Mahanadi Coalfields to Set Up Rs. 12,000 Cr Worth Power Plant in Odisha

New Delhi: Mahanadi Coalfields Limited (MCL) is planning to set up a Rs 12,000 crore worth power plant in Odisha. It also aims to enter into the aluminium business and may soon set up a greenfield aluminium project.

According to sources, the 1,600-megawatt capacity coal-fired power project would come up in Odisha’s Sundargarh district as a wholly owned subsidiary of MCL. It also plans to enter into the aluminium business.

Earlier, the coal behemoth in December 2020 had got in-principle approval for venturing into aluminium and solar sectors and the 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, an alumina refinery, an aluminium smelter and an associated captive power plant by its wholly owned subsidiary MCL.