South Eastern Coalfields Limited (SECL) has filed draft red herring prospectus (DRHP) dated 1 November, 2026 with Securities and Exchange Board of India, BSE and NSE.
The DRHP filing pertains to the proposed Initial Public Offering (“IPO”) of SECL, comprising an Offer for Sale of up to 668,056,100 equity shares having a face value of INR 2 each, held by Coal India Limited. The proposed IPO remains subject to receipt of applicable approvals, prevailing market conditions, and other relevant considerations, Coal India said in an exchange filing.
SECL is amongst the highest coal producing subsidiary company of Coal India Limited. The coal mines of SECL are spread across two states namely Chhattisgarh and Madhya Pradesh. SECL posted revenue of Rs 34,897.62 crore and net profit of Rs 6,432.83 crore in FY2025-2026.
Another Coal India arm Mahanadi Coalfields Ltd. had filed DRHP in September.