Coal India Ltd and NLC India sign pact to set up JV for power generation


Coal India Ltd and NLC India sign pact to set up JV for power generation

Coal India Ltd (CIL) Monday said it has entered into a pact with NLC India Ltd (NLCIL) to set up a joint venture for power generation.

“Coal India Ltd (CIL) and NLCIL have signed a memorandum of understanding (MoU) for formation of a joint venture for solar power generation of 3,000 MW and thermal power projects of 2,000 MW capacity,” CIL said in a filing to BSE.

The PSU accounts for over 80 per cent of domestic coal output. CIL Chairman A K Jha had earlier said the company is optimistic about an aspirational production target of 652 million tonne for 2018-19. Read More

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