Categories: Agreements

Coal India tie-up with NLC to develop solar and thermal power assets

Government-owned mining majors NLC India Ltd and Coal India Ltd have formed a joint venture to develop solar and thermal power assets to the tune of 5,000 megawatts of power. Both companies will hold equal 50:50 equity in the joint venture company.

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Its projected capital expenditure up to the year 2025 is ₹1.28 lakh crore with a debt-equity ratio of 70:30. Coal India is the single largest coal producer worldwide and operates through 83 mining areas spread over eight states in India. It produces 607 million tonnes of coal annually. NLC India Limited is a ‘Navratna’ government of India company in the fossil fuel mining sector in India and thermal power generation.

Important takeaways for all competitive exams:

Headquarter of Coal India: Kolkata, West Bengal.
Pramod Agrawal is the chairman and managing director of Coal India Ltd.

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.