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.
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.
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.
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%.
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.
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