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HomePersonal FinanceCoal India Share Price Jumps 3% as Board Approves MCL and SECL...

Coal India Share Price Jumps 3% as Board Approves MCL and SECL Subsidiary IPOs

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Coal India is having a massive week on the markets. As of today, December 24, 2025, the stock is hovering around ₹406-₹408, gaining nearly 8% over the last six trading sessions.

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The thing is, the “boring” PSU giant just got a lot more interesting. The board finally gave the green light for an IPO of two major subsidiaries: Mahanadi Coalfields (MCL) and South Eastern Coalfields (SECL). Or nothing. Let’s be real, the Ministry of Coal has been pushing for this for months, and now the paperwork is moving to DIPAM. Those too.

Also Read |Tamil Nadu Voter List Purge: 97 Lakh Names Deleted in SIR Phase 1

The Rally Breakdown: Dec 24, 2025

MetricLatest Data
Current Price₹406.40 (Approx +1.5% today)
Intraday High₹412.40
52-Week High₹417.25 (Hit May 20, 2025)
Distance to High~2.7%

Why the Market is Hyped

  • Unlocking Value: MCL and SECL aren’t just small arms; they are the heavy hitters of Coal India’s production. By listing them in FY27, the market is finally putting a “real world” price tag on these assets.

  • The “Paste Fill” Tech: SECL just signed a ₹7,040 crore deal to bring in “paste fill” technology. It’s basically a way to mine coal without trashing the surface land. Investors love “sustainable” buzzwords, even in coal.

  • Dividend King Status: Coal India just paid out a ₹10.25 interim dividend in November. With a yield still sitting around 6.6%, it’s the ultimate “safety” stock when the rest of the market feels shaky.

Also Read |Tamil Nadu Voter List Purge: 97 Lakh Names Deleted in SIR Phase 1

Technicals: The “Six-Day Streak”

The stock has been climbing for six straight days. It’s currently trading above every major moving average—the 5-day, 50-day, and even the 200-day. And here’s the kicker: it’s less than ₹10 away from its all-time high. If the momentum holds through the afternoon, we might see a new record before the market closes for Christmas.

It’s an ongoing transformation for a company that used to be seen as a “dinosaur.” Between the upcoming BCCL IPO (expected within weeks) and these new listings, Coal India is being carved up into a lean, market-focused machine.

Also Read |Tamil Nadu Voter List Purge: 97 Lakh Names Deleted in SIR Phase 1

End…

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Himanshi Srivastava
Himanshi Srivastava
Himanshi, has 1 years of experience in writing Content, Entertainment news, Cricket and more. He has done BA in English. She loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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