Bhubaneswar, March 31 -- The Centre is set to divest a 25 per cent stake in Mahanadi Coalfields Limited (MCL), following a strategy similar to earlier stake sales in other subsidiaries, B Sairam, Chairman of Coal India Limited (CIL).

Speaking to mediapersons during his visit to the Talcher coalfields, Sairam stated that the proposed disinvestment is aimed at unlocking the company's growth potential and supporting future expansion. He noted that MCL's coal enjoys strong demand across a wide range of consumers.

Highlighting the importance of key mining regions, he said coalfields such as Talcher, Jharsuguda, Korba and Singrauli continue to play a major role in the country's overall coal output.

According to a report by The New Indian Exp...