MCL @ Glance
Coalfields in MCL
IB Valley Coalfields
Subsidiary Company of MCL
MJSJ Coal Limited
MJSJ Coal Ltd was incorporated on 13th August, 2008 for Combined block of Utkal-A & Gopalprasad west as a Joint Venture Company of MCL having 60% share. The Hon’ble Supreme Court of India in its judgement dated 25.08.2014 and order 24.09.2014 declared allocation of Utkal-A coal block including Gopalpur (West) allocated to MJSJ Coal Ltd. as illegal and has quashed the allocation.
MNH Shakti Limited
MNH Shakti Ltd was incorporated on 16th July, 2008 for Talabira-II & III OCP as a Joint Venture Company of MCL having 70% share. The Hon’ble Supreme Court of India in its judgement dated 25.08.2014 and order 24.09.2014 declared allocation of Talabira-II and Talabira-III coal blocks allocated to MNH Shakti Ltd. as illegal and has quashed the allocation.
Mahanadi Basin Power Limited
Another Company “Mahanadi Basin Power Limited” was incorporated on 2nd December, 2011 and certificate for commencement of business was issued by ROC on 06-02-2012. MBPL has been formed as an SPV with 100% share held by Mahanadi Coalfields Ltd and its nominees with power generation capacity of 2X800 MW through Pit Head Power plant at Basundhara Coalfields. The share capital of the Company as on 31.03.2020 was Rupees Five Lakh.
Mahanadi Coal Railway Limited
Pursuant to MoU signed between IDCO, MCL and IRCON on 20th May, 2015, a Joint venture Company namely, Mahanadi Coal Railway Limited was formed on 31st August, 2015 with equity participation in the ratio of 64:26:10 between MCL, IRCON and IDCO to build, construct, operate and maintain identified rail corridor projects including doubling, third line, traffic facility projects important for coal connectivity that are critical for evacuation of coal from mines, in the state of Odisha. The share of the company capital of the company as on 31.03.2020 was Rupees Five Lakh only.