Coal India Restricted’s (CIL) board has given its approval for conducting a pre-feasibility examine for placing up an aluminium undertaking in Odisha, as a part of the State-owned firm’s formidable plans to diversify to different sectors.
The Maharatna firm had obtained in-principal approval for its foray into aluminium and photo voltaic vitality sectors in December 2020.
CIL’s greenfield aluminium undertaking in Odisha will embody bauxite mining and could have an alumina refinery, an aluminium smelter in addition to a captive energy plant which might be managed by the corporate’s wholly owned subsidiary Mahanadi Coalfields Restricted.
Coal India is the most important dry gasoline producer within the nation as greater than 80 per cent of coal is supplied by it.
In its lately launched agenda for 2021-22, the corporate had elaborated that it plans to diversify into newer fields like electrical automobiles, charging pods and different dawn sectors.
The corporate knowledgeable about getting the board’s approval for the pre-feasibility examine in a regulatory submitting.