Coal India and DVC Sign MoU for Power Expansion at Chandrapura Plant

Coal India Limited (CIL) and Damodar Valley Corporation (DVC) have signed a Memorandum of Understanding (MoU) to jointly explore new power project opportunities. 

Purpose of the MoU

The MoU aims to set up 2×800 MW Ultra Supercritical power units at the Chandrapura Thermal Power Station (CTPS) in Jharkhand with an investment of ₹16,500 crore. The project is an expansion of the existing 500 MW Chandrapura Thermal Power Station. This will be a brownfield expansion, meaning it will be built at the existing power plant site.

The joint venture would operate on a 50/50 equity split, with coal for the planned power plants sourced from nearby Bharat Coking Coal Ltd and Central Coalfields Ltd, subsidiaries of CIL.

Future Plans Under the MoU 

Apart from the Chandrapura project, CIL and DVC will also explore other joint opportunities to develop both Thermal and Renewable Energy projects. These may include energy storage systems as well.

About the Companies 

Coal India Limited is a government-owned company and the largest coal-producing company in the world. It plays a vital role in meeting India’s energy needs by supplying coal to various sectors, especially power generation. CIL focuses on increasing coal production, improving efficiency and supporting the country’s energy security.

Damodar Valley Corporation is a government-run organisation involved in power generation, transmission and distribution. It operates mainly in the Damodar Valley region and manages thermal and hydro power plants. DVC is also engaged in water management, flood control and irrigation, making it a key player in both energy and regional development.

Read more: Coal India Forms JV with GAIL to Enter Synthetic Natural Gas Sector

Coal India Share Performance 

As of April 22, 2025, at 10:30 AM, Coal India share price is trading at ₹401.35 per share, reflecting a decline of 0.21% from the previous day’s closing price. Over the past month, the stock has declined by 1.15%. The stock’s 52-week high stands at ₹543.55 per share, while its low is ₹349.25 per share.

Conclusion

The signing of this MoU reflects a shared commitment by CIL and DVC to strengthen energy infrastructure and address the rising electricity needs of the DVC valley region. By planning both thermal and renewable projects, this collaboration sets the stage for long-term sustainable power development. 

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