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Coal India said to plan $1 billion MCL IPO as soon as this month

Economic Times ·First reported
Economic TimesCoal India said to plan $1 billion MCL IPO as soon as this month
Image: Economic Times

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…

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