Coal India’s Strategic Power Push, ₹21,000 Cr JV Signals Big Energy Expansion

has taken a decisive step toward diversifying its business by forming a 50:50 joint venture with Damodar Valley Corporation (DVC) to expand its presence in the power sector, combining mining strength with power generation expertise in a balanced partnership. The JV will focus on developing a 1,600 MW (2×800 MW) thermal power project at the Chandrapura plant in Jharkhand, with a total investment estimated at around ₹21,000 crore, while also exploring opportunities in thermal and renewable energy projects. Structurally, the venture includes an initial equity infusion of about ₹3,132.96 crore (30% equity), with the remaining 70% funded through debt, reflecting a capital-efficient approach. Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.