Coal India, Damodar Valley Form JV for ₹210 Billion Chandrapura Power Project

Coal India Ltd. and Damodar Valley Corp. have signed a joint venture agreement to expand the Chandrapura thermal power station in Jharkhand through a brownfield project of 1,600 megawatt capacity.

The project will include two ultra-supercritical units of 800 megawatt each and is estimated to cost about ₹210 billion. The venture will be based on a 50:50 equity structure, the companies said in a stock exchange filing.

Coal for the new units will be supplied by Central Coalfields Ltd., a subsidiary of Coal India. The cost covers development, construction, and commissioning, with commercial operations targeted by 2031–32  to meet India’s growing energy demand.

Being a brownfield expansion, the project already has access to land and key infrastructure, which is expected to help keep costs competitive. The joint venture will also explore opportunities for other thermal and renewable energy projects, the companies said.