 "Coal India")
As part of its plan to evolve into an energy company rather than just being a miner, Coal India has signed an initial agreement with NLC India for the formation of a joint venture (JV) company which will generate 3000 MW of solar and 2000 MW of thermal electricity.
In the proposed JV, both Coal India and NLC will have an equal stake and the total investment is estimated to be around Rs. 120 billion. In case this JV can generate the targeted solar energy, it will fulfill the coal ministry’s target to Coal India which dictates it to become a
