DVC is a power generation company operating in the states of West Bengal and Jharkhand. The proposed project is a brownfield expansion of the existing Chandrapura Thermal Power Station (CTPS), involving the addition of two units of 250 MW each.
The total investment would be to the tune of Rs 16,500 crore. The joint venture company would be on a 50% equity-sharing basis. Coal for the proposed power plants would be sourced from coalfields in the proximity of CIL's subsidiary companies Bharat Coking Coal and Central Coalfields.
Coal India is a coal mining company engaged in the production and sale of coal. As of 31 December 2024, the Government of India held a 63.13% stake in the company.
The firm reported a 17.04% decrease in consolidated net profit to Rs 8,505.57 crore in Q3 FY25 from Rs 10,253.48 crore in Q3 FY24. Revenue from operations fell 1.03% to Rs 35,779.78 crore in the third quarter of FY25 from Rs 36,153.97 crore recorded in the same period last year.
Shares of Coal India rose 0.65% to Rs 403.15 on the BSE.