MCL Unveils ₹64,900 Crore Green Shift with Focus on Clean Energy and Chemical Diversification – EQ
In Short : Mahanadi Coalfields Ltd (MCL) plans to invest ₹64,900 crore in energy and chemical projects, aiming to develop 182 MW of net-zero power capacity by FY29. The investment includes ventures in coal gasification, green hydrogen, and solar power. CMD OP Singh said the initiative aligns with India’s energy transition and MCL’s goal to diversify beyond coal.
In Detail : Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India, has announced a major investment plan worth ₹64,900 crore aimed at expanding into energy and chemical sectors. The initiative is part of the company’s long-term strategy to diversify its portfolio and support India’s clean energy transition.
The investment will cover a range of projects, including coal gasification, green hydrogen production, and solar power generation. These projects are designed to reduce carbon emissions while creating new revenue streams beyond traditional coal mining operations.
MCL’s Chairman and Managing Director, OP Singh, stated that the company aims to build 182 MW of net-zero power capacity by the end of FY2028–29. This aligns with national goals to promote sustainability and decarbonize the energy sector.
A major portion of the funding will go into setting up coal-to-chemical plants, which will convert coal into methanol and other valuable by-products. This will help reduce reliance on imports and contribute to energy self-reliance.
The company also plans to invest in green hydrogen projects, leveraging renewable energy to produce clean fuel for industrial and mobility uses. Solar projects will be installed both at MCL’s facilities and in external locations to maximize clean energy output.
MCL’s ambitious plan reflects the broader push by Coal India and other public sector enterprises to adapt to changing energy dynamics. The projects are expected to generate jobs, promote innovation, and strengthen India’s energy security while moving toward a more sustainable future.
