What is the purpose of equity investments by Coal India arms in two thermal power projects
CCEA approves ₹5,607 crore equity investments by Coal India arms in two thermal power projects
The purpose of equity investments by Coal India's arms in two thermal power projects can be summarized as follows:
- To enable Coal India to secure a consistent supply of coal by investing in power projects that are likely to consume large quantities of coal.
- To ensure a diversified revenue stream for Coal India by entering the power generation sector.
- To contribute to India's energy security by supporting the development of additional thermal power capacity.
- To leverage the expertise of Coal India in the coal sector and apply it to power generation activities.
- To potentially generate additional revenue for Coal India by participating in the profits of these thermal power projects.
- To facilitate the optimal utilization of coal reserves by investing in projects that will consume coal domestically instead of exporting it.
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