Mahanadi Coalfields Limited (MCL) plans to set up a Rs 12,000 crore 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.
Onm
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.
It also aims to enter into the aluminum business and may soon set up a greenfield aluminum 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 aluminum 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 approved a pre-feasibility report for setting up an integrated aluminum project in Odisha.
Earlier, the coal behemoth in December 2020 had got in-principle approval for
venturing into aluminum and solar sectors and the creation of special-purpose vehicles.
Coal India in a regulatory filing in October 2021 had said that the proposed aluminum project would include bauxite mining, an alumina refinery, an aluminum smelter, and an associated captive power plant by its wholly owned subsidiary MCL.
