
On Tuesday, October 5, Coal India Limited (CIL), an Indian government-owned coal mining and refining corporation, said that its pre-feasibility report for an integrated Greenfield aluminium project in Odisha received an approval from the board. So, the company will now start conducting a pre-feasibility study for the project, as part of the ambitious diversification project from public enterprise to other sectors.

The Maharatna firm said in a filing to the BSE that the Greenfield aluminium project would include bauxite mining, alumina refinery, aluminium smelter and associated captive power plant by its wholly-owned subsidiary Mahanadi Coalfields Ltd (MCL).
In February, Coal India spoke about starting 26 projects in new business areas by investing INR 1.43 lakh crore. The new business areas included a Greenfield aluminium project along with brownfield aluminium projects in a joint venture with NALCO, solar wafer manufacturing, solar generation projects, and thermal power plants.
Earlier in December 2020, CIL already received approval from NITI Aayog and Department of Investment and Public Asset Management (DIPAM) for the solar wafer manufacturing and the Greenfield aluminium project.
CIL has also prepared plans for a special purpose vehicle (SPV). It aims to float a tender for the JV by Q2 FY22.
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