Coal India Limited (CIL) and Damodar Valley Corporation (DVC) have formed a joint venture to establish a 2×800 MW Brownfield Expansion Thermal Power Project. This project will be located at the existing site of DVC’s Chandrapura TPS, Jharkhand. The collaboration will explore additional thermal and renewable energy projects to meet energy demands and ensure security for the DVC valley area and other parts of India. The agreement was executed on November 7, 2025.
Joint Venture Overview
Coal India Limited (CIL) and Damodar Valley Corporation (DVC) have entered into a Joint Venture Agreement on November 7, 2025. The primary objective is to set up a 2×800 MW Brownfield Expansion Thermal Power Project at DVC’s Chandrapura TPS site in Jharkhand.
Project Scope
The joint venture will also explore possibilities for thermal power projects and renewable energy projects (with or without storage). The goal is to meet the increasing energy demand and provide energy security for the DVC valley area and other regions of India.
Shareholding Structure
The shareholding in the joint venture will be split equally between CIL and DVC: CIL:DVC – 50%:50%.
Key Terms of the Agreement
- The Joint Venture Company will be incorporated as a “Private Limited” Company.
- The initial paid-up share capital is ₹10,00,000 (Indian Rupees Ten Lakh only).
- The authorized share capital is ₹10,00,00,000 (Indian Rupees Ten Crore Only), comprising 1,00,00,000 (One Crore) Equity Shares at ₹10 each.
- The registered office of the JVC will be located in the state of West Bengal, India.
Director Nomination Rights
CIL and DVC each have the right to nominate three executives as Directors of the JVC.
Share Transfer Restrictions
No Shareholder can transfer any Equity Shares before 5 years from the COD (Commencement of Dispatch) of the Project.
Source: BSE
