Business

Mahanadi coalfields to set up 1,600 MW power plant in Odisha

New Delhi: 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 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.

newslive odisha

News Live Odisha

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