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Bhubaneswar: Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India Limited, has planned to set up a Rs 12,000 crore power plant in Odisha as part of its diversification into the energy sector.
According to sources, the 1,600-megawatt capacity coal-fired power project would come up in Sundargarh district as a wholly owned subsidiary of MCL.
The Mini Ratna company also aims to enter into the aluminium business and may soon set up a greenfield aluminium project. The company is currently looking to secure a bauxite mine for the purpose.
Earlier in 2021, Coal India’s board had approved a pre-feasibility report for setting up an integrated aluminium project in Odisha and had proposed that the project would include bauxite mining, alumina refinery, aluminium smelter, and an associated captive power plant by its wholly owned subsidiary MCL.
Earlier, the coal behemoth in December 2020 had got in-principle approval for venturing into aluminium and solar sectors and the creation of special purpose vehicles.
(With inputs from IANS)
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