The Centre is planning to divest a 25% stake in Mahanadi Coalfields Limited (MCL), following a strategy similar to previous stake sales in subsidiaries of Coal India Limited.
CIL Chairman B Sairam announced the plan during his visit to the Talcher coalfields, stating that the move is aimed at unlocking growth potential and supporting future expansion. He highlighted strong demand for MCL’s coal across multiple sectors.
Key coal-producing regions such as Talcher, Jharsuguda, Korba, and Singrauli continue to play a significant role in India’s overall coal production.
CIL is targeting around 781 million tonnes of coal output in the current financial year, although dispatch may see a slight dip due to temporary demand fluctuations. However, officials remain optimistic about improved demand in the coming months.
Despite the growth of renewable energy sources like solar power, Coal India expects to maintain an annual growth rate of 6–7%. Addressing concerns over private sector participation, Sairam noted that Coal India still accounts for nearly 80% of India’s coal production.
Senior MCL officials, including Chairman-cum-Managing Director Udaya Ananta Kaole, were present during the visit.
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