Mahanadi Coalfields to invest over Rs. 69,000 Cr. in Energy & Chemical Projects
Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India Ltd. (CIL), will be investing a total of over Rs. 69,682 crore for developing Thermal Power projects, Renewable Energy (RE) projects and Coal-to-Chemical project.
While MCL’s investments in Thermal and Coal-to-Chemical projects will be made in Odisha, the location of the RE projects has not been disclosed.
Largest Share Allocated to Thermal & Renewable Energy Projects
The largest share of Mahanadi Coalfields Limited’s (MCL) investment will be allocated towards the development of a 4,000 MW thermal power plant in Odisha. The company plans to invest approximately Rs. 40,000 crore in this thermal power project, which will be developed in collaboration with Coal India and the Energy Department of Odisha.
In the Renewable Energy segment, MCL has announced three major projects. The first is a 2,000 MW solar power project—partly ground-mounted and partly floating—with an investment of Rs. 12,000 crore. The company will also develop a 500 MW pumped storage project with an investment of Rs. 5,000 crore. Additionally, a 100 MW wind power project is planned, estimated to cost Rs. 900 crore.
High Ash Coal-to-Chemical Plant
Apart from energy projects, Mahanadi Coalfields will establish a high ash Coal to Ammonium nitrate plant with a production capacity of 6,00,000 Metric Tonnes (MT) per annum. The plant will require an investment of Rs. 11,782.05 crore and will be developed in partnership with Bharat Coal Gasification & Chemicals Ltd. (BCGCL) and the Industries Department of Odisha.
Mahanadi Coalfields Targets Net Zero Emissions by FY29
Mahanadi Coalfields is actively working toward reducing its carbon footprint, with a target of achieving net-zero carbon emissions by FY29. To support this target, the company is investing heavily in clean energy, chemical projects, and sustainable mining initiatives.
So far, MCL has already installed 52 MW of ground-mounted solar capacity and 2.5 MW of rooftop solar capacity as part of its green energy transition.
Odisha to Witness Major Industrial Investments
Odisha has witnessed a significant rise in industrial development over recent months. Since June 2024, the High-Level Clearance Authority (HLCA) of the Odisha government has conducted six meetings, in which a total of 62 industrial projects were approved.
These projects collectively represent an investment of approximately Rs. 5.67 lakh crore and are expected to generate nearly 2.42 lakh jobs across the state.
In addition to MCL’s initiatives, Odisha’s HLCA has cleared several other large-scale industrial developments aimed at accelerating Odisha’s economic growth.
About Mahanadi Coalfields Limited: Mahanadi Coalfields Limited, founded in 1992, is on the major coal producing companies in India. Mahanadi Coalfields, headquartered in Sambalpur, is a subsidiary of Coal India Limited.