According to an official communication, the Department of Investment and Public Asset Management (DIPAM) and the Ministry of Coal had placed the proposal before the Alternative Mechanism (AM) after securing approvals from the boards of Coal India Limited (CIL) and MCL.
MCL, a wholly owned subsidiary of Coal India, is among India’s largest coal-producing companies with operations concentrated in Od...
The mechanism described facilitates a state-led strategy of capital market participation in state-run enterprises by allowing dilution of control in MCL. The core pattern observed is the separation of political objectives (disinvestment) from commercial execution (IPO/FPOs), managed through an institutional mechanism (AM). The 25% cap acts as a political constraint, balancing the goal of public participation against the strategic need to maintain CIL’s influence within the coal sector. This sugg...