Coal India Considering $1.6 Billion Power Plant

Reuters reported that Coal India is revisiting a plan to set up a 1,600 megawatts, 1.6 billion power plant in Odish.

As quoted in the market report:

The state-owned miner may approach its board for approval of the plan in the next few months, after getting a final nod from the coal ministry, A.N. Sahay, chairman of Mahanadi Coalfields Ltd (MCL) said on Thursday.

To view the whole Reuters report, click here.