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25 NOVEMBER 2021 AL CIRCLE

Coal India Board sanctions pre-feasibility report for integrated aluminium project in Odisha

EDITED BY : DEBANJALI SENGUPTA 1MINS READ

On Tuesday, November 23, the Indian government-owned Coal India Limited (CIL) said that its board approved a pre-feasibility report for settling up an integrated aluminium project in Odisha.

Coal India Board sanctions pre-feasibility report for integrated aluminium project in Odisha

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In December 2020, the miner received in-principle approval for stepping into the aluminium and solar sectors and creation of special purpose vehicles. The Centre also asked the company to diversify into other business sectors and explore prospects in industries like electric vehicles and charging pods.

According to Coal Ministry's agenda for 2021-22, “CIL must diversify its business and explore prospects in sunrise industries electric charging pods, EVs etc."

"CIL in its board meeting held on date had accorded its in-principle approval to pre-feasibility report for setting up of integrated greenfield aluminium project in Odisha which shall include bauxite mining, alumina refinery, aluminium smelter and associated captive power plant by its wholly owned subsidiary Mahanadi coalfields Limited," the coal behemoth said in a regulatory filing.

Global Aluminium Foundry

Coal India reportedly plans to diversify, given the future restrictions on carbon emissions. 

The miner produces 80 per cent of the country’s total coal output and has expertise in mining and refining.


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EDITED BY : DEBANJALI SENGUPTA 1MINS READ

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