Last Updated : Oct 09, 2018 08:51 AM IST | Source: PTI

Coal India, NLC India ink pact to set up JV for power generation

CIL Chairman A K Jha had earlier said the company is optimistic about an aspirational production target of 652 million tonne for 2018-19.

 
 
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Coal India said it has entered into a pact with NLC India Ltd (NLCIL) to set up a joint venture for power generation. "Coal India Ltd (CIL) and NLCIL have signed a memorandum of understanding (MoU) for formation of a joint venture for solar power generation of 3,000 MW and thermal power projects of 2,000 MW capacity," CIL said in a filing to BSE.

The PSU accounts for over 80 per cent of domestic coal output.

CIL Chairman A K Jha had earlier said the company is optimistic about an aspirational production target of 652 million tonne for 2018-19.
First Published on Oct 9, 2018 08:39 am
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