By FMTeam For those who know a thing or two about the coal industry of India and how it is utilized, then you must have already heard of Mahanadi Coalfields’ name. It is a government-owned company that comes under Coal India Limited (CIL). Though, if you don’t know much about this company yet, we’ll advise you to keep on reading about things like Mahanadi Coalfields Net Worth, Owner, CEO, Head Office, etc.
| Company name | Mahanadi Coalfields Limited (MCL) |
| Establishment year | 1992 |
| Head Office | Sambalpur, Odisha |
| Owner/Founder | Owner: Coal India Limited (CIL) |
| CEO name | Shri Uday A. Kaole |
| Industry | Coal mining |
| Number of employees | Around 21,787 workforce |
| Net worth | ₹18,278 crore |
| Total revenue in 2024 | ₹31,076.88 crore |
Company Profile
Going a bit into the backstory here, see, surely, MCL is a mining company that has been operating separately since 1992. The company came into existence after it was carved out from South Eastern Coalfields Limited (SECL). To put it simply, MCL is a government company that was created by restructuring the coal sector of the government, and no individual or private party had a hand in its founding. And for now, in 2026, their main head office is still there in Sambalpur, Odisha.
Net Worth
There is no official number provided by the company itself, but a reliable estimate says that MCL is worth about ₹18,278 crore.
Current Status and Future Outlook
No doubt, as we already gave you the hint, MCL plays a significant part in India’s coal production. According to the official records, the top executive of the company is Shri Uday A. Kaole, who is the Chairman-cum-Managing Director (CMD).
Looking at the future, the company has disclosed a couple of additional coal mines in Odisha as per the plan of expansion. Heard that yet? The Subhadra mine is projected to output 25 million tonnes per annum by the close of the financial year 2025-26, whereas the Balbhadra mine is estimated to have a coal production capacity of 10 million tonnes per annum by the financial year 2029-30. Besides coal mining, MCL is also planning various areas where it can be diversified at a total investment of around ₹64,900 crore such as thermal power, renewable energy, and coal-to-chemical projects.