MCL to invest ₹64,900 crore to boost power capacity 

The largest share, ₹40,000 crore is allocated for developing a 4,000 MW thermal power plant in collaboration with Coal India and Odisha’s Energy Department. 

Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India has announced a ₹64,900 crore investment plan for thermal power, renewable energy and coal-to-chemical ventures as part of its diversification and decarbonisation strategy.

According to Uday A. Kaole, Chairman-cum-Managing Director, the largest share, ₹40,000 crore, is allocated for developing a 4,000 MW thermal power plant in collaboration with Coal India and Odisha’s Energy Department. In the renewables sector, MCL plans a 2,000 MW ground-mounted and floating solar plant with an investment of ₹12,000 crore, a 500 MW pumped storage facility at ₹5,000 crore, and a 100 MW wind power plant estimated at ₹900 crore.

The company plans to establish a 600,000-tonne coal-to-ammonium nitrate plant in partnership with BCGCL and Odisha’s Industries Department, requiring ₹ 11,782.05 crore. MCL has already installed 52 MW of ground-mounted and 2.5 MW of rooftop solar capacity. It aims to achieve a net zero carbon emission target of 182 MW by FY29. These initiatives support MCL’s broader transition towards sustainable energy and downstream coal-based industries.