RIL plans entry into coal-based power generation with bid for Lanco's plant

Company makes a foray into coal-based power generation for the first time

In a deviation from its green energy policy, Reliance Industries is planning to foray into coal-based power generation by submitting an application to acquire bankrupt Lanco’s Amarkantak unit.

RIL had earlier made an announcement to enter the renewable power generation business by investing $10 billion in three years, but its bid for a coal-based power plant is considered as a deviation from its green energy policy. In the last one year, RIL has acquired several green energy companies, including a 40 per cent stake in Sterling and Wilson Solar and REC Solar for Rs 5,782 crore.

Experts said though bidding