Coal India Limited has formally announced the incorporation of a joint venture company, DVC CIL Power Private Limited, in partnership with Damodar Valley Corporation, marking a significant development in India’s energy sector. The incorporation was confirmed by the Ministry of Corporate Affairs (MCA) on Friday.
The newly formed entity will operate in the energy sector, focusing on power generation, transmission, and distribution across thermal, hydro, and renewable energy sources. Both partners will hold equal equity participation, with 50% shareholding each, subscribing to 50,000 equity shares of ₹10 each as initial capital.
The joint venture is structured with a financial model comprising 30% equity—amounting to ₹3,132.96 crore—and 70% debt. The formation has received necessary governmental approvals from the Department of Investment and Public Asset Management (DIPAM) and the Ministry of Coal (MoC).
DVC CIL Power Private Limited is envisioned as a comprehensive energy platform. Its scope includes planning, development, construction, operation, and maintenance of power projects, along with expansion into allied sectors such as e-mobility infrastructure, water treatment, and efficient utilisation of industrial by-products like fly ash, silica, sand, and flue gas desulphurisation (FGD) residues.
In addition to generation, the company will undertake transmission and distribution projects under various infrastructure models such as BOT, BOO, BOLT, and BOOT. This includes establishing substations, transmission networks, and associated infrastructure both in India and internationally.
The initiative reflects a strategic alignment between two major public sector entities to strengthen India’s power infrastructure while supporting diversification into cleaner and more sustainable energy solutions. It also reinforces the government’s broader objective of enhancing efficiency in energy production and resource utilisation through collaborative ventures.
