MoneyWorks4Me

Coal India’s board approves pre-feasibility report for setting up aluminium project in Odisha

06 Oct 2021 Evaluate

Coal India’s (CIL) board has accorded its in-principle approval to pre-feasibility report for setting up of integrated greenfield aluminium project in Odisha which shall include bauxite mining, alumina refinery, aluminium smelter and associated captive power plant by its wholly owned subsidiary Mahanadi coalfields. The company, in December 2020, had got in-principle approval for venturing into aluminium and solar sectors and creation of special purpose vehicles.

Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.

Peers
Company Name CMP
Coal India 413.95
NMDC 72.86
Ashapura Minechem 489.10
Sandur Manganese 181.35
GMDC 477.10
View more..