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Mahanadi Coalfields Ltd to set up Rs 12,000 cr power plant in Odisha

Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India Limited, is looking to diversify into power generation, and plans to set up a Rs 12,000 crore power plant in Odisha

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Mahanadi Coalfields | power plant in Odisha | Power plant

IANS  |  New Delhi 



Mahanadi Coalfields Ltd to set up Rs 12,000 cr power plant in Odisha
Mahanadi Coalfields Ltd to set up Rs 12,000 cr power plant in Odisha

Limited (MCL), a subsidiary of Coal India Limited, is looking to diversify into power generation, and plans to set up a Rs 12,000 crore in Odisha.

 

It also aims to enter into aluminium business and may soon set up a greenfield aluminium project.

Sources informed that the 1,600 megawatt capacity coal-fired power project would come up in Odisha's Sundargarh district as a wholly owned subsidiary of MCL.

MCL also plans to enter into the aluminium business, they further said.

The mini ratna company is currently looking to secure a bauxite mine for the purpose.

Coal India's board in October 2021 had approved a pre-feasibility report for setting up an integrated aluminium project in Odisha.

Earlier, the coal behemoth in December 2020 had got in-principle approval for venturing into aluminium and solar sectors and creation of special purpose vehicles.

Coal India in a regulatory filing in October 2021 had said that the proposed aluminium project would include bauxite mining, alumina refinery, aluminium smelter and an associated captive by its wholly owned subsidiary MCL.

--IANS

ans/shb/

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


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First Published: Mon, January 23 2023. 12:01 IST

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