India, Sept. 1 -- Coal India Ltd (CIL) Chairman and Managing Director B Sairam on Monday said the Initial Public Offerings (IPOs) of two of its largest subsidiaries, South Eastern Coalfields Ltd (SECL) and Mahanadi Coalfields Ltd (MCL), will be completed within the current financial year.

Responding to questions from shareholders and stakeholders during an interaction, Sairam said the exact timeline would depend on market conditions and Government directives.

"... regarding the IPO of SECL and Mahanadi Coalfields Limited. We plan to complete the IPO by the year-end positively. Its IPO will be completed in this current financial year only. The exact month and date will depend upon the market conditions and the Government directives, etc....