 2010 awards under the category of Government to Business (G2B) Initiative of the Year.
Load More
