CIL and DVC Form Joint Venture for 1,600 MW Power Project

12 Nov 2025 CW Team

Coal India Limited (CIL), the country’s largest coal producer, and Damodar Valley Corporation (DVC), a leading power generator in West Bengal and Jharkhand, have signed a Joint Venture Agreement (JVA) to develop a 1,600 MW brownfield thermal power project at DVC’s existing Chandrapura Thermal Power Station in Jharkhand. The agreement was finalised on 7 November 2025.

The project will comprise two ultra-supercritical units of 800 MW each, with coal sourced from CIL’s Jharkhand-based subsidiary, Central Coalfields Limited. The total estimated project cost is around Rs 210 billion, to be financed on a 50:50 equity basis between the two state-owned entities. The cost includes development, construction, and commissioning of both units, which are expected to begin commercial operations by FY 2031–32.

The JV also intends to explore future collaborations in other thermal and renewable energy ventures. Senior officials from both organisations stated that the project will leverage existing infrastructure at the Chandrapura site, ensuring efficient use of resources and faster execution.

Given its proximity to the coalfields, the project’s variable power cost is expected to remain competitive. As a brownfield expansion, major infrastructure, including land, is already available, expediting implementation.

The signing ceremony was attended by S. Suresh Kumar, Chairman, DVC; Sanoj Kumar Jha, Chairman, CIL; and senior officials from both organisations. The pact marks a significant step in enhancing national and regional power supply reliability and meeting India’s growing energy demand.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..