Lingaraj Area is effectively a state-controlled asset: it is directly owned by Mahanadi Coalfields Limited (a wholly owned subsidiary of CIL); in turn, Coal India Ltd. (CIL) is controlled by the Government of India through a 63.13% stake, with the remainder held by the market.
Mahanadi Coalfields Limited (MCL), a Miniratna Company domiciled in India and limited by shares. The Company is a 100% Subsidiary of Coal India Limited (CIL) upon taking over of assets and liabilities of South Eastern Coalfields Limited in respect of mines in the State of Odisha.

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