MCL plans to invest Rs 60,000 crore in Odisha in five years

Mahanadi Coalfields Limited (MCL), a subsidiary of Coal IndiaNSE 2.00 % Limited, on Saturday said it will invest Rs 60,000 crore in Odisha by 2025-26.

With investment in acquisition of land for three new Mine, Develop and Operate projects, namely Siarmal (50 MTY) in Ib Valley coalfields, Subhadra (25 MTY) and Balbhadra North (10 MTY) in Talcher coalfields, as well as expansion of existing projects the company targets to increase its coal production capacity to 300 million tonnes in about three years, an official statement said.

To increase the capacity building for the new and expansion of existing projects, the company would invest in procurement of heavy machinery, besides setting-up of 1600 MW (2×800) super critical thermal power plant with planned investment of Rs 11,363 crore in Sundergarh district of Odisha.