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TMI BlogCabinet approves equity investment by (i) South Eastern Coalfields Limited for setting-up 1×660 MW Thermal Power Plant through JV of SECL and MPPGCL; and (ii) Mahanadi Coalfields Limited for setting-up 2x800 MW Thermal Power Plant through MBPLX X X X Extracts X X X X X X X X Extracts X X X X ..... Cabinet approves equity investment by (i) South Eastern Coalfields Limited for setting-up 1×660 MW Thermal Power Plant through JV of SECL and MPPGCL; and (ii) Mahanadi Coalfields Limited for setting-up 2x800 MW Thermal Power Plant through MBPL - News and Press Release Dated:- 18-1-2024 - News - Cabinet approves equity investment by (i) South Eastern Coalfields Limited for setting-up 1×660 MW Ther ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mal Power Plant through JV of SECL and MPPGCL; and (ii) Mahanadi Coalfields Limited for setting-up 2x800 MW Thermal Power Plant through MBPL - - - Dated:- 18-1-2024 - The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi today approved proposal for equity investment by (i) South Eastern Coalfields Limited (SECL) for setting-up 1 660 MW Thermal Power Plant thro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ugh JV of SECL and MPPGCL; and (ii) Mahanadi Coalfields Limited (MCL) for setting-up 2x800 MW Thermal Power Plant through Mahanadi Basin Powe Ltd (MBPL - a subsidiary of MCL). The CCEA has approved the proposal of equity investments by SECL, MCL and CIL as follows: (a) Equity Capital of Rs.823 Crore ( 20%) by SECL considering a Debt-Equity Ratio of 70:30 and 49% Equity Investment in JV C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ompany with an estimated Project Capex of Rs.5,600 Crore (accuracy of 20%) for the proposed 1 660 MW Supercritical Thermal Power Plant through JV of SECL and MPPGCL at Amarkantak Thermal Power Station in Village Chachai, Anuppur District, Madhya Pradesh. (b) Equity Capital of Rs.4,784 Crore ( 20%) by MCL for the proposed 2 800 MW Super-Critical Thermal Power Plant in Sundargarh District, O ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... disha with an estimated Project Capex of Rs.15,947 Crore (accuracy of 20%) through MBPL. (c) Approval to MBPL, an SPV of MCL to set up the 2 800 MW Super-Critical Thermal Power Plant. (d) Equity Investment by CIL beyond 30% of its net worth in the JV of SECL-MPPGCL (Rs.823 Crore 20%) as at (a) above, and in MBPL, a 100% wholly owned subsidiary of MCL (Rs.4,784 Crore 20%) as at po ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... int (b) above. Coal India Limited (CIL), the largest coal mining company in the world, will set up following two Pithead Thermal Power Plants, through its subsidiaries, with a view to provide cheaper power to the country (a) 1 660 MW Supercritical Coal-Based Thermal Power Plant (TPP) at Amarkantak Thermal Power Station in Village Chachai, Anuppur District, Madhya Pradesh, through JV betwee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n SECL and Madhya Pradesh Power Generating Co Ltd (MPPGCL); (b) 2 800 MW Supercritical Thermal Power Plant, in Sundergarh District, Odisha, through Mahanadi Basin Power Ltd (MBPL), a Wholly Owned Subsidiary of MCL. - - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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