Mahanadi Coalfields Appoints Rekha Pandey as Director (Human Resources)

Mahanadi Coalfields Limited has appointed Rekha Pandey as Director (Human Resources), the company said in an announcement carried by Hrtoday. Pandey brings 32 years of human resource experience in the coal mining sector, having previously served as General Manager (HR/CSR) at Coal India's corporate office in Kolkata.

Rekha Pandey's Move to Mahanadi Coalfields

Pandey takes charge of the human resources function at Mahanadi Coalfields, a Coal India subsidiary headquartered in Sambalpur, Odisha. Coal India announced the appointment. Before her corporate role in Kolkata, Pandey spent approximately three decades at Central Coalfields Limited, another Coal India subsidiary, where she held positions including Chief Manager and Head of Department and General Manager, with responsibilities based at Darbhanga House in Ranchi.

Pandey is a graduate in Economics and holds a postgraduate qualification in Personnel Management from Xavier Institute of Social Service in Ranchi. Her experience spans employee welfare, industrial relations, workforce administration and corporate social responsibility.

Coal India, established in November 1975, holds Maharatna status and reported a workforce of 212,066 employees as of April 2026, operating across eight Indian states. Mahanadi Coalfields recorded coal production of 193.3 million tonnes and dispatches of 192.7 million tonnes in the 2022-23 financial year, both described as record achievements for the period. The company was established in 1992 following its separation from South Eastern Coalfields Limited.

Mahanadi Coalfields' IPO Filing and Quarterly Results

Mahanadi Coalfields filed a draft red herring prospectus for an initial public offering on August 31, 2026, according to Business News Today. The offer is entirely an offer for sale of 66.18 crore shares by Coal India, with proceeds going to the parent. CNBCTV18 reported that the sale represents a 10% stake and that no fresh shares are issued, so Mahanadi Coalfields receives no proceeds.

For the quarter ended June 2026, Mahanadi Coalfields' net profit fell 2.04% to Rs 2397.79 crore from Rs 2447.76 crore a year earlier, Business Standard reported. Sales rose 6.43% to Rs 8033.77 crore, while operating profit margin slipped to 40.30% from 43.70%.

Coal India's September 2026 Stake Sale Filing

Coal India filed a draft red herring prospectus for Mahanadi Coalfields' proposed IPO on September 1, 2026, Business Standard reported. The offering includes an offer for sale of up to 661,836,300 equity shares with a face value of Rs 2 each held by Coal India.

Coal India shares rose 4% to ₹419.70 on September 2, 2026, after reports of a 10% stake sale in Mahanadi Coalfields via IPO, Business Standard reported. The subsidiary accounted for 28.4% of Coal India's coal production, and Coal India also saw a 59% average e-auction premium in August 2026.

Coal India's Year-End IPO Target

CIL CMD B Sairam said the IPOs of South Eastern Coalfields and Mahanadi Coalfields will be completed by year-end, with timing dependent on market conditions and government directives, Business Standard reported on August 31, 2026. The two subsidiaries produce about half of Coal India's output.