Kolkata — Coal India Limited and Damodar Valley Corporation have jointly incorporated a new company, DVC CIL Power Private Limited, marking a major step toward strengthening India’s energy and power transmission ecosystem.
The newly formed entity has been officially registered with India’s Ministry of Corporate Affairs under Corporate Identification Number (CIN) U35102WB2026PTC287644. Structured as a 50:50 joint venture, both partners will hold equal ownership, with each subscribing to 50,000 equity shares valued at ₹10 apiece.
Major Financial Commitment
The joint venture represents a substantial financial commitment of approximately ₹3,132.96 crore (about $375 million USD). The funding structure includes:
- 30% equity contribution from the partners
- 70% debt financing, signaling a leveraged approach to scaling operations
Broad Operational Scope
DVC CIL Power Private Limited is designed as a comprehensive energy platform with a diversified mandate across the power value chain.
Power Generation and Allied Activities
The company will develop, construct, operate, and maintain power projects across multiple energy sources, including:
- Thermal power
- Hydropower
- Renewable energy
It will also explore emerging sectors such as electric mobility infrastructure, water treatment systems, and industrial reuse of power plant by-products.
Transmission and Distribution Expansion
The venture aims to build and operate power transmission and distribution infrastructure nationwide. Projects may be developed under various public-private partnership models, including:
- Build-Operate-Transfer (BOT)
- Build-Own-Operate (BOO)
- Build-Own-Transfer (BOT)
- Build-Own-Operate-Transfer (BOOT)
This includes substations, transmission lines, and supporting grid infrastructure.
Commercial Utilization of By-products
A key focus area will be the processing and commercialization of by-products generated during power production. These include:
- Fly ash
- Silica
- Sand
- Flue Gas Desulfurization (FGD) residues
The company plans to convert these materials into commercially viable products, supporting circular economy goals and reducing environmental impact.
Regulatory Backing
The formation of the joint venture has received necessary approvals from the Department of Investment and Public Asset Management and the Ministry of Coal, ensuring compliance with India’s public sector investment framework.
Strategic Importance
This partnership brings together the country’s largest coal producer and a major integrated power utility, creating a vertically integrated platform that spans fuel supply, power generation, and distribution.
The initiative aligns with India’s broader energy transition strategy by:
- Expanding generation capacity across conventional and renewable sources
- Strengthening grid infrastructure
- Promoting sustainable utilization of industrial by-products
As India continues to balance growing energy demand with sustainability goals, DVC CIL Power Private Limited is expected to play a pivotal role in modernizing the country’s power sector while improving efficiency and environmental performance.