INSUBCONTINENT EXCLUSIVE:
Coal India prepares to diversify into sunrise sectorsCoal India Limited's (CIL) board has offered its approval for conducting a
pre-feasibility research study for setting up an aluminium project in Odisha, as part of the State-owned company's ambitious strategies to
diversify to other sectors.The Maharatna business had actually received in-principal approval for its venture into aluminium and solar power
CIL's greenfield aluminium job in Odisha will include bauxite mining and will have an alumina refinery, an aluminium smelter as well as a
captive power plant which would be handled by the company's completely owned subsidiary Mahanadi Coalfields Limited.Coal India is the
largest dry fuel manufacturer in the nation as more than 80 percent of coal is offered by it.In its recently released agenda for 2021-22,
the company had actually elaborated that it plans to diversify into more recent fields like electrical lorries, charging pods and other
sunrise sectors.The company informed about getting the board's approval for the pre-feasibility research study in a regulative filing.
