Coal India & Damodar Valley Corp sign JV agreement for thermal power project
Coal India and Damodar Valley Corporation (DVC) have signed a Joint Venture Agreement to establish a 2x800 MW thermal power project in Jharkhand and explore renewable energy opportunities.
The joint venture is expected to have a medium impact as it involves a significant thermal power project and exploration of renewable energy sources, which could contribute to energy security.
The announcement details a strategic joint venture that aims to expand thermal power generation and explore renewable energy projects, indicating potential for growth and energy security.
* Coal India Limited (CIL) and Damodar Valley Corporation (DVC) executed a Joint Venture Agreement on November 7, 2025, in Kolkata. * The JV aims to set up a 2x800 MW Brownfield Expansion Thermal Power Project at DVC’s Chandrapura TPS in Jharkhand. * The venture will explore possibilities for jointly undertaking thermal and renewable energy projects with/without storage. * The goal is to meet growing energy demand and ensure energy security for the DVC valley area and other parts of India. * CIL and DVC will have a 50%:50% shareholding in the joint venture. * The Joint Venture Company will be incorporated as a “Private Limited” Company. * The initial paid-up share capital is ₹10 lakh. * The authorized share capital is ₹10 crore, comprising 1 crore equity shares at ₹10 each. * The registered office of the JVC will be in West Bengal, India. * CIL and DVC can each nominate three executives as Directors of JVC. * There is a lock-in period of 5 years from the COD (Commercial Operation Date) of the Project for transferring equity shares.
What to do with a filing like this
Coal India Limited filed this with the NSE as a statutory disclosure, categorised under joint ventures. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Coal India Limited. Read the original for the full detail.