# Coal India unit SECL seeks bankers for ₹10,000 crore IPO 2026-08-12T15:37:45+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet South Eastern Coalfields Ltd (SECL), a Coal India subsidiary, has begun the process of appointing investment banks for an initial public offering that is expected to raise between ₹8,000 crore and ₹10,000 crore, according to a document reviewed by Mint. The IPO will combine a fresh issue of shares with an offer for sale by the parent. Coal India plans to divest up to 25% of its stake over time, starting with at least a 10% offer for sale and about a 5% fresh issue. Mahanadi Coalfields Ltd, another Coal India unit, has a parallel IPO process underway and is expected to list a month or two before SECL. The company’s 61 mines in Chhattisgarh and Madhya Pradesh produced 176.2 million tonnes in FY26. ## Coverage - livemint.com This story was synthesised by AI from the source linked above. Tags: Coal India, coal mining, divestment, IPO, SECL Canonical: https://indianopinion.org/coal-india-unit-secl-seeks-bankers-for-rs10000-crore-ipo/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/coal-india-unit-secl-seeks-bankers-for-rs10000-crore-ipo/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes. How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/