PSU IPOs, Dec. 24 -- Following the buzz around the BCCL IPO, PSU stock Coal India announced proposed listings of two more of its major subsidiaries on Dalal Street, setting the stage for a wave of high-profile public sector offerings (IPOs) and helping kick-start India's IPO market calendar for 2026.

In separate regulatory filings to the stock exchanges, Coal India said its board has granted in-principle approval for the listing of Mahanadi Coalfields Limited (MCL) and South Eastern Coalfields Limited (SECL), two wholly-owned subsidiaries of the firm.

Coal India share jumped 3% following this development. It is now just 1% away from its peak.

The decision for the listings followed an advisory from the Ministry of Coal, which had asked ...