Mahanadi Coalfields Limited (MCL) unveiled an ambitious investment plan of ₹64,900 crore, aimed at expanding its footprint beyond coal into thermal power, renewable energy, and coal-to-chemical projects. The move aligns with the company’s broader diversification strategy and its commitment to long-term sustainability.
High-Ash Coal to Ammonium Nitrate Plant in Odisha
As a key part of this strategy, MCL plans to set up a coal-to-chemical plant that will convert high ash coal into ammonium nitrate. The proposed facility will have a capacity of 6,00,000 metric tons per annum and involve an investment of ₹11,782.05 crore.
Bharat Coal Gasification and Chemicals Limited (BCGCL) and the Industries Department of Odisha will jointly develop the project, marking a major step in leveraging domestic coal resources for chemical production.
Pushing for Renewable Energy and Net Zero Goals
As reported by etenergyworld.com, MCL is also accelerating efforts toward clean energy. The company targets achieving 182 MW of renewable energy capacity by FY2029, contributing meaningfully to its net-zero carbon emission goals.
“We are committed to building a diversified and sustainable energy portfolio,” said Uday A. Kaole, Chairman-cum-Managing Director of MCL. “This investment reflects our vision to support India’s energy transition while creating new value streams for the company,” Kaole added.
