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CIL, NLC India ink pact to set up JV for power generation

Press Trust of India  |  New Delhi 

Coal India Monday said it has entered into a pact with (NLCIL) to set up a joint venture for power generation.

"(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 A K Jha had earlier said the company is optimistic about an aspirational production target of 652 million tonne for 2018-19.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, October 08 2018. 18:55 IST