Coal India Ltd.

Nuclear Power Corporation (NPC) is in talks with government-owned Coal India, the country’s largest coal producer, on the latter’s plans to enter the atomic power sector through a joint venture. NPC has launched a programme to increase capacity to 63,000 Mw by 2032.
Coal India would pump in money towards equity with NPC for various nuclear projects. Typically, nuclear projects are developed on a 70:30 debt to equity ratio. Of the Rs 2 lakh crore investments, the equity requirement is Rs 70,000 crore. Coal India can also provide help in uranium mining as it has the expertise in exploration and mining of open cast and underground coal mines.

So far, NPC has formed JVs with Indian Oil Corporation, National Aluminium (Nalco), with a combine of Bharat Heavy Electricals and Alstom, and with NTPC. It is to enter into a similar arrangement with Steel Authority of India and Indian Railways.