Coal India’s arm -- Mahanadi Coalfields (MCL) is in the process of diversifying into power generation and will set up a coal-based plant entailing an investment of around Rs 12,000 crore in Odisha. MCL also has plans to diversify into aluminium business.
The subsidiary has applied to the government for coal linkage for the proposed 1,600-mw coal-fired power plant and the allotment is yet to be done. The government is also advising the company to go for diversification.
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.
