MCL explores opportunity to form JV with NTPC

Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India Limited (CIL), is planning to form a joint venture (JV) with NTPC to develop a 1,600 MW pithead plant in Sundergarh district, Odisha. For the partnership, MCL has proposed to offer up to 49 per cent stake in the Rs 130 billion thermal power plant to NTPC. Further, CIL is planning to develop another pithead power plant at North Karanpura in Jharkhand under Central Coalfields Limited.

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