Coal India Limited and Damodar Valley Corporation have agreed to form a 50:50 joint venture to set up a 2×800 MW brownfield thermal power project at DVC’s Chandrapura Thermal Power Station, Jharkhand. The partnership will also explore future collaborations in renewable and hybrid energy projects to boost India’s energy security.
In a major step toward strengthening India’s power generation capacity, Coal India Limited (CIL) and Damodar Valley Corporation (DVC) signed a Joint Venture Agreement on November 7, 2025, in Kolkata. The two state-run entities will co-develop a 1,600 MW brownfield expansion project at DVC’s Chandrapura Thermal Power Station in Jharkhand.
The newly formed joint venture, incorporated as a Private Limited Company, will begin with an initial paid-up capital of ₹10 lakh and an authorized capital of ₹10 crore. Both CIL and DVC will hold equal ownership and board representation, with three directors each.
The initiative aligns with India’s broader strategy to diversify its power mix—expanding thermal capacity while integrating renewable energy solutions with potential storage capabilities. This collaboration aims to enhance energy reliability in the DVC valley and contribute to national energy security.
Notable Updates:
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JV to establish a 2×800 MW brownfield thermal project at Chandrapura, Jharkhand.
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Equal ownership structure: CIL and DVC at 50% each.
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Initial equity capital: ₹10 lakh; authorized capital: ₹10 crore.
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Five-year lock-in period for share transfers from commercial operation date.
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Future plans include renewable and hybrid energy ventures.
Sources: Coal India Limited Exchange Filing; Damodar Valley Corporation Press Release.