Coal India Limited Approves Closure of Step-Down Subsidiary MJSJ Coal Limited
Kolkata, March 23, 2026 – Coal India Limited (CIL), a Maharatna public sector company and India’s largest coal producer, has formally approved the closure of MJSJ Coal Limited, a step-down subsidiary of Mahanadi Coalfields Limited. The decision was taken at the CIL Board meeting held today, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The closure follows the cessation of operations at MJSJ Coal Limited, compounded by the Hon’ble Supreme Court’s cancellation of coal blocks allocated to the subsidiary. The formal closure will be executed upon obtaining the necessary approvals from the Ministry of Coal and the Department of Investment and Public Asset Management (DIPAM).
Key Details of the Closure
| Particulars | Details |
|---|---|
| Date of any binding agreement for sale of the unit | Not Applicable |
| Contribution to CIL revenue or net worth | Not Applicable |
| Estimated date of closure | Upon receipt of Ministry of Coal and DIPAM approvals |
| Reason for closure | Non-operational status and Supreme Court coal block cancellations |
Corporate and Regulatory Context
MJSJ Coal Limited, as a step-down subsidiary, was part of CIL’s broader operational framework under Mahanadi Coalfields Limited. The decision to close the subsidiary is in line with legal directives and regulatory compliance, ensuring that shareholders and the market are informed per SEBI disclosure norms.
This announcement has been formally submitted to the Bombay Stock Exchange (Scrip Code: 533278) and the National Stock Exchange of India (ISIN: INE522F01014), ensuring transparency and adherence to listing requirements.
About Coal India Limited
Coal India Limited, headquartered in Kolkata, is a Maharatna public sector company responsible for coal exploration, production, and supply across India. The company operates through multiple subsidiaries, maintaining strict compliance with statutory regulations and corporate governance standards.