Archive · 2 Sep 2026
Mahanadi Coalfields Files DRHP for Proposed IPO
Mahanadi Coalfields is a coal-mining company owned by Coal India.
It has filed a document called a DRHP, which is an important step toward selling shares to the public through an IPO.
The company mines coal mainly from the Talcher and Ib Valley areas of Odisha.
It produced 218.31 million tonnes of coal in FY2026, making it India’s largest coal producer that year.
The company operated 17 mines as of June 30, 2026.
It also has large coal reserves that could support production for many years.
Its revenue increased in the June 2026 quarter compared with the previous year.
However, its net profit fell slightly during the same period.
Coal India subsidiary Mahanadi Coalfields has filed a draft red herring prospectus to launch its IPO.
The company produced 218.31 million tonnes of coal in FY2026, representing about 22.40% of India’s non-coking coal output.
Mahanadi Coalfields operated 17 mines in Odisha as of June 30, 2026, including 14 opencast and three underground mines.
Its audited coal reserves totaled 9,840.31 million tonnes, while Talcher and Ib Valley had estimated resources of about 106.76 billion tonnes.
Revenue rose to Rs 8,033.7 crore in the June 2026 quarter, while net profit declined to Rs 2,398.7 crore.
- Who
- Mahanadi Coalfields, a subsidiary of Coal India.
- What
- It filed a DRHP to launch an IPO.
- When
- The filing was reported in connection with data available as of June 30, 2026; quarterly figures compare June 2026 with June 2025.
- Where
- The company’s mining operations and land holdings are mainly in Odisha, including Talcher and Ib Valley.
- Why
- Mahanadi Coalfields was established to increase coal production from the Talcher and Ib Valley coalfields to meet India’s energy needs.
- Parent company
- Coal India
- Incorporation
- 1992
- FY2026 coal production
- 218.31 million tonnes
- Share of non-coking coal output
- About 22.40% of India’s total
- Audited coal reserves
- 9,840.31 million tonnes
- Operating mines
- 17 as of June 30, 2026: 14 opencast and three underground
- June 2026 revenue and net profit
- Revenue of Rs 8,033.7 crore and net profit of Rs 2,398.7 crore
- IPO advisers
- SBI Capital Markets, Axis Capital, BOB Capital Markets, IDBI Capital Markets & Securities, and IIFL Capital Services are the book-running lead managers; KFin Technologies is the registrar