About Mahanadi Coalfields Limited
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Mahanadi Coalfields Limited is a private limited union government company based in Sambalpur, Odisha, India, a subsidiary of Coal India Ltd. It operates in the mining and mineral extraction segment of the metals and mining sector. It was incorporated on 03 April 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U10102OR1992GOI003038. Its GSTIN is 21AABCM5188P1Z3 (Odisha). The company holds 8 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹1,600 Cr and a paid-up capital of ₹1,323.67 Cr. It is led by directors including Uday Anantrao Kaole (Managing Director) and Keshav Rao (Whole-Time Director).
Its last annual general meeting (AGM) was held on 08 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Jagruti Vihar Burla, Sambalpur, Odisha, India – 768020.
As per the financials filed for FY 2025, the company reported a revenue of ₹28,662 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹10,825 Cr (net margin 37.8%) and EBITDA of ₹15,331 Cr (EBITDA margin 53.5%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 13% over five years.
Its group structure includes 4 subsidiaries.
As per MCA filings, the company has open charges of ₹430 Cr on record. Court records list 2,332 cases involving the company, including 778 filed by the company and 1,562 filed against it; 729 cases are pending. The company has 2 deals on record (2 secondary share transfers); the latest was in February 2019. Its 5 peer companies in the Metals and Minerals industry (Mining), with the same principal business activity (mining of coal and lignite) are compared by revenue, 2 larger and 3 smaller; the largest is Coal India Limited with revenue of ₹1,52,839 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mahanadicoal.in.
Company details
CIN history
Mahanadi Coalfields has one previous CIN (Corporate Identification Number): U10102OR1992PLC003038. The current CIN is U10102OR1992GOI003038, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U10102OR1992GOI003038 | Current |
| U10102OR1992PLC003038 | Previous |
Contact details
Mahanadi Coalfields Limited's registered office is in Sambalpur, Odisha. Its website is mahanadicoal.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressJagruti Vihar Burla, Sambalpur, Odisha, India – 768020
- IndustryMetals and Minerals, Mining & Mineral Extraction
To see the full contact details of Mahanadi Coalfields Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Mahanadi Coalfields is mining and quarrying. In detail, this covers mining of coal and lignite.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | B1 | Mining of Coal and lignite |
To see the full business activity and turnover split of Mahanadi Coalfields Limited, buy the company report.
Financials of Mahanadi Coalfields Limited
FY 2025 filings availableMahanadi Coalfields Limited reported revenue of ₹28,662 Cr (down 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 13%. EBITDA fell 8% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹15,331 Cr | ||||
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| Net Profit (PAT) | ₹10,825 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 53.5% | ||||
| Net Profit Margin | 37.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Mahanadi Coalfields Limited, buy the company report.
Board of directors and KMP of Mahanadi Coalfields Limited
Mahanadi Coalfields Limited currently reports 8 directors and 1 key managerial person. 54 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Keshav Rao Also directs: Mahanadi Basin Power Limited, Mahanadi Coal Railway Limited | Whole-Time Director | 18 Dec 2019 | 6 Years 10 Months | Current |
| Soubhagya Parida Also directs: MJSJ Coal Limited | Company Secretary | 25 Apr 2022 | 4 Years 5 Months | Current |
| Ajit Kumar Behura Also directs: MJSJ Coal Limited, Mahanadi Coal Railway Limited | Whole-Time Director | 01 Aug 2022 | 4 Years 2 Months | Current |
| Mukesh Choudhary | Nominee Director | 27 Jan 2023 | 3 Years 8 Months | Current |
| Sanjay Kumar Jha Also directs: Bharat Coal Gasification and Chemicals Limited | Director | 07 Mar 2025 | 1 Years 7 Months | Current |
| Uday Anantrao Kaole | Managing Director | 19 Dec 2023 | 2 Years 10 Months | Current |
Peer comparison
Mahanadi Coalfields Limited is compared with the 5 companies closest to it by revenue in the Metals and Minerals industry (Mining), with the same principal business activity (mining of coal and lignite), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Coal India Limited | ₹1,52,839 Cr (FY 2025) | 0.0% | Kolkata, West Bengal, India | |||
| The Singareni Collieries Company Limited | ₹30,324 Cr (FY 2025) | -4.0% | Telangana, India | |||
| Mahanadi Coalfields Limitedthis company | ₹28,662 Cr (FY 2025) | ₹10,825 Cr | 37.8% | -2.0% | Sambalpur, Odisha, India | |
| Northern Coalfields Limited | ₹26,757 Cr (FY 2025) | 5.0% | Sidhi, Madhya Pradesh, India | |||
| Central Coalfields Limited | ₹17,644 Cr (FY 2025) | 0.0% | Ranchi, Jharkhand, India | |||
| NLC India Limited | ₹16,889 Cr (FY 2025) | 21.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Mahanadi Coalfields Limited, buy the company report.
Auditor
Mahanadi Coalfields Limited is audited by Laldash & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Laldash & Co. | FY 2023 | 311147E |
Shareholding
The shareholding of Mahanadi Coalfields Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mahanadi Coalfields Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Dec 2003 | 90080183 | State Bank of India | ₹430 Cr | Open |
To see the full charge records of Mahanadi Coalfields Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Mahanadi Coalfields Limited has 2 deals on record (2 secondary share transfers); the latest was in February 2019.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2019 | Secondary share transfer | Undisclosed | Seller: Coal India Ltd Govt of India Undertaking |
| Mar 2017 | Secondary share transfer | Undisclosed | Seller: Coal India Ltd Govt of India Undertaking |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mahanadi Coalfields Limited has 2,332 court cases on record: 778 filed by Mahanadi Coalfields, 1,562 filed against it. 729 cases are pending and 1,603 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1,476 | 1,089 | 536 |
| District courts | 671 | 406 | 162 |
| Supreme Court | 177 | 64 | 24 |
| NCLAT | 8 | 3 | 7 |
Cases on record (5 of 2,332)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (3002-Land Acquisition and Requisition : Compensation for land acquisition) | Filed by the company against an individual | Disposed |
| Supreme Court | Court case | Filed by the company against an individual | Disposed |
| Supreme Court | Court case (0304-Arbitration Law and Other Alternative Dispute Resolution : Challenge to arbitral award, matters relating to execution under Section 36, under Section 34/Section 37 of the Arbitration & Conciliation Act, 1996 and challenges to arbitral award under Arbitration Act, 1940) | Filed by the company against Sri Ram Construction | Disposed |
| High Court of Orissa | Writ petition | Filed against the company by M/S. Global Coal and Mining Pvt. Ltd., Jharsuguda | Pending |
| District court, Cuttack, Odisha | Arbitration matter | Filed by the company against M/S Sainik Mining and Allied Services Ltd. | Pending |
To see the full case history of Mahanadi Coalfields Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mahanadi Coalfields Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Mahanadi Coalfields has 4 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| MNH Shakti Limited | U10100OR2008GOI010171 | |
| MJSJ Coal Limited | U10200OR2008GOI010250 | |
| Mahanadi Basin Power Limited | U40102OR2011GOI014589 | |
| Mahanadi Coal Railway Limited | U60100OR2015GOI019349 |
To see the full group structure of Mahanadi Coalfields Limited, buy the company report.
GST
Mahanadi Coalfields has 8 GST registrations: 6 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AABCM5188P1Z3 | Odisha | Active | 01 Jul 2017 |
| 21AABCM5188P2DB | Odisha | Active | 13 Jun 2018 |
| 21AABCM5188P3DA | Odisha | Active | 21 Jun 2018 |
| 21AABCM5188P4D9 | Odisha | Active | 28 Jun 2018 |
To see the full GST registrations and return filing status of Mahanadi Coalfields Limited, buy the company report.
Recent activity
Mahanadi Coalfields Limited has 118 board changes on record since 1992: 63 appointments and 55 cessations. The latest: Jugal Kumar Borah ceased to be Whole-Time Director on 16 Oct 2025.
111 earlier events are in the company report.
News
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Frequently asked questions
Mahanadi Coalfields is an active private limited union government company based in Sambalpur, Odisha, India. The company works in mining and mineral extraction, within the metals and minerals industry. It was incorporated on 03 April 1992 (34+ years old) and is registered under CIN U10102OR1992GOI003038.
Mahanadi Coalfields has 9 current directors and KMP:
- Uday Anantrao Kaole - Managing Director
- Keshav Rao - Whole-Time Director
- Ajit Kumar Behura - Whole-Time Director
- Mukesh Choudhary - Nominee Director
- Sanjay Kumar Jha - Director
- Dayashankar Chandrashekhar Tiwari - Director
- Rajesh Kumar Verma - Director
- Sanjiv Kumar Kassi - Nominee Director
- Soubhagya Parida - Company Secretary
The latest financial statements of Mahanadi Coalfields on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 08 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Mahanadi Coalfields is 21AABCM5188P1Z3, registered in Odisha. The company has 8 GST registrations in all, of which 6 are active and 2 are cancelled or inactive. Other active GSTINs include 21AABCM5188P2DB (Odisha), 21AABCM5188P3DA (Odisha), 21AABCM5188P4D9 (Odisha).
The CIN (Corporate Identification Number) of Mahanadi Coalfields is U10102OR1992GOI003038. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahanadi Coalfields has 2,332 court cases on record: 778 filed by the company and 1,562 filed against it. 729 are pending. Most are in the high courts.
Mahanadi Coalfields was incorporated on 03 April 1992, making it 34+ years old. It is registered with the Registrar of Companies, Cuttack.
Mahanadi Coalfields has 2 deals on record (2 secondary share transfers); the latest was in February 2019.
The peers of Mahanadi Coalfields by revenue are Coal India Limited, The Singareni Collieries Company Limited, Northern Coalfields Limited, Central Coalfields Limited, NLC India Limited, all in the Metals and Minerals industry (Mining), with the same principal business activity (mining of coal and lignite).
Jugal Kumar Borah ceased to be Whole-Time Director on 16 Oct 2025. Sanjay Kumar Jha was appointed as Director on 07 Mar 2025. Akshay Shrikant Bapat ceased to be Whole-Time Director on 30 Nov 2024. Mahanadi Coalfields has 118 board changes on record in total.
Mahanadi Coalfields can be reached through the website mahanadicoal.in. Its registered office is in Sambalpur, Odisha, India.