Coal India Limited has informed the Exchange regarding a press release dated November 07, 2025, titled "Press release-CIL, DVC sign JVA for a 1600 MW coal fired plant".
COALINDIA · price
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Coal India Limited (CIL) has signed a Joint Venture Agreement (JVA) with Damodar Valley Corporation (DVC) to set up a 1,600 MW coal-based thermal power plant. The press release dated November 7, 2025 highlights this partnership between two major public sector entities in the coal and power space. This marks a significant vertical integration move for CIL, extending its footprint beyond coal mining into power generation. The project will likely involve CIL supplying coal and DVC contributing its expertise in power generation.
Positive for shareholders — this JV diversifies CIL's revenue streams into power generation, strengthens its value chain integration, and opens up a large new business opportunity. Could enhance long-term earnings visibility and valuation.