Coal India Ltd and Damodar Valley Corporation Form a Joint Venture for 2x800 MW Brownfield Expansion Thermal Power Project

Coal India Limited (CIL) and Damodar Valley Corporation (DVC) have executed a Joint Venture Agreement on November 7%, 2025, to form a Joint Venture between CIL and DVC. The purpose of the agreement is to set up a 2x800 MW Brownfield Expansion Thermal Power Project at the existing site of DVC’s Chandrapura TPS, Jharkhand and explore various other possibilities of jointly undertaking the setting up of thermal power projects and renewable energy projects with/without storage. The Joint Venture Company shall be incorporated as a ‘Private Limited’ Company with an initial paid-up share capital of 310,00,000 (Indian Rupees Ten Lakh only) and an authorized share capital of 210,00,00,000/-(Indian Rupees Ten Crore Only). The registered office of the JVC shall be situated in the state of West Bengal, India. CIL and DVC each shall have the right to nominate three executives as Directors of JVC. The lock-in period is 5 (five) years from the COD of the Project.