Coal India to Close MJSJ Coal Limited, a Step-Down Subsidiary
Coal India Limited's board approved the closure of its step-down subsidiary, MJSJ Coal Limited. The closure is due to the company not being operational and the cancellation of its coal blocks. The effective date is upon receiving approvals from the Ministry of Coal and DIPAM. No financial contribution was reported for the last fiscal year.
The impact is considered low as the subsidiary was not in operation and therefore had no financial contribution to Coal India Limited's revenue or net worth.
The closure of a subsidiary is a routine corporate action and does not inherently represent positive or negative news for the parent company's financials or operations, especially as the subsidiary was not operational.
Coal India Limited (CIL) has announced the approval from its Board of Directors for the closure of MJSJ Coal Limited. MJSJ Coal Limited is a subsidiary of Mahanadi Coalfields Limited, which is itself a step-down subsidiary of Coal India Limited.
The closure is necessitated because the company is not in operation and is due to the cancellation of Coal Blocks by the Hon’ble Supreme Court. The closure is effective upon receipt of approval from the Ministry of Coal and DIPAM.
No financial contribution to turnover, revenue, income, or net worth from MJSJ Coal Limited was reported for the last financial year, and there are no binding agreements for its sale. This announcement was made on March 23, 2026.
What to do with a filing like this
Coal India Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Coal India Limited. Read the original for the full detail.