CIL, NLC India ink pact to set up JV for power generation
Coal India Monday said it has entered into a pact with NLC India Ltd (NLCIL) to set up a joint venture for power generation.
"Coal India Ltd (CIL) and NLCIL have signed a memorandum of understanding (MoU) for formation of a joint venture for solar power generation of 3,000 MW and thermal power projects of 2,000 MW capacity," CIL said in a filing to BSE.
The PSU accounts for over 80 per cent of domestic coal output.
CIL Chairman A K Jha had earlier said the company is optimistic about an aspirational production target of 652 million tonne for 2018-19.
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