Coal India
Coal India hits 3% gain after board approves subsidiary listings – investors rejoice!
Mumbai/IBNS: Shares of Coal India Limited surged nearly 3 per cent on Wednesday after the company’s board granted in-principle approval for the listing of two of its subsidiaries, media reports said.
The board has cleared the listing of Mahanadi Coalfields Limited (MCL) and South Eastern Coalfields Limited (SECL).
In the biggest single-day surge in over seven months, Coal India shares rose by Rs 412.40 per share in early trading on Wednesday.
The board’s decision follows a communication from the Ministry of Coal, which on December 16 advised Coal India to take concrete steps to list two subsidiaries during FY 2026–27, according to a report by Moneycontrol.
The PSU major’s stock has shown strong momentum, rising nearly 7 per cent over the past week, more than 10 per cent in the last month, and about 6 per cent so far this year.
Over a longer horizon, Coal India shares have delivered robust returns, climbing nearly 91 per cent over the past three years.
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