Coal India’s subsidiary -- South Eastern Coalfields (SECL) has signed an MoU with the Madhya Pradesh Power Generation Company (MPPGCL) to develop a 660 MW thermal power unit at an investment of Rs 4,665 crore. A joint venture company will be formed that will execute the 660MW supercritical thermal power plant in Amarkantak Thermal Power Station in Chachai.
SECL already supplies coal to an existing power plant at Amarkantak owned by MPPGCL and the new upcoming unit by the JV will also be fed by coal from its own mines. The project, part of diversification by Coal India's largest subsidiary, will help the miner to improve its bottomline.
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.
