Coal India Share Price in Focus Following ₹16,500-Crore Power Project Deal in Jharkhand

Shares of state-run Coal India are in focus after the company announced a significant partnership with Damodar Valley Corporation (DVC) to establish a coal-based power plant in Jharkhand. Currently the company’s share price is trading at ₹404.80, with gain of 1.12%.

Joint Venture with Damodar Valley Corporation (DVC)

Coal India and Jharkhand based Damodar Valley Corporation (DVC) have formally partnered to develop a 2x800 MW ultra-supercritical thermal power project. The non-binding Memorandum of Understanding (MoU) was signed in Kolkata on Monday.

This will be a joint venture with both entities holding an equal 50% equity stake. The power plant will be a brownfield expansion of the existing Chandrapura Thermal Power Station (CTPS) in Jharkhand, which currently operates with a capacity of 2x250 MW. 

The total investment for this project is estimated at ₹16,500 crore. This move signifies Coal India's expansion into thermal power generation, aligning with the central government's aim to increase installed power generation capacity by around 80 GW by 2030. 

Details of the Jharkhand Power Project

The proposed power plant will add two 800 MW units to DVC's existing Chandrapura Thermal Power Station. Coal for the plant will be sourced from nearby coalfields operated by Coal India's subsidiaries, Bharat Coking Coal Ltd (BCCL) and Central Coalfields Ltd (CCL). These thermal power plants being set up by Coal India are strategically located near its coal mines. This proximity will significantly reduce transportation costs, leading to more efficient and cost-effective power generation.

Coal India Q4 Results 2025 Date Announced

In an exchange filing on Monday, the Maharatna PSU announced that its Board of Directors will meet on Wednesday, May 7, 2025, to consider and approve the audited financial results for Q4 and the full year ended March 31, 2025. The board will also discuss recommending a final dividend for FY25.

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