Coal India Limited has informed the Exchange regarding a press release dated April 21, 2025, titled "CIL & DVC sign MoU to set up 2 X 800 MW power plant".
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Coal India Limited (CIL) has signed a Memorandum of Understanding (MoU) with Damodar Valley Corporation (DVC) to jointly set up a 1,600 MW (2 x 800 MW) thermal power plant. The announcement was made via a press release dated April 21, 2025. This marks a significant step for CIL into forward integration, moving beyond coal mining into power generation. DVC is a central public sector enterprise involved in power generation and transmission in the Damodar River valley region. The collaboration is expected to leverage CIL's coal resources and DVC's expertise in power generation.
This is a positive development for CIL shareholders as it signals diversification into power generation, potentially securing long-term coal offtake and creating a new revenue stream. The move could enhance earnings stability and reduce dependence on coal price fluctuations.