Mahanadi Coal Railway , a special purpose vehicle floated jointly by Mahanadi Coalfields, Ircon International and Government is planning to develop the crucial Jharsuguda-Sardega line and Talcher-Angul rail link for evacuation of coal. The project is estimated to cost Rs.25,000 million. As of February 2016, the SPV has just been floated. MCL would have the major stake in the SPV with 64 per cent, Ircon will hold 26 per cent and the rest 10 per cent by state owned Odisha Industrial Infrastructure Development Corporation (Idco). This SPV would take care of rail infrastructure projects of MCL.