Monnet Power Company Limited
The 87.5% subsidiary of the MIEL is setting up thermal power plant of IPP of 1050 MW backed with pit head captive coal mine in Angul, Orissa. The project has all statutory approvals & clearances in place and has achieved financial closure. The capacity is further being enhanced to 1710 MW by adding additional 660 MW (super critical turbine) at the same site.
Monnet Global Limited
A wholly-owned subsidiary of MIEL having offices in Dubai, Jakarta (Indonesia) and Johannesburg (South Africa) is responsible for global acquisitions and mergers of the Group.
Monnet Overseas Limited
It is a wholly owned subsidiary of MIEL in UAE engaged in trading activities.
Monnet Cement Limited
This is a wholly owned subsidiary of MIEL with plans to set up a cement plant in Chhattisgarh and Gujarat.